… the Finance and Investment Advisory committees is bankrupt.
… Faylene Owen and her husband Larry Owen filed for bankruptcy protection in December. Some colleagues say Trustee Owen should step back from some of her leadership roles. Court documents show her million dollar East Lansing home is in foreclosure, and she and her husband owe more than $100,000 in taxes…
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Update: A couple of reactions to the story from locals. The first one, from a comment on an article in the Lansing State Journal, is mainly of interest to Scathing Online Schoolmarm:
Perhaps those that live in glass houses should not be heaving stones. … Those that publicly attempt to drag her through the proverbial “mud” only resurrect the historical predisposition of the MSU family to provide fodder to its detractors.
Only two sentences, but they manage to do so much — insanely mixed metaphors, absolutely pointless quotation marks, and, overall, a spectacular combination of pomposity and idiocy.
Here’s another response, from an MSU student:
Both the State News editorial board and Larry Owen attempt to group the Owens in with the thousands of working Michigan families who are facing bankruptcy and other financial troubles. How ridiculous! As Michigan workers lose their jobs, face layoffs and have their salaries slashed, the Owens reported their monthly expenditures are more than $7,000. The Owens are a classic example of greed and corruption gone awry and are not to be confused with the real victims of Michigan’s current financial recession.
Ah. That’s better. Unlike the first writer – probably a member of MSU’s board of trustees – this college junior can think and write.
January 14th, 2010 at 1:09PM
Bear in mind that MSU trustees aren’t like the great majority of university trustees — they’re publicly elected.