Fraud U: NPR’s Window Into How the State Supports the Tuition Bubble

Try to remember back in the ancient history of 2006 and 2007 (which shouldn’t be that hard not only because it wasn’t that long ago but because we’re about to re-live it). The housing bubble was helped along by the work of the “rubber-stamp agencies” “ratings agencies.” Organizations like Standard & Poor’s and Moody’s were treated as neutral observers rather than as private companies trying to make profits in the market. They gave the housing bubble a layer of illusion that Read more […]