Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Healthcare bill passing results in 2400 layoffs in already hard hit Indiana.

The student-loan giant, Sallie Mae, is looking at layoffs and consolidation after spending the past year fighting student-loan reform, which Congress approved last week.
Nearly 1,700 work at the Fishers branch, which is the company's largest, and more than 700 work in Muncie.

In a state with an unemployment rate of 10.6%, where Obama campaigned to create jobs is this the Change you can believe in? If so, why?

Answer Question
 
grlygrlz2

Asked by grlygrlz2 at 6:48 AM on Mar. 29, 2010 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (8)
  • Oh look, more white collar job losses. I suppose it's harder for people to play the "changing economy people need to be retrained" card when it's loan adjusters and accountants getting laid off. That must be so difficult for them. However will they justify this one?
    NotPanicking

    Answer by NotPanicking at 7:16 AM on Mar. 29, 2010

  • Why do I get the feeling all you'll hear in this thread is the sound of crickets?! Or "give him/it/they more time!"


    Here I'll get things started! LOL


    LINK


    mmm...mmm...mmm...barack hussein obama

    LoriKeet

    Answer by LoriKeet at 7:56 AM on Mar. 29, 2010

  • iceberg ahead captain, starboard side 1 mile ahead...........
    nonsense...full speed ahead mate
    aye aye sir!!
    jewjewbee

    Answer by jewjewbee at 8:22 AM on Mar. 29, 2010

  • It's all in the plan.........
    itsmesteph11

    Answer by itsmesteph11 at 9:33 AM on Mar. 29, 2010

  • WONDERFUL. Good luck if you are unemployed and need a student loan to re-train, I guess. The paperwork will take a while.....
    mancosmomma

    Answer by mancosmomma at 9:41 AM on Mar. 29, 2010

  • So what you are saying is that Sallie Mae has already shut down or has made plans to shut down both of the offices in question?

    Anonymous

    Answer by Anonymous at 10:26 AM on Mar. 29, 2010

  • So what you are saying is that Sallie Mae has already shut down or has made plans to shut down both of the offices in question?


    According to the news, They are meeting this week to begin layoffs.

    grlygrlz2

    Answer by grlygrlz2 at 2:13 PM on Mar. 29, 2010

  • Found this on Reuters: http://www.reuters.com/article/idUSTRE62P46120100326?type=globalMarketsNews

    And this is also interesting reading: http://moneywatch.bnet.com/economic-news/blog/macro-view/student-loan-overhaul-finally-applying-subsidies-where-theyre-most-effective/1792/

    Private industry managing government money programs is a little too much like the fox guarding the henhouse. Yeah, I feel badly for the people who are going to lose their jobs. But I have this funny feeling they'll be re-hired to do the same work for Uncle Sam. Sallie Mae's function was to administer the program...someone will have to do it...for government pay and perks.
    gdiamante

    Answer by gdiamante at 6:00 PM on Mar. 29, 2010

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN