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Tue Jun 24, 2014, 02:10 PM

RAVITCH: U.S. Dept. of Ed. Bails Out Failing For-Profit College Chain

This makes me wonder if the Obama administration cares about the party winning anymore elections or offering voters a choice at all.

This is the kind of blatant crony-care I would have expected from the Bush administration.

These guys get a bailout--how about the students who took out massive loans to go to these scam colleges, or even bailouts for students who took out massive loans to go to regular private and public colleges?

Washington seems to have taken Grover Norquist's words to heart and put their own spin on it. They want the MIDDLE CLASS to be weak enough that they can drown it in the bathtub.

But no misdeed of the wealthy can go unrewarded. If they are too incompetent to make more money from us directly, then they can get a bailout until the figure out how to steal properly.


Peter Greene comments here on the U. S. Department of Education's decision to bail out Corinthian Colleges, Inc., a for-profit chain.

Not so long ago, the U.S. DOE pledged to monitor predatory for-profit colleges. Not so, it seems. Not now.

Greene writes:

"Corinthian has a somewhat checkered past. Okay, checkered might be generous. They have grown prodigiously since being founded in 1995, acquiring around twenty other post-secondary institutions from Duff's Business School to the American Motorcycle Institute. They operate the Everest College chain, plus a few others. They've been called "the nation's worst private college chain" and have been sued more times than anybody seems to be able to count. The State of California in particular seems to be intent on driving them out of business, charging them with the usual predatory practices of marketing to poverty-level folks with promises of careers that never appear. This would also be the chain who got caught (by Huffington Post, of all people) hiring their own grads to keep their grad-employment numbers up.

They are, in short, exactly the kind of for-profit college that the feds said they were going to shut down."


The announcement was made by Ted Mitchell, Undersecretary of Education, who served previously on the boards of for-profit education institutions and was CEO of NewSchools Venture Fund, which is a major supporter of privatization efforts.

dianeravitch | June 23, 2014 at 2:30 pm | Categories: Education Industry, For-Profit, Higher Education | URL: http://wp.me/p2odLa-89G

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Reply RAVITCH: U.S. Dept. of Ed. Bails Out Failing For-Profit College Chain (Original post)
yurbud Jun 2014 OP
Doctor_J Jun 2014 #1
Scuba Jun 2014 #2
yurbud Jun 2014 #3
Scuba Jun 2014 #4
blkmusclmachine Jun 2014 #6
yurbud Jun 2014 #7
KoKo Jun 2014 #9
blkmusclmachine Jun 2014 #5
KoKo Jun 2014 #8

Response to yurbud (Original post)

Tue Jun 24, 2014, 02:36 PM

1. another disastrous deed perpetrated by this president

 

Probably the most corporate friendly and people unfriendly since Hoover. As for the party winning elections, if these trade deals pass, the US government won't mean that much anyway. Plus he self identifies as a moderate republican.

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Response to yurbud (Original post)

Tue Jun 24, 2014, 07:29 PM

2. They should provide free K-Y Jelly when they pull this shit.

 

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Response to Scuba (Reply #2)

Tue Jun 24, 2014, 07:31 PM

3. every corporate Democrat in Congress should be primaried and replaced and...

we should not accept another DLC presidential candidate.

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Response to yurbud (Reply #3)

Tue Jun 24, 2014, 07:43 PM

4. +1

 

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Response to yurbud (Reply #3)

Wed Jun 25, 2014, 05:17 AM

6. Hillary would be no better than Obama. Worse, maybe.

 

Clinton/Cuomo 2016:
"You don't need no stinkin' choices"

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Response to blkmusclmachine (Reply #6)

Wed Jun 25, 2014, 05:30 PM

7. somewhere in the bubba--Obama range at best

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Response to blkmusclmachine (Reply #6)

Wed Jun 25, 2014, 06:11 PM

9. Our Democratic Party "Grand Poo-Bah's" Didn't Build Party....they figured it would be

Obama and then Clinton II. Where is the Grooming and support for Fresh Faces? Who did the Obama Team support to take the Next Baton. Where is the GROWTH in Dem Ideals that would have had us with more than Clinton II?

We were "Had."

But...as they tell us...It was better than McCain/Palin/Romney! The lesser of evils because the DYNASTY was waiting in the Wings.

Does it matter if it's Hillary or Jeb Bush, anymore?

I can't see a difference at this point. I thought we'd maybe have a strong Third Party Challenger waiting in the wings by this time. But, it's easy to see how this is all working out.

It's going to take some time to dig us out of this. So, we've got to get to the polls and try to find what we can scrape together to vote for in our own Communities. (That isn't so easy these days, either, because support doesn't come from the Top of our Party for these efforts with the money).

Not giving up hope that we the people down here on the bottom can't turn things around...but, probably not in time for 2016 Presidential.

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Response to yurbud (Original post)

Wed Jun 25, 2014, 05:14 AM

5. Washington DC is a racket

 

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Response to yurbud (Original post)

Wed Jun 25, 2014, 05:58 PM

8. As we used to Say during Bush II Years: "The HITS JUST KEEP COMING!"

He's going for broke these days. I guess its the stress of trying to deal as a "Bi-Partisan" President.

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