You can’t even make this up; these people are bat crazy!
So you want Sen. Bernie Sanders to lead the country? His wife bankrupted a small college, doesn’t that tell you messing with other people’s money is not the right thing to do.
Sanders’ wife, Jane, took out loans on the Burlington College’s name and caused a massive debt to the school. Before she left the school, she secured a golden parachute of $200K. Guess crime does pay. There’s no way this couple should be placed in charge of a country; that thought in itself if ridiculous!
From Heat Street:
Burlington College announced today that it will close on May 27 after it found itself unable to recover from “the crushing weight of the debt” incurred under Jane O’Meara Sanders, the college’s former president and wife of Bernie Sanders.
At the end of 2010, Ms. Sanders took out $10 million in loans on behalf of Burlington College to purchase a 32-acre swathe of land from the Roman Catholic diocese, which put the land up for sale to help cover the costs of a $17 million sexual-abuse settlement.
Less than a year after leading Burlington College into massive debt, Ms. Sanders resigned, taking with her a $200,000 severance package. By 2014, because of its shaky finances and running deficits, Burlington College found itself placed on probation for two years by the regional accreditation agency.
A Burlington College news release issued this morning called these financial hurdles “insurmountable at this time.”
“We anticipate notice from [the regional accreditation agency] that we have not met the Commission’s financial standard,” the news release said, “and, therefore, our accreditation will be lifted as of January 2017, and the College will not be able to award academic credit after this time.”
Well, the matter will certainly be investigated thoroughly and very publicly now, as it should be. Stuffing issues like this and accusations of fraud under the carpet are not the right way to address this and pretending it didn’t happen won’t help either.
Liberals do tend to run things to the ground. Then they take no responsibility and lie about it. Half of them are too stupid to realize the money they spend is real.
Help support conservative news and views by sharing this post on Facebook and Twitter.