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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Why the House of Representatives Doesn’t Represent Americans

One of the really weird ironies of politics these days is the huge divergence between what the American people actually want and what the radical right-wingers in Washington actually do. You won’t hear this on Fox So-Called News, but right now the American people are as progressive as they ever have been.

Don’t believe me? Just check the polls.

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