WOW!! Burlington College says they're closing b/c Sander's WIFE bankrupted them!!

T

Text Drivers are Killers

Joe Biden - "Time to put Trump in the bullseye."
Socialist Democrats can't run a business or a college or do anything useful. Only capitalism works

https://www.washingtonpost.com/news...hat-bernie-sanderss-wife-once-led-is-closing/

may 16 2016 Burlington College, a small Vermont private school once led by the wife of Democratic presidential candidate Bernie Sanders, said Monday it will close later this month, citing “the crushing weight” of debt incurred during her presidency.

The college, which enrolled 224 students as of fall 2014, said it faced financial troubles connected to its 2010 purchase of 32 acres of lakefront property from the Diocese of Burlington, according to the Burlington Free Press. The college said it had sold property to reduce its debt to a manageable level, but it was placed on probation in 2014 by its accrediting agency and it faced cash flow problems due to the imminent loss of a line of credit.

Jane Sanders was president of the college from 2004 to 2011.

She stepped down in 2011 amid a dispute with the college’s board. After her husband launched his presidential campaign, news stories emerged that scrutinized her role in a loan application for the lakefront *real-estate purchase. Jane Sanders has dismissed those stories as politically motivated and said the issue was not a factor in her departure from the college.
.
Click to expand...
 
You must log in or register to reply here.
Back
Top