Sallie Mae affirms outlook, warns of “train wreck” (Reuters)
Reuters - Sallie Mae , the largest U.S. student loan company, on Thursday affirmed its 2008 profit forecast, but warned of a “train wreck” in the $85 billion education financing market without urgent government intervention.
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Reuters - Subprime mortgage-hit National City , a large U.S. Midwest regional bank, is close to getting a $6-$7 billion injection from a group of investors led by private equity firm Corsair Capital, a source familiar with the transaction said on Sunday.
