Tuesday, November 3, 2009

Sweet Dreams - Former Education Official Pleads Guilty to False-Statement Charges

I'm glad so many of our supporters wrote to the Department of Education. They put a lot of time and work into the letters, and they received really disappointing responses. Here's also a little morsel that I enjoyed reading in this WSJ article before heading off to the bed: "A former senior U.S. Education Department official pleaded guilty to conflict-of-interest and false-statement charges over his stock ownership in a student-loan company.

Matteo Fontana, the former general manager for financial-partner services in Education Department's student-aid office, held as many as 10,500 shares of Education Lending Group Inc. when he became an department employee in 2002, prosecutors said. In 2004 and 2005, he sold shares in the company and received proceeds of almost $219,000, according to prosecutors."

I guess the reporter tried to reach the Department of Education, but to no avail. I wonder how many others like Mr. Fontana still exist in the Department of Education. It also makes me wonder if those letters that our supporters received from the DoE were purposefully condescending. Are they thumbing their noses at us? I should hope not. But it's either entire silence or generic and bureaucratically cold letters. Not inspiring, and definitely not the "real change" I had voted for last November.

Sweet dreams!

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