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AID |
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| commonly known as Sallie Mae, also agreed to pay $2 million into a fund to educate students and parents about the financial aid industry, and it will adopt a code of conduct created by New York Attorney General Andrew Cuomo, who is heading the probe. Unfortunately, the foreign aid industry is still in the business of building Edsels. In a Cato Institute policy briefing last fall, Dichter, the author of Despite Good Intentions: Why Development Assistance to the Third World Has Failed, also noted: "Whereas a large corporation cannot lose money forever without facing some consequences, the aid industry has gone on for 60 years with hardly anything to show for the two trillion dollars it has spent (something it does not really bother to deny), and yet it is still very much in business. |
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Aid industry
