I would say that the news in the second para is the most relevant to FMD and it is very positive:
In Senate testimony Tuesday, Senate Banking Committee Chairman Chris Dodd said he would send a letter to Treasury Secretary Henry Paulson to direct the Federal Financing Bank to purchase participation interest in pools of new student loans backed by the government.
He also planned to write Federal Reserve Chairman Ben Bernanke to allow student-loan-backed debt to be used as collateral for the recently created Term Securities Lending Facility, introduced in mid-March to boost capital market liquidity.
http://online.wsj.com/article/SB120839263086521457.html?mod=hpp_us_whats_news
This is a major piece in the puzzle, the other one is the insurer. Perhaps they are saving that announcement for the 23rd? In the mean time stock is making higher highs and higher lows on heavy volume.
In Senate testimony Tuesday, Senate Banking Committee Chairman Chris Dodd said he would send a letter to Treasury Secretary Henry Paulson to direct the Federal Financing Bank to purchase participation interest in pools of new student loans backed by the government.
He also planned to write Federal Reserve Chairman Ben Bernanke to allow student-loan-backed debt to be used as collateral for the recently created Term Securities Lending Facility, introduced in mid-March to boost capital market liquidity.
http://online.wsj.com/article/SB120839263086521457.html?mod=hpp_us_whats_news
This is a major piece in the puzzle, the other one is the insurer. Perhaps they are saving that announcement for the 23rd? In the mean time stock is making higher highs and higher lows on heavy volume.
