>From today's DP: (emphasis added so you don't have to read the long, boring passages)
"...some colleges make agreements with credit-card companies that provide the school with a 'kickback' for each customer that applies for the card. Such agreements create a conflict of interest since the academic institution might illegitimately promote the card to their students to get the 'kickback' benefit, leading students to make misinformed financial decisions. [snip] Penn has not been investigated nor received a subpoena, according to Business Services spokeswoman Barbara Lea-Kruger. Though the University has several banking relationships - like its affiliation with PNC - its only credit-card partnership is with the Bank of America. This Bank of America "affinity" credit card, which sports the Penn logo as well as a photo of the Quadrangle, is available to anyone affiliated with Penn, but is mostly used by alumni. Bank of America contributes money toward Penn student and alumni programming for every account opened and every purchase made." Hmmm. Let's see. Penn doesn't get a kickback from BofA. But BofA "contributes money toward Penn student and alumni programming for every account opened and every purchase made." This contributes to confusion about what the definition of "contributes" is. Not to mention the ethics of the anointed. Remember, you read it first here, on the popu-list , Al Krigman **************Create a Home Theater Like the Pros. Watch the video on AOL Home. (http://home.aol.com/diy/home-improvement-eric-stromer?video=15?ncid=aolhom00030000000001)
