HERE'S A LITTLE INFO I FOUND:
http://www.studentloanjustice.org/Who Did It
The list below provides information about individuals who appear to have been the most instrumental in the changes in Higher Education Act, and personally gained the most from the changes. As research continues, this list is refined. Any additional information regarding the lobbying, executive, or other pertinent activities of these individuals is welcomed, and appreciated.
1. Congressmen John Boehner, Howard “Buck” Mckeon, and Senator Mike Enzi
Boehner and McKeon sponsored the HEA legislation, and have received the most cash from Sallie Mae, and other PACS and individuals who profit from the education legislation they are pushing. Boehner was recently at a student loan industry event (The Consumer Bankers Association), where many of the attendees wrote $1,000 checks, where he was quoted as saying “Know that I hold you in my trusted hands. I’ve got enough rabbits up my sleeve”. Senator Enzi took hundreds of thousands from student loan companies and, like McKeon, used some of this money to employ family members.
2. Albert Lord and Thomas Fitzpatrick, Chairman and CEO of Sallie Mae.
Mr. Lord joined Sallie Mae in 1981, and took over as CEO of Sallie Mae in 1995, and led the company’s privatization. He and his wife, Suzanne, are by far the largest private conributors to the Sallie Mae Political Action Committee, and have donated large sums (hundreds of thousands of dollars) separately to political candidates. His compensation in 2000 was estimated by Washington Business Forward to be $2.3 million. However, in 2001, US News Reported that Mr. Lords’ compensation had skyrocketed to over $33 million. It was recently reported that Lord has made about $225 million since 1999, primarily in the form of Sallie Mae stock bonuses. Mr. Lord recently attempted to purchase a major league baseball team, with the wealth he has extracted from student borrowers through Sallie Mae. Fitzpatrick recently topped the list of highest paid CEO’s in Washington D.C.
3. Rose Dinapoli, Former Vice President of Governmental and Industry Relations for Sallie Mae
Prior to joining Sallie Mae, DiNapoli spent several years as the chief republican staff person for higher education issues on the House Education and Labor Committee as a political appointee in both the Reagan and Bush Administrations. In this capacity, she worked on both the 1986 and 1992 reauthorizations of the Higher Education Act, and numerous other pieces of legislation related to higher education. It is highly probable that this individual is most responsible for the operations of the Sallie Mae lobbying machine. Moreover, her husband, Michael Sitcov, is (or was) a Directing Attorney for the US Department of Justice. The question of how Mr. Sitcov’s influence within DOJ may have been used in support of Sallie Mae is a good one, especially given that Sallie Mae has had to defend itself in the past on matters of antitrust. Also, how much she was compensated by Sallie Mae is a subject of continuing research. Shortly after her husband made news for having practiced law for the Department of Justice for two years without a license, Mrs. Dinapoli left Sallie Mae.
I FIND THE LAST SENTENCE VERY INTERESTING.DOES THIS MEAN ANY CASE HE WAS INVOLVED WITH IS IN DEFAULT? VOID AND NULL? OR JUST SLID UNDER THE RUG!
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