Thursday, June 12, 2014

Elizabeth Warren Faces Right-Wing Stooge: Here’s Who’s Quietly Funding Her Top Critic

www.alternet.org/economy/elizabeth-warren-faces-right-wing-stooge-heres-whos-quietly-funding-her-top-critic?page=0%2C0
"But the more troubling donation to Chingos’ research is the $500,000 grant from the Lumina Foundation, because of its ties to Sallie Mae, the nation’s largest provider of private student loans, and a leading student loan servicer through its subsidiary Navient. Lumina was  created in 2000, when USA Group, then the largest administrator of private student loans, sold the bulk of its assets to Sallie Mae, and restructured the rest into a private foundation. The founding chairman of Sallie Mae became the founding chairman of the Lumina Foundation, and four directors of Lumina come from the Sallie Mae board."