Ah, who cares. Daschole is both:
Some wept. Others headed out for drinks and chocolate waffles.â€
So the Washington Post reported in August of 2007, when EduCap, a “nonprofit company,†laid off “scores†of employees two weeks after Congress opened investigations into the loan firm, “which has been a financial boon for its chairman and her family. The company says it has helped students pay for college, but critics say its nonprofit status has not resulted in better loans for students.â€
From that same 2007 Washington Post story we learn that:
The layoffs come two weeks after The Washington Post detailed how EduCap’s spending practices have benefited its chairman, Catherine B. Reynolds, whose annual compensation has totaled about $1 million. The nonprofit company, which is exempt from paying federal income tax, bought a Gulfstream jet worth about $30 million for her use and donated millions to a nonprofit organization run by her husband.
According to accounts from more than a dozen current and former EduCap employees, the company laid off at least half of its workers yesterday and said most of the remaining staff would soon lose their jobs. Some executives announced to workers yesterday that the company was “going dark†and might get out of the loan business soon, the employees said. Others familiar with EduCap’s operation confirmed that Reynolds has been trying to get out of the loan business.
Today Congress is considering EduCap again, as the Senate Finance Committee looks into secretary of Department of Health and Human Services nominee Tom Daschle’s ties to the firm. Senate staff are investigating “whether Mr. Daschle should have registered as a lobbyist while working at the law firm Alston & Bird, which itself was registered as a lobbyist for EduCap and for many health care companies,†the New York Times reported over the weekend. His financial-disclosure report indicates that Daschle received more than $5,000 for providing EduCap with “policy advice,†though we do not know the exact amount.
Add that to the $140,000 in taxes Daschle chose not to pay. If Nexis searches are any indication, the Obama administration might want to cut their losses and drop Daschle as their HHS nominee immediately.
http://article.nationalreview.com/?q=ZWI5NmFjMTI3MWQ4ZTU0MTZiYzE5NjE2NDg1YjE0ZmQ=Of course we all know Pony McHope-coke has a strict "no lobbyists" rule for his administration.
