Detailed text transcripts for TV channel - FOXNEWS - 20100331:15:39:00
Have to cut thousands of jobs because of this plan. columnist shane is with fbn, he's here to explain how many jobs are they talking about. >> reporter: 2500, jane. that's the other side of this. sallie mae as a company employs 8600 people, so cutting back on 2500 positions is a pretty good chunk of the business. now, in those remarks we were showing from the president, what he talked about was eliminating the middle man in the student lending process, government lends directly to the student, you know, the problem for sallie mae, this is essentially the middleman, it's the big chunk of its bu...
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