First it was Goldman Sachs – now it’s the Education Management Corporation.

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A former executive turned whistle-blower revealed widespread abuse at the Education Management Corporation – the nation’s second largest for-profit college corporation. According to the whistle-blower lawsuit – the company is “motivated by profit rather than student success or rankings,” and routinely engaged in predatory lending, pushing loans on students the company knew couldn't afford them.

It’s basically the same sort of predatory lending that inflated the housing bubble. And with outstanding student loans nearing one trillion dollars – the student loan bubble may be the next to burst. Here’s the kicker – Education Management Corporation is partially owned by Goldman Sachs. Fool me once, shame on you – fool me twice, then it’s time to crack down on the Wall Street crooks.

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Thom Hartmann A...
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First Columbia took on their drug lords, now they're taking on their billionaires...why can't we?

America’s billionaires are driving this nation’s poverty epidemic. But it doesn’t have to be that way.

As we speak, working-class Americans are getting screwed over by policies that favor the wealthy elite, and leave everyone else in the dust. As a result, more and more Americans are living in poverty.

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