“After the financial crisis proved the government would spend tens of trillions of dollars to keep banks from going belly up, you would think that nothing will kill them. But now the ineffable forces of Stanford-branded reinvention are going after their customers. Do investors in publicly traded lenders need to get out before it’s too late? A case in point is student lending giant, SLM – formed as the Student Loan Marketing Association — which is in the cross-hairs of a San Francisco-based peer-to-peer lending powerhouse, Social Finance, Inc. (SoFi). As CEO Mike Cagney, a graduate of Stanford Business School, explained, SoFi is growing fast.”
http://www.forbes.com/sites/petercohan/2014/05/22/will-sofi-take-sallie-maes-best-customers
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Google warns that govt is demanding more of your private data than ever
Last flight for US-funded air war on drugs as Colombia counts health cost
Woman sues officers for seizing $31,000 cash from real estate sale
India central bank red flags 'virtual currency'
Obama Presses for Action on Bank Rules
October 2015 Debut of Yangon Stock Exchange Signals Greater Asean Integration
Border Agents’ Power to Search Devices Is Facing Increasing Challenges in Court
BIS: Central banks warned of 'false sense of security'
Citic Securities: Interest in Chinese REITs High
South Korea's $4 Million Teacher
Could China make or break bitcoin?
Why cash may never die
Iraq says 3,000 inmates freed amid demonstrations
Contagion Spreads in Emerging Markets as Crises Grow
Some consumer PCs also appear to have dangerous Intel exploit