Odds ‘n Sods:
Another derivatives debacle! At least I can say that I warned you. From Bloomberg com comes this story: Sallie Mae 4th-Quarter Net Falls on Derivatives Losses. The article begins: “SLM Corp., the nation’s largest provider of college-student loans, said fourth-quarter profit tumbled 96% because of a decline in the value of financial contracts it uses to protect against swings in interest rates.” o o o Reader J.M. sent us a news story link and asks: “When will the ‘nanny state’ mentality ever end?”: California may ban conventional light bulbs by 2012 OBTW, I also read that in California the …