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Friday, August 5, 2011

Wall Street Journal Reports on Hedge Fund Managers Back Channel Effort to Takeover Connecticut School District | Scathing Purple Musings

Wall Street Journal Reports on Hedge Fund Managers Back Channel Effort to Takeover Connecticut School District | Scathing Purple Musings

Wall Street Journal Reports on Hedge Fund Managers Back Channel Effort to Takeover Connecticut School District

While the WSJ doesn’t include in its story that it was a Walton Family funded group whom facilitated the relationship, it reports on the curious contact between a billionaire hedge funder and the Connecticut State Board of Education to prompt the private takeover of Bridgeport schools.

Dating back as far as January, emails referencing a state takeover of the Bridgeport public school system were exchanged between the Bridgeport Schools
Superintendent John Ramos, the state board of education head Allan Taylor,Coleman, and Meghan