Tyler Crowe

Guys, unfortunately, none of us were the recipients of that $300 trillion stablecoin fat finger that happened at PayPal either yesterday or today.

I think we're just going to have to keep on building wealth the old-fashioned way with some buy and hold stocks.

With that in mind, what's actually on your radar this week?

John, we're going to start with you.

On the deregulatory thing, there's been another story about the Trump administration looking to privatize its portfolio of student loans.

I don't know if it's going to happen or not, but it gives me a pretty lame excuse to talk about SLM Corp.

Ticker is SLM.

People might also know it as Sallie Mae, which is basically the bank similar to Fannie Mae, Freddie Mac, but it's focused on student loans.

It is actually a publicly traded company.

One of the things that makes it so appealing to me is if you actually look at the credit quality that it has, you think of student loans, they tend to be a relatively secure sort of loan in the sense of paybacks.

Our default rates are relatively low.

They actually can't even be discharged in bankruptcy.

They also get things like high rates of co-signed with parents and things like that.

A lot of what they actually have on their books is for masters in business or pre-med or law or something like that.

It tends to have very high amounts with also good credit quality for future payments.

And it's just a business, to me, that looks incredibly well.

If you look at things like net interest spreads, which is the difference between the interest rate on the loans and how much its depositors get, it's quite high compared to most other banks.

You get a secure payment at a high net interest rate.

This is a business right now that's trading for about 11 or 12 times earnings.

And I think people are worried about credit quality, but I think that might be a little overblown for a business that