Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Saturday, February 10, 2007

Sallie Mae Insider Sells Shares Before Price Drop

Sallie Mae Chair Albert L. Lord sold $18.3 million worth of stock last week, just  a few days before the Bush administration announced big cuts in subsidies to the lending industry that caused a drop in the price of Sallie Mae shares.  The company says the timing was a coincidence.  See Washington Post, Sallie Chairman Sold Shares Ahead of Cuts.

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