How does one become the recipient of Obama’s cronyism? Apparently, an alternate path to massive campaign donations (à la Solyndra) is being involved in massive scandal. Such is the case with Aspire Resources, who last month became one of the primary collection agencies for government student loans (a trillion dollar industry, before those “greedy” banks handled both the loans and collection thereof). Obama, in what some considered an attack on capitalism, and others a downright unconstitutional act, took over the student loan industry in 2009.
What scandal was Aspire Resources involved in?
With a little digging we found Iowa Student Loans (ISL), the non-profit arm of Aspire Resources, was mired in scandal just months before Obama won the Presidency.
From a 2009 article in the Higher Education Watch:
“A report released last fall by Iowa’s Attorney General Tom Miller demonstrates how ISL officials carried out this strategy. According to the report, the agency’s leaders pursued a concerted strategy to steer students in the state to its most expensive private student loan products. Among other things, the AG found that ISL had provided kickbacks to colleges that recommended its private “Iowa Partnership Loans” to their students; gave financial rewards to their employees based on the number of private loan borrowers they secured; paid bonuses to staff members at the college access centers they managed based on the number of borrowers they brought in; falsely advertised its private loan products as the “lowest cost” options available; and routinely failed to advise students and their families to exhaust their federal student loan eligibility before taking out private loans.”
Maybe Darrell Issa should take a few days off from Fast and Furious and investigate how a scandal-ridden company got a multi-billion dollar contract with the U.S. government.
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Footprints in the Sand
One night I dreamed I was walking along the beach with the Lord.
Many scenes from my life flashed across the sky.
In each scene I noticed footprints in the sand.
Sometimes there were two sets of footprints,
other times there were one set of footprints.
This bothered me because I noticed
that during the low periods of my life,
when I was suffering from
anguish, sorrow or defeat,
I could see only one set of footprints.
So I said to the Lord,
"You promised me Lord,
that if I followed you,
you would walk with me always.
But I have noticed that during
the most trying periods of my life
there have only been one
set of footprints in the sand.
Why, when I needed you most,
you have not been there for me?"
The Lord replied,
"The times when you have
seen only one set of footprints,
is when I carried you."
Does the pres care anything about America
NO, they are as liberal as this president. Any of the press that does print or report the truth is attacked by the left. It is sick.
Even a modicum of research into whence the usurper came will prove he has no intrinsic American values and, if not moreover, five days before he was elected he very emphatically and proudly told America and the World he indended to “fundamentally transform the United States of America”.
No
I would expect nothing less from a bunch of Chicago Thugs led by Obama the Usurper, and his puppet Eric Holder. I equally blame the do nothing, professed to be, conserative Republicans who sit idly by and do nothing.while Obama and Eric Holder purposely ignores the rule of law and marches steadily toward a Marxist-Socialist form of government. Remember the people we trusted at election time and send them on the way to enjoy the spoils that they have rewarded themselves by being a part of the most corrupt political machine to have ever came to power in this great country.
Timothy Bottaro is the chairman of the board of Aspire and Obama delegate
I just want to know WHEN is all of this corruption going to stop??
Only if/when “We the people…” have had enough to revolt en masse and physically remove Obama et al from power.
WOW! How about that another cronyism story and the congress is sucking wind again…I will say one thing about the Fraud in the WH, he sure did study his scam sheet before he was foisted upon the dupes….