But by promising to buy, at face value, any loans that turn bad during the next 18 months, the government has raised doubts about its grasp of proper incentives.
Although SLM s move helped calm investor jitters about board oversight and management structure, Terracciano and his team will face daunting challenges in order to turn the company around.
But these words ring hollow in the face of the many small holocausts happening in the world today and about which the world community chooses to turn a blind eye to until it is too late.