Charter Schools’ New Cheerleaders: Financiers

[tonysam]

I don't think they are "new" on the scene, NYT:

When Attorney General Andrew M. Cuomo wanted to meet certain members of the hedge fund crowd, seeking donors for his all-but-certain run for governor, what he heard was this:
That would be Joe Williams, executive director of a political action committee that advances what has become a favorite cause of many of the wealthy founders of New York hedge funds: charter schools.

Wall Street has always put its money where its interests and beliefs lie. But it is far less common that so many financial heavyweights would adopt a social cause like charter schools and advance it with a laserlike focus in the political realm.

Hedge fund executives are thus emerging as perhaps the first significant political counterweight to the powerful teachers unions, which strongly oppose expanding charter schools in their current form.

NYT

Just think how K-12 is going to be if these crooks have their way. They are already running scams in the for-profit degree mill industry.

[proud2BlibKansan]

1. Making money off of kids

Absolutely revolting.

[mzteris]

2. don't teachers get paid?

Sorry - that was really flip and not meant in the way that you all will probably take it :eyes:

[Hannah Bell]

3. not new. in since the idea was hatched. nyt knows it, too.

http://www.nytimes.com/2009/12/06/fashion/06charter.html