Submitted by Alex Hamilton (not verified) on May 16, 2008 - 12:19pm.
The error reported demonstrates that with any large operation sh_t happens. Next month it could be the Direct Loan program. The following month another lender.
In a monopoly environment, operational risks pose a greater threat, because when the monopoly's systems fail they fail for everyone. In a competitive market only the market share of the snafu-er is affected.
Sallie's Snafu
The error reported demonstrates that with any large operation sh_t happens. Next month it could be the Direct Loan program. The following month another lender.
In a monopoly environment, operational risks pose a greater threat, because when the monopoly's systems fail they fail for everyone. In a competitive market only the market share of the snafu-er is affected.