Author Topic: Loan Charity's High-Flying Guests Exposed  (Read 1237 times)

0 Members and 1 Guest are viewing this topic.

Offline bijou

  • Moderator
  • Hero Member
  • *****
  • Posts: 8937
  • Reputation: +336/-26
Loan Charity's High-Flying Guests Exposed
« on: March 04, 2009, 01:39:55 PM »
Quote
(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



Offline docstew

  • Hero Member
  • *****
  • Posts: 4741
  • Reputation: +282/-187
  • My Wife is awesome!
Re: Loan Charity's High-Flying Guests Exposed
« Reply #1 on: March 04, 2009, 01:48:45 PM »
Quote
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?

Offline JohnnyReb

  • In Memoriam
  • Hero Member
  • *****
  • Posts: 32063
  • Reputation: +1998/-134
Re: Loan Charity's High-Flying Guests Exposed
« Reply #2 on: March 04, 2009, 02:45:10 PM »
  Could birds of a feather flock together?

If we tarred and feathered them right, they would.
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline RightCoast

  • Hero Member
  • *****
  • Posts: 3438
  • Reputation: +185/-24
  • Semper Fi means more than most will ever know
Re: Loan Charity's High-Flying Guests Exposed
« Reply #3 on: March 04, 2009, 05:01:10 PM »
I'm shocked.  :whatever:
nine eleven is a car
nine one one is an emergency service
September 11, 2001 was an attack
Never Forget, or Minimize.