Latest News and Comment from Education

Thursday, February 7, 2013

Schools Matter: When Will Justice Go After the Education Frauds?

Schools Matter: When Will Justice Go After the Education Frauds?:


When Will Justice Go After the Education Frauds?

The U.S. Justice Department has filed charges against Standard and Poors to recover billions of dollars that were lost and destroyed along with jobs, homes, families, and much needed tax dollars.  S&P AAA ratings on "junk" otherwise known as Collagerialized Debt Obligations or Collateralized Mortgage Obligations, Credit Default SWAPS, whatever, led to the Great Recession, Depression, financial fiasco, whatever.

Ok, it's a start. The $5 billion in penalties S&P will have to pay in fines will come in handy to invest in the desperately starving public schools that S&P's parents, McGraw Hill and their competitors have helped  destroy over the past ten years