Dear Treasury Secretary Paulson

By Howard Beale
Created 09/23/2008 - 1:59pm

Dear Secretary Paulson,

You're already spending $700 billion of our money to bail out big players [1] in the financial sector after they made huge, costly and potentially destabilizing mistakes.

Please accept this request that MOHELA be included in the federal bailout as Matt Blunt has made huge, costly and destabilizing mistakes in the sale of the student loan agency's assets that have left it consistently unable to pay its billsMOHELA will apparently again miss a scheduled payment [2] at the end of this month --an occurrence which has become a quarterly tradition.

Due to Matt Blunt's utter failure, a failure not unlike the ones perpetrated by execs at Bear Stearns and Lehman Brothers, MOHELA's viability is threatened and should therefore be included in your bailout, Mr. Secretary.  What's a few hundred mil in the context of a $700 billion package, anyway?

Your friend,


 


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