Author Alleges Bill Clinton Just Quit Education Company Because of 'Clinton Cash'
"Bloomberg Politics has obtained a chapter of the book describing what
Schweizer presents as a “troubling” co-mingling of official State
Department business with the private financial affairs of Bill Clinton
and a nonprofit run by Laureate’s chairman, Douglas Becker.
Laureate, which runs for-profit colleges, hired Clinton just as the
Obama administration began drafting tougher regulations for federal
financial aid that goes to students who attend for-profit colleges.
Around the same time, the Senate committee on Health, Education, Labor
and Pensions launched an investigation into the industry. In his book, Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,
Schweizer writes that after Bill Clinton accepted the position
at Laureate in 2010 in exchange for unspecified payment, his wife “made
Laureate part of her State Department Global Partnership.” The State
Department subsequently provided tens of millions of dollars to a
nonprofit chaired by Becker, the International Youth Foundation.
A Bloomberg examination of IYF’s public filings show that in 2009, the
year before Bill Clinton joined Laureate, the nonprofit received 11
grants worth $9 million from the State Department or the affiliated
USAID. In 2010, the group received 14 grants worth $15.1 million. In
2011, 13 grants added up to $14.6 million. The following year, those
numbers jumped: IYF received 21 grants worth $25.5 million, including a
direct grant from the State Department."
[Bloomberg]
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