his fifties new efforts become law sally mae would not be able to originate any student loans backed by the federal government and that is why the stock is having so much trouble. if it seems like it's flat aligned a lot of uncertainty and you mentioned in the market shareholders are really trying to figure out what direction the s l m want to go. other this legislation depending go which way and go the government could allow for sallie mae to bid on some contracts to service loans after they have been made by the government. it says it could have a business model for a fee-for-service. we want to hear from you for free comments at first business x. c o m or the boys milk 3126608397. see you online or back here next time. seem smooth and strong to irreversible damage. no different. irreversible loss of enamel. enamel shield enamel loss by forming against acid attack. toothpastes dentists check most. save your enamel. be gone for good. enamel shield. with the rinse. get 0% apr for 60 months on every '09 silverado half-ton model. with an average finance savings of more than $6400.

he said sally mae, i'm going to be buried in my car. >> each to their own, i guess. well, hundreds turned out for the unusual burial. one said that holloway was a "very unique individual." >>> the u.s. needs to spend trillions of dollars to fix the nation's crumbling infrastructure, according to engineering experts. and as we're finding out often these days, many of america's bridges and highways are in desperate need of repair or replacement 6789. >> reporter: the cab of this fire engine almost devoured by a sink hole in san fernando valley caused by a broken water main. this just three days after an even break down the road washed away cars and flooded residents and businesses for blocks. >> things are falling apart. >> reporter: with aging infrastructure failing spectacular like this, the mayor of los angeles says the city is playing catch-up when it comes to repair. >> some of these pipes are more than 100 years old. >> reporter: failing infrastructure, not just an l.a. problem. up north, workers scramble to reopen the 73-year-old bay bridge between san francisco

house approving that bill to shut out private banks and even sallie mae from the $92 billion student loan business handing it over to the department of education instead. >>> the senate is considering extending that $8,000 first-time home buyers tax credit. so far 1.4 million americans signed up for the giveback. blockbuster is shutting a thousand stores by the end of next year replacing many of them with vending kiosks in malls and grocery stores. i'm bill griffith. get all your business news on cnbc now celebrating its 20th year. >>> cleanup and investigation are under way after a home in idaho exploded. this after it appeared yesterday morning. all is left is destruction. massive explosion rocked the small neighborhood. the explosion was so powerful it decimated the house leaving only a section of the garage standing. debris blew as far away as three blocks and pieces of the structure blew into nearby holmes. one man is hurt and went to the hospital after being pulled from the rubble. >>> a massive interstate pileup in oregon when 26 motorcycles collided with two cars. the group o

the stock of sallie mae is down 4% today. >> better at the business of making loans andsy assessing risk than a banks are. it turns out this government student loan takeover is a trillion dollars over ten years. >> guarantees. >> not quite the same. >> the message is the same. it's always more government. not less. at every turn that we see, that is the message. >> that is the message. we'll talk about that message. we've got john harwood standing by. much more to come as we get under way. the stock market seeing positive economic data. dollar's stronger. commodity's lower. much to get to. esesesesesesesess >>> welcome back to cnbc's "power lunch." we just listened to president obama. let's bring in john harwood and greg knapp. let me start with you. big headlines? >> pretty elaborate warmup considering he was just getting prepped for the letterman show this afternoon. but, you know, the president was trying to drive his economic argument while pushing health care at the same time. he embedded health care in the speech. and was trying to make an integrated argument for why all the elemen