Friday, April 06, 2007

More ReThug Corruption

Boy, that Bu$hCo sure classed up the Executive Branch, eh?

The federal Education Department said this afternoon that it had placed a senior official on leave, following disclosures on Thursday that he held stock in a student loan company, even as he had helped oversee lenders in the federal student loan program.

The official, Matteo Fontana, is general manager in a unit of the Office of Federal Student Aid and has been an employee of the office since November 2002. A prospectus for a 2003 stock offering for the Education Lending Group, a student loan company, showed that Mr. Fontana held and planned to sell shares in the company valued at about $100,000 in the offering.

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