Treasury,Fed Save Universities
$60 B from Treasury. $200 B from Fed. Universities rejoice.
And the same guys who gave toxic MBS wonderful ratings have now blessed the new Treasury plan.
“Fitch Ratings gave debt to be issued by the unit, formally known as Straight-A Funding Student Loan Short-Term Notes, a preliminary rating of F1+, the highest grade.”
What could possibly go wrong ?
Read the whole thing at
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTirMHvhiujY&refer=home#