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Current Events => General Discussion => Topic started by: bijou on March 04, 2009, 01:39:55 PM

Title: Loan Charity's High-Flying Guests Exposed
Post by: bijou on March 04, 2009, 01:39:55 PM
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(CBS)  Educap is a multibillion-dollar student loan charity run by CEO Catherine Reynolds. As CBS News Investigative Correspondent Sharyl Attkisson reported Monday night, Educap is under investigation by the IRS and Congress for alleged abuse of its tax-exempt status because it charges high interest on charitable student loans, and provides lavish perks with millions in compensation for Reynolds and her husband.

CBS News has obtained exclusive details of what may have been the biggest charity perk: use of Educap's $31 million luxury jet, which costs thousands of dollars an hour to operate.

Investigators say for five years, Reynolds jetted friends, family and luminaries to faraway and exotic destinations that sometimes had little to do with the charity's mission.

CBS News has learned that high-profile names on the Educap flight list include CIA Director Leon Panetta, former Sens. Tom Daschle and Ted Stevens, former FBI Director William Sessions and Chicago Mayor Richard Daley.  ...
http://www.cbsnews.com/stories/2009/03/03/eveningnews/main4841768.shtml
Title: Re: Loan Charity's High-Flying Guests Exposed
Post by: docstew on March 04, 2009, 01:48:45 PM
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high-profile names on the Educap flight list include CIA Director Leon Panetta, former Sens. Tom Daschle and Ted Stevens, former FBI Director William Sessions and Chicago Mayor Richard Daley.

I could die from the shock that this list contains only one Republican, Ted Stevens, and mentions his corruption conviction.  Are they saying this list of pols is comparable to one guilty of corruption?  Could birds of a feather flock together?
Title: Re: Loan Charity's High-Flying Guests Exposed
Post by: JohnnyReb on March 04, 2009, 02:45:10 PM
  Could birds of a feather flock together?

If we tarred and feathered them right, they would.
Title: Re: Loan Charity's High-Flying Guests Exposed
Post by: RightCoast on March 04, 2009, 05:01:10 PM
I'm shocked.  :whatever: