Grassley Pursues Possible Links Between Veterans Administration and Short Sellers

Senator Charles Grassley (R-IA) has written to the heads of the U.S. Department of Veterans Affairs (VA) and the Securities and Exchange Commission seeking information on allegations that a senior VA official named Charmain Bogue may have disclosed inside information useful to Wall Street short sellers.

Senator Charles Grassley

Ms. Bogue is married to Barrett Bogue who works for an outside group called Veterans Educational Success (VES), a critic of for-profit colleges. On March 9, the VA issued a press release announcing its intent “to suspend enrollment of new GI Bill students” in certain for-profit schools.

VES beat the VA to the punch on the news, which tanked the stocks of several for-profit education companies. VES issued a press release earlier in the day praising the VA decision before it was actually announced. The VA ultimately backed off its threat to bar certain schools, but the question persists of just … Read More ➡

Biden’s NSA, Veterans Affairs Nominees Scrubbed Website of Foreign Connections

VA Nominee Denis McDonough

From the Washington Free Beacon by Yuichiro Kakutani:

A consulting firm linked to incoming Biden officials removed references to its foreign dealings in the closing weeks of the election.

Both Jake Sullivan, President-elect Joe Biden’s incoming national security adviser, and Denis McDonough, Biden’s pick to run the Department of Veterans Affairs, have served as partners at Macro Advisory Partners, a consulting firm that says it helps clients manage geopolitical risk.

Until early November, the firm advertised its work helping a financial services company expand into the Middle East, according to archived versions of the website. The firm said it helped its clients manage the “geopolitical and economic volatility” in Middle Eastern markets by drawing on the extensive policy expertise of Macro Advisory Partners employees.

“The intersection of geopolitics, policy and politics is defining the long-term prospects for financial services in the Middle East,” the website said … Read More ➡

Are For-Profit College ‘Critics’ Up to Their Old Tricks?

Charmain Bogue

About a decade ago, NLPC confronted a network of forces with undisclosed financial interests and ideological motives set out to destroy an entire industry.

They launched a campaign targeting companies who engage in the business of higher education because they earn profit and compete with the much larger traditional non-profit schools. The campaign included a lengthy Senate inquiry, complete with controversial hearings and over-hyped government reports like the “hatchet job” that the U.S. Government Accountability Office (GAO) had to take the virtually unprecedented step of correcting.

At the time, NLPC was critical of Senator Tom Harkin (D-IA) and his staff for working with officials in the Obama administration’s Department of Education and outsiders seeking to profit from their effort to destroy for-profit colleges.

So, naturally it piqued our interest to learn that some of the old players appear to have been running the same playbook, this … Read More ➡