Apparently, Chairman Lord (Oh, the irony!) of Sallie Mae sold 400,000 of Sallie Mae stock--days before Bush released his 2008 budget which called for $18 billion dollars in subsidy cuts for the lending industry.
Does anyone know if this bastard served any time in Federal Prison for Insider Trading? You can't tell me that he didn't hear that his stock was going to tank.
For those of you that are too lazy to click on the link, here's the story: