Mafiocracy in action
News item:The Education Department’s inspector general is investigating Wall Street short sellers’ role in strict new regulations of the for-profit college sector, sources confirm to The Daily Caller.
The investigation could reveal the extent to which the investors, who are hoping to profit when the for-profit firms’ stock goes down, influenced the process or received advance knowledge about regulatory actions by the department.
The for-profit schools, also called career colleges, are on the block for strict new rules following complaints they often trick unprepared students into enrolling with false promises of high wages from the jobs they’ll get after graduation.
Sens. Tom Coburn, Oklahoma Republican, and Richard Burr, North Carolina Republican, sent a letter requesting the investigation to Education Department Inspector General Kathleen Tighe Nov. 17.
Having taught at two for-profit vocational schools, I have mixed feelings on this.
On one side, the schools do stretch facts when recruiting students, and don't try to deselect or discourage students who are highly likely to fail**. It's not exactly fraud but it does waste the money of the 'wrong' students and waste the time of the 'right' students. Not nearly as much distraction as you get in public schools, but still more than the 'right' students deserve.
On the other side, these practices have been running for 50 years without any federal trouble. The sudden "need" for new regulations is unquestionably caused by the Jewish Mafia's "need" to steal infinite amounts of undeserved and unearned MONEY MONEY MONEY MONEY MONEY MONEY.
I wonder: Has there ever been a Federal regulation that was NOT motivated by the Jewish Mafia's "need" for a criminal profit opportunity?
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** Example: In my Electronic Tech classes, I had one student with a bad tremor and another with one arm. Tech work requires two steady hands. No way around it. This was in the 80's, before the ADA transformed disabled folks from workers to litigators, so there wasn't any legalistic excuse to take their money. After a few weeks these guys did realize it wasn't a good idea, but they didn't get a refund.