Sallie Mae, who processes student loans out of INDIA, stabbing Americans in the back AGAIN.

[Drunken Irishman]

http://www.foxnews.com/politics/2010/03/30/sallie-mae-blames-layoffs-obamas-student-loan-overhaul/

For those who don't want to click the link to FOX:

Sallie Mae Blames 2,500 Layoffs on Obama's Student Loan Overhaul

Powerhouse student loan provider Sallie Mae says layoffs are imminent as a result of President Obama's new student loan overhaul.

"This legislation will force Sallie Mae to reduce our 8,600-person workforce by 2,500," Conwey Casillas, Vice President of Sallie Mae Public Affairs, said in a statement to Fox News.

[DJ13]

1. If most jobs lost are in India I wont cry for them

[DrToast]

2. It still eliminates waste

It sucks for those losing their jobs right now, but it's better for the economy in the long run.

Maybe Conwey Casillas can take a pay cut to save some of the jobs.

[emilyg]

3. People who can't feed their

families can't wait "for the long run".

[DrToast]

4. Neither can the people who can't afford to go to college....

....because we're buying yachts for Sallie Mae executives.

[Supersedeas]

6. No, banking CEO's get bonuses for cutting US jobs and outsourcing to India

[marybourg]

5. The larger # of new loans the federal gov't will be providing will need a larger # of processors

and they'll be working for the government which, hopefully, won't outsource the jobs the way Sallie Mae did.