Archive for October 2nd, 2014

How politics, high cost of education and credit ratings have messed up a Law School and its students..

October 2, 2014

Mark Pullam of City Journal has this worrisome tale of Thomas Jefferson School of Law in San Diego. The school is about to default on $133 mn of tax-exempt bond. I mean how messed up things become when the core purpose of anything is defeated and in this case it is law school.

Just replace law school with any big financial firm and add a few more zeroes, the story is not anything different. How the school got tax exemption on its bonds and fancy credit rating which got many investors interested. And then all collapsed:

(more…)

Advertisements

%d bloggers like this: