Results tagged “Hedge fund”

There's Gold In Them Charters!

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VIA Democracynow: "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."

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05 2010

The latest accessory for hedge funders: Charter schools

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Rough economy holdin' you down? Tired of taxes, taxes, taxes? Start a charity or charter school -- it really works! That's what partners at Gotham Capital did, along with a number of other hedge fund managers and analysts. They even joined something called the "Success Charter Network" (so you know it's good). And while "real" public schools were facing massive layoffs, they're now hiring! Jim Horn at schoolmatters wonders aloud if giant tax credits, lucrative land deals and all-you-can-eat bond bundles have anything to do with the sudden interest in education.

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12 2009
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