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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How much did "fast track" cost the corporate elite?

It cost corporations less than $18,000 bucks per vote to get “fast track” passed in the United States Senate.

According to a recent analysis by The Guardian Newspaper, corporate members of the US Business Coalition for TPP donated more than $1.1 million dollars to Senate campaigns in the first quarter of 2015. The average Democrat received about $9,700 dollars and the average Republican raked in almost $20,000.

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