Uh . . . Conflict of Interest Maybe? Nebraska Attorney General Jon Bruning Owns Lake House With Two Nelnet Executives!

Have we as a society given up the pretense of even trying to look legitimate?!? This story is a gas. It turns out these people - the lenders and certain politicians - don't just golf together! Nope. They own houses together. Nebraska Attorney General Jon Bruning, as reported by the Omaha World Herald, owns a lake house with two Nelnet executives. How's that for a cozy relationship?

Bruning is running for U.S. Senate. He sounds like just the type of person I want on the Hill!!!

Here's the funniest quote from that article: "Nelnet is a good, homegrown company that employs hundreds of Nebraskans in good jobs," Bruning said. Haha. He forgot to mention that they make their money through usurious practices and have turned millions of educated people into debtors for life. Yeah. Great company.

The company was recently sued by a former U.S. Department of Education researcher named Dr. Jon Oberg. Oberg filed a false claims suit against Nelnet and other student lenders. He accused them of taking advantage of a loophole and essentially defrauding taxpayers of $1 billion. The case was settled with Nelnet for $57.8 million. 

A Shining Example of Good Ethics: AG Jon Bruning

Related Links*


"AG Bruning’s Ethics on Trial," Missouri News Horizon (August 29, 2011)

"Nelnet News," AEM (July 12, 2011)

"Online Corporate Whore News Reports: Nelnet's In The Resume Writin' Biz!," AEM (June 1, 2011)

"Nelnet News," AEM (May 20, 2011)

"You've got to be kidding me! Nelnet offering Financial Literacy?," AEM (February 4, 2011)

* This is just a truncated list of the pieces I've written about Nelnet. If you wish to read more on AEM about the company, do a general search for the company.