The culture of corruption

Raw Story picks up on one more instance of the rampant corruption that thrives in this administration:

Mutliple news sources reported last week that Sallie Mae Corporation Chairman Albert Lord had sold 400,000 shares of his stock in the nation's largest student loan provider on Thursday, Feb. 1, and Friday, Feb. 2. The following Monday, Feb. 5, the federal government released its Education budget, which included a substantial cut in federal subsidies for aid providers.

Sallie Mae's stock price, which closed on Friday the 2nd at $46.46, fell to $42.37 on Monday the 5th. The sale before the roll out of the federal education budget saved Lord more than $1.5 million.