Sallie Mae is having to reorganize itself. They're broke.

[SheepToTheFleecing]

Title: Sallie sale days
Student lender hires Goldman to test options
Date: July 28, 2010
Author: MARK DeCAMBRE

I actually feel bad for them, but it is tempered by the fact that Sallie is not a person and I also feel a little schadenfreude.

Source:http://www.nypost.com/p/news/business/sallie_sale_days_YLrKTxcsO58Bdm09wQwZsM#ixzz0v1A7JFCl