Burlington College to close under weight of debt

[Henhouse]

Burlington Free Press
Zach Despart, Free Press Staff Writer 3:10 p.m. EDT May 17, 2016

Burlington College to close under weight of debt

Founded in 1972 as an informal gathering of students, Burlington College grew into a small, regionally accredited liberal arts college. But financial strain and academic probation created by an ambitious but ill-fated expansion under then-President Jane Sanders onto a new campus on prime waterfront land led to the school's demise, officials said.

https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2016/05/17/daily-202-failure-of-burlington-college-is-a-big-problem-for-bernie-and-jane-sanders/573a388c981b92a22d837b46/?tid=hybrid_collaborative_1_na--

The Sanders campaign has ignored repeated requests for comment on Burlington College’s failure. The uncharacteristic silence is telling.

[StayFrosty]

1. Where are the taxes Bernie?

[riversedge]

2. And Jane Sanders suddenly has no TV interviews since the story broke

[SidDithers]

3. It's OK. Jane got her $200K severence package before the College went bust...nt

Sid

[Henhouse]

4. Yep...$200,000.00 for running the college into the ground..not bad..n/t

[Akicita]

8. She should go into the solar energy business. She could make millions running them into

the ground.

[KingFlorez]

5. A match made in heaven

Two people who totally deserve each other.

[Henhouse]

6. Yep...Let's not let Bernie do to our party what Jane did to those kid's college...

They take what others have worked hard to build, use it to their own advantage and then walk away leaving the mess behind them for other to fix.

[Akicita]

12. Really. Our current president spent $53M on a gas station in Afganistan, hundreds of millions of

dollars lost to failed solar energy companies, billions of dollars paid out under the radar to Wall Street and the health insurance industry and many, many more. We were promised transparency and accountability and didn't get it and he gets very little criticism from our side for it. But if a business run by Hillary's opponent's wife fails, then the world is coming to an end if he is elected. Give me a break.

[lunamagica]

7. No wonder they refuse to release their taxes.

[TheBlackAdder]

9. If a college closes because it can't make installments on $10M, it was doomed anyway. #Scapegoat

[SidDithers]

10. Maybe it should never have taken out a $10M loan...nt

Sid

[TheBlackAdder]

11. And I doubt one person can solely authorize a bond debt of that magnitude. #ItTakesOthers

.


Hey, we know it's Sid writing the replies.

Does Sid like to see Sid's name more than once by signing Sid to Sid's replies?


.

[nc4bo]

13. Here's something interesting from Vermont.....

It's long and gonna take time to read through. Looks well put together.

Make of it as you may..

http://www.burlingtonfreepress.com/story/news/education/2014/08/15/financial-questions-dog-burlington-college/14117505/

[Nye Bevan]

14. Trump would be all over this if Bernie was his opponent.

The perfect counter if and when Bernie brought up Trump's business failures and bankruptcies.