Barack Obama And The University of Phoenix

 

Barack Obama And The University of Phoenix: [Opinion]

"Arne Duncan was Obama’s Education Secretary. They were basketball buddies. They had a scheme that was opposite of the 'Pump and Dump' somewhat like what Mitt Romney was doing. Obama and Duncan put mass regulations on the University of Phoenix and the stock tanked. Then the two of them along with a few others bought the University of Phoenix, then deregulated it. Then the stock blew up. If a Republican did that it would be a WORLD SCANDAL. 

What else do you expect from a CHICAGO politician...???"

#ArneDuncan #BarackObama #UniversityofPhoenix #MartyNesbitt #TonyMiller #DepartmentofEducation

Bid to buy for-profit college by former Obama insiders raises questions 

"As the Obama administration cracks down on for-profit colleges, three former officials working on behalf of an investment firm run by President Barack Obama’s best friend have staged a behind-the-scenes campaign to get the Education Department to green-light a purchase of the biggest for-profit of them all — the University of Phoenix.

The investors include a private equity firm founded and run by longtime Obama friend Marty Nesbitt and former Deputy Education Secretary Tony Miller. The firm, Chicago-based Vistria Group, has mounted a charm offensive on Capitol Hill to talk up the proposed sale of the troubled for-profit education giant, which receives more than $2 billion a year in taxpayer money but is under investigation by three state attorneys general and the FTC."

Obama’s Best Friend’s For-Profit University Faces Federal Investigation

• University of Phoenix has close ties to former President Barack Obama and his administration, which issued strict regulations against such for-profit colleges.
• The university’s parent organization is still facing a federal investigation two years after Obama’s best friend purchased the company.
• The purchase took the company private, meaning updates to the investigation would no longer be made public.

Idaho AG drops ‘transparency’ lawsuit over University of Phoenix deal