City Places Investors Ahead of Kids With Social Impact Bonds

by Graham H. Cox last modified 2014-11-04T18:16:43-04:00
"If there’s one thing we know about Wall Street, it’s that most Wall Street firms are not in the business of philanthropy. Yet the city is about to enter into a $30 million agreement with several Wall Street lenders to finance an early education program that from all appearances will allow banks to profit off the educational success of children with almost no risk to their own bottom lines."
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