CMKM Diamonds Inc. (fka CMKX)

[johncee]

Janice. We just completed the privatization and are no longer dependent on government funds to operate. Four years ahead of plan. In our Vegas office we are increasing our private credit and increasing our collections on new contracts with new clients as we speak. It is growing like gangbusters.

An article from: Kathy Whitley

Those who graduated magna cum payments may not be familiar with SLM Corporation, but they probably know Sallie Mae. The company is the country's largest source of funding and servicing for education loans. SLM keeps loan money flowing and protects student loans from the ups and downs of the credit market by buying loans from originators and relieving them of default risk. From inception, Sallie Mae borrowed money at near government rates to purchase loans guaranteed by the government, but in the mid-90s Congress took away SLM's funding advantage, making privatization attractive. It completed its separation from the government in late 2004 (nearly four years ahead of plan) and is now a wholly private company.