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View Diary: UPDATEDx2: Detroit Schools Emrgcy Mgr leaving district he was told to "blow up" & "dismantle" (97 comments)

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  •  Revealing quote from Prof. Turley's blog (4+ / 0-)
    Recommended by:
    Leap Year, DSPS owl, 4Freedom, hawkseye

    regarding the predatory financiers..

    The result is, you can put in ten million dollars and in seven years double your money. The problem is, that the charter schools end up paying in rents, the debt service on these loans and so now, a lot of the charter schools in Albany are straining paying their debt service–their rent has gone up from $170,000 to $500,000 in a year or–huge increases in their rents as they strain to pay off these loans, these construction loans. The rents are eating-up huge portions of their total cost. And, of course, the money is coming from the state.

    "If you can't take their money, eat their food, drink their booze and then vote against them, you have no business being up there."

    by Betty Pinson on Thu May 02, 2013 at 01:36:41 PM PDT

    [ Parent ]

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