Schooling in the Ownership Society: Was Sec. Duncan playing ball with the hedge-funders?

Schooling in the Ownership Society: Was Sec. Duncan playing ball with the hedge-funders?

Was Sec. Duncan playing ball with the hedge-funders?

by Mike Klonsky

Eisman

Sen. Grassley's investigation of the DOE

Iowa Republican Sen. Charles Grassley is investigating whether Education Department officials, including Arne Ducan himself, disclosed confidential government information to hedge fund managers. Whether or not the investigation is in part an attempt by Grassley to protect friends in the notorious for-profit student loan industry, remains to be seen. But there are indications that someone in the top-levels of the DOE was leaking info to hedge-fund short-sellers like Steve Eismanabout which of the student-loan profiteers was going to be targeteEid by Duncan's agency.

NYT Deal B%%k writer Ben Protess says:

Expecting tough new rules in the wake of the controversy, Mr. Eisman and other hedge fund