ABS issuance slowed to a crawl since the last press time, yielding just a $1 billion Sallie Mae deal on Feb. 22, and a $180 million ratepayer-backed ABS last Thursday.

Those investors who did not abstain from buying the SLM Student Loan Trust 2008-3 altogether either made the issuer pay up or they vented dissatisfactions about inadequate deal transparency.

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