Davis, a former Blagojevich fundraiser, formerly ran the Rock Island Co. of Chicago, a LaSalle Street securities firm that crashed in 2005 in part because of risky deals to buy out competitors.He wants to sell off most of the student loan portfolio, providing cash to the state up front but jeopardizing future revenue streams. While Davis does raise a good point about 75% of the student loans being to students from other states, why should we place our trust in another friend of Governor Big?
Months after the business crashed, Blagojevich appointed Davis to the loan commission. He was then promoted to the agency's top job, which pays $180,000 a year.
Friday, March 16, 2007
Friends of Rod
More friends of the governor appointed to positions of responsibility in state government. This time, as head of the Illinois Student Assistance Commission. Tribune:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment