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“[N]one of this is unexpected. Rather, we refused to heed the warning signs, especially in the form of disproportionate rates of student loan defaults in the for-profit sector.”

Well. Now that the tax syphons have syphoned up our taxes and subjected a population used to exploitation to yet more exploitation, what’s next? Goldman Sachs has made its money on the for-profit ed scam and will no doubt soon be getting the hell out while the getting’s good. Goldman Sachs stands at the opposite end of the social spectrum from the exploited masses. Goldman Sachs knows what’s what, and is unhampered by morality.

As for the suckers left holding the bag (you, me, and the students of for-profit schools): I’m sure Lloyd Blankfein has a little lecture to give us all on how markets operate.

Margaret Soltan, May 7, 2015 8:15AM
Posted in: CLICK-THRU U.

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