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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 1:11 pm 
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mdiehl wrote:
Rubbish.

what's rubbish ?
Her method or a fictitious altruistic excuse of her washing the numbers?

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 1:20 pm 
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The rubbish part is where the college's demise is blamed on Ms. Sanders. A "college" with a "non traditional curriculum" and maximum enrollment of 70 students, founded in 1972, was already failing. Sanders acquired a significant asset for the college. Doubtless the asset will be sold. It's fungible. Given the location, it will almost certainly result in a win for whomever owns the college's assets (it is a private college) and the creditors will be compensated.

The problem with BurlC is that 70 students is scarcely enough to sustain a single department, much less a multiple curriculum program that even branched out into Master's degrees. That's why the college was neither academically nor financially sustainable.

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 1:25 pm 
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mdiehl wrote:
The problem with BurlC is that 70 students is scarcely enough to sustain a single department, much less a multiple curriculum program that even branched out into Master's degrees. That's why the college was neither academically nor financially sustainable.

in that case, yes.....agreed ..... I misinterpreted your response....

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 1:31 pm 
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My bad. Sorry.

What she attempted to do is actually a very "old school" approach. Acquire some land. Build the institution. Pretty much every major U in the United States started out land rich and enrollment-poor. But with a bogus curriculum trying to do nothing well and too much for everyone, especially given that there were plenty of established highly-regarded campuses in the Burlington area, the prospects were dim.

With that land and in her shoes, I'd have courted U.Vt.-Burlington to rent the space (or other renters) and focused on ONE needed but underserved curriculum. But what that would be I don't know. A veterinary school?

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 1:45 pm 
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Quote:
Given the location, it will almost certainly result in a win for whomever owns the college's assets (it is a private college) and the creditors will be compensated.


Yes. I am sure the trustees are turning cartwheels with joy. Maybe they can buy Dartmouth with the "profits".

A "college" with 70 students applies and is granted a $10 million loan. What sensible fiduciary seeks such a loan. What idiot MAKES such a loan? Oh, wait...she is the Senator's wife......ahhhhhhhh?
Falsifying loan documents? I think she just violated the Dodd-Frank law.


I've been to traffic schools with more students. It makes Bernie and his whole "rage against the machine" thing seem completely pathetic.

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 2:04 pm 
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As I said before land-rich-student-poor was the traditional model for founding most of the nation's universities and colleges. The problem was in the execution of the plan.

Ms. Sanders probably should have consulted Donald Trump for advice.

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 2:14 pm 
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mdiehl wrote:
My bad. Sorry.

no worries it's the saloon, grab the empty lager bottles smash each other in the head and ...who's turn to buy the next round ? ...Bartender ....keep em coming ......

mdiehl wrote:
With that land and in her shoes, I'd have courted U.Vt.-Burlington to rent the space (or other renters) and focused on ONE needed but underserved curriculum. But what that would be I don't know. A veterinary school?

location.....hmmm...north is St. Albans the maple capital of the world, Stowe to the east , green mountains in the south ....

all growth sectors in the 2015-2017 figures in VT point toward Health Care or Apparel Manufacturing ...so medical university, specialized med tech, Nursing degrees are represented well, but textiles and fashion design degrees are not ...only three choices for the latter one is at University level one is Community College, one is a tech school ..... Textiles-and design does have it's place and generate tuition but again.....VT is hippy drippy and all I have heard about HEMP clothing is its inferior and falls apart quicker than standard materials and its hard to light up a cummerbund and look cool doing it ......
Maple Syrup Technology for the win.....

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 2:35 pm 
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Who cares about all this fiscal stuff, college is free. Feel the bern!

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 2:44 pm 
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C_S wrote:
Who cares about all this fiscal stuff, college is free. Feel the bern!


:lol:

yep.....
survival tip#
Wash and soak chickpeas for overnight. Drain them to a colander. Process together chickpeas, cumin, coriander, pepper, cayenne, salt, onion, garlic, parsley and flour to a coarse mixture. Deep fry them in hot oil until golden.....

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 Post subject: Re: (A) Sanders runs Vermont university into insolvency
PostPosted: Tue May 17, 2016 3:03 pm 
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Agree that universal free college is not doable. The cure for all the unemployed/undermployed isn't to try to make every one of them a fricking artiste, it's to slam the lid on foreign trade protection that makes it desirable to send low-skill jobs overseas.

Can you imagine the expansion in faculty positions that would have to occur to meet all the new demand of a free tuition environment? All the fraud, croneyism and pc agitation propaganda that would entail?

Shudder.

Still, Sanders' other ideas are pretty good.

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