Art Institute students in Seattle: victims of a predatory Goldman Sachs subsidiary?
We've seen the Occupy Seattle demonstrations at Westlake, vaguely protesting the Wall Street bailouts. "Ragtag, bongo-playing hippies without a cause," the folks at Fox are saying. Well, here's something specific you can all talk about: the Goldman Sachs subsidiary Education Management Corporation.
Cornichon first revealed the connection between Goldman Sachs and the predatory, for-profit EMC in this post over a year ago. Since then, the issues have continued to fester.
The Associated Press ran stories last month about students in San Francisco suing their culinary schools for making misleading promises about employment after graduation.
Huffington Post's Chris Kirkham has plenty of hair-raising details in a long, long post this morning.
Earlier this year, a Kirkham post pointed the finger at the Obama administration for "caving" on regulations that would have tightened the rules regarding for-profit education.
That's something specific the #OccupyWallStreet and #OccupySeattle demonstrators should be shouting about. That's a drama we can all understand, villains and victims alike.
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