From the 'Heard it First on FUMO' File: Sale by Blunt, MOGOP Induced First MOHELA Loss in 27 years

Teased a couple weeks ago by ArchCityChronicle, today we see a sad story from The Journal of Webster University:

The Missouri Higher Education Loan Authority recorded its only loss in
its 27-year history, MOHELA announced in late January. During the first
half of the fiscal year, MOHELA lost $6.9 million. To offset part of
its losses, MOHELA will cut 23 jobs, said Ray Bayer, Jr., chief
executive and executive officer.

Back in early December 2007, we wrote:

...Blunt went ahead and forced his
sale through the legislature despite grave concerns about how it might
affect the agency's continuing survival.  It now appears as though many
of those fears have been realized.

MOHELA
leaders are reportedly slashing to the bone, urging employees to quit,
refusing to fill in-house jobs that open because of attrition and even
scrutinizing borrower benefits for possible cutbacks.

To get a full sense of the vast success of the Matt Blunt administration, consider that the MOHELA sale was his crowning legislative achievement.  

If you're wondering who'd be coming up with brilliant ideas like the MOHELA sale in a (fictional) Hulshof administration, remember that the man who dreamed up the loan agency sale, Rob Monsees, is an alumnus of Kenny's legislative shop in Washington D.C.