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July 19, 2012 8:00 am ET
Steven J. McGarry - Senior Vice President of Investor Relations
Albert L. Lord - Vice Chairman, Chief Executive Officer, Member of Executive Committee and Member of Strategy Committee
Jonathan C. Clark - Chief Financial Officer, Principal Accounting Officer and Executive Vice President
John F. Remondi - President and Chief Operating Officer
Michael Tarkan - Topeka Capital Markets Inc., Research Division
Mark C. DeVries - Barclays Capital, Research Division
Bradley G. Ball - Evercore Partners Inc., Research Division
Scott Valentin - FBR Capital Markets & Co., Research Division
Moshe Orenbuch - Crédit Suisse AG, Research Division
Sameer Gokhale - Keefe, Bruyette, & Woods, Inc., Research Division
Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division
Jordon Neil Hymowitz - Philadelphia Financial Management of San Francisco, LLC
Good morning. My name is Nicole, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sallie Mae Second Quarter 2012 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Mr. Steve McGarry, Senior Vice President, Investor Relations. Sir, you may begin.
Steven J. McGarry
Thank you very much, Nicole. Good morning, everybody, and welcome to our second quarter earnings call. With me today are Al Lord, our Chief Executive Officer; Jack Remondi, President and COO; and Jon Clark, our CFO. After their prepared remarks, we will open up the call for questions.
But before we begin, let me remind you that in our discussion, we will make predictions, talk about expectations and forward-looking statements. Actual results in the future may be materially different from those discussed here. This could be due to a variety of factors, and listeners should refer to the discussion of those factors on the company's Form 10-K and other filings with the SEC.