Wednesday, November 10, 2010

Goldman Sachs Gets Serious About (profiting from) Charter Schools

Well, well, well, if it isn't Goldman Sachs getting into the public, I mean private, I mean charter school business:

From a press release on Market Watch (I found this thanks to a post on Schools Matter):
"Providing financing for charter school facilities that benefit low- and moderate-income families is a critical component of the firm's commitment to comprehensive community development," said Alicia Glen, Managing Director and Head of the Urban Investment Group at Goldman Sachs. "To date, the Urban Investment Group has committed approximately $150 million for charter school facilities in New York and New Jersey, and we are thrilled to partner with LISC, who has been a leader in charter school finance."
Just a few weeks ago, Dana Goldstein reported on the Teach for America-Goldman Sachs Summer Internship Program. So much for encouraging those brand new teachers to learn and reflect about, say, quality teaching during the summer.

Too bad this, or now any, analogy won't show up on the SATs:

Goldman Sachs is to quality education for low and moderate income kids as BP is to a healthy eco-system in the Gulf of Mexico.

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