Steve Davidoff on Sallie Mae

Student loans are either a monthly expense or a painful memory for most of us. I had a brief two-week interregnum between Lotus and law school where I was free from student debt. Ah, those were the days!

Education lender Sallie Mae is up for sale, and it appears that the buyers are backing out. My colleague Steve Davidoff, an expert on corporate law, analyzes the breakup in the New York Times. I don’t understand all of the M&A issues, but I do love a situation where major corporations play “good cop, bad cop.”

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