..."I think the business model is flawed because it all depends on the taxpayer," Chanos told Bloomberg's Betty Liu. "None of the companies can exist without federal loan guarantees."
"If this is such a great business, then why don't you lend money yourselves than depend on a federal handout," he added....
Tuesday, December 6, 2011
China's “Ministry of Education to Phase Out Majors Producing 'Unemployable Graduates'" (should schools co-sign student loans?)
Jim Chanos recently expressed a related idea on Bloomberg Television re: for-profit schools: