Saturday, May 8, 2010

Juan Gonzalez: Big Banks Making a Bundle On New Construction as Schools Bear the Cost

“Wealthy investors and major banks have been making windfall profits by using a little-known federal tax break to finance new charter-school construction,” Democracy Now! co-host Juan Gonzalez write in the New York Daily News. “The program, the New Markets Tax Credit, is so lucrative that a lender who uses it can almost double his money in seven years.”

See video at Democracy Now.

Reminder: Leonie Haimson gives Juan Gonzalez the Skinny Award on May 20. You are invited.(Support Class Size Matters with a $75 or $100 contribution.) Details here.

By the way, which newspaper in NYC has the most intrepid ed reporters - named Gonzalez, Kolodner and Monahan?

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