Our Bankrupt Elite – IOTW Report

Our Bankrupt Elite

WFB: Every element of the college admissions scandal, aka “Operation Varsity Blues,” is fascinating.

There are the players: the Yale dad who, implicated in a securities fraud case, tipped the feds off to the caper; a shady high school counselor turned admissions consultant; the 36-year-old Harvard grad who sold his talents for standardized testing to the highest bidder; the comely actresses from Full House and Desperate Housewives; the fashion designer; the casino magnate. Who would have thought that one of the major headlines of 2019 would be “Lori Loughlin released on bond”?

There are the children: the social media influencer (yes this is a thing) who was told of her parents’ arrest while vacationing on the yacht of a USC trustee; the mom who submitted doctored photographs to USC to portray her son as a championship pole-vaulter; the place kicker for a high school with no football team; and the rap artist from the Upper East Side who defended his mom and dad to the press while smoking a blunt.

There are the means: paying tens of thousands of dollars to Rick Singer, Trinity ’86, who bribed athletic directors and coaches, doctored student résumés, and arranged for clients to take college admittance exams alongside a “proctor” who answered the questions for them. The icing on the cake: Some payments were made to a charitable foundation so the parents could get the tax write-off. What a country.

There is the objective: placement at a high-profile school. Why? Social signaling, status games, but also because the wage premium for a college degree has become so large that parents are apparently willing to break federal law to earn it. Not for what the students learn at college—they hardly learn anything. Loughlin’s daughter, the influencer, spoke for most undergraduates when she said, “I do want the experience of game days, partying—I don’t really care about school, as you guys all know.” Oh, we know. Otherwise your mom wouldn’t be looking for a defense attorney.  more

9 Comments on Our Bankrupt Elite

  1. You forgot the politician who claimed she was a Indian to get a professorship at Harvard. Also the one who slept with a married Mayor to advance up the political ladder. And the one who pretended to be a Vietnam vet. I could go on and on but you get the idea.

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  2. Hell sakes if you need a college degree that badly just major in education or journalism! Made up degrees for the stupid and needy and handed out like candy! Just pay the tuition and fees, which you can do with borrowed money, and show up to graduate (or pay a wino to show up for you)!

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  3. Exposing the pipeline into the DC bureaucracy. Send your little elitist brats to the highbrow schools to get the right connections and have a job waiting in the halls of power where you can call the shots behind the scenes.

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  4. After reading this article, I am also struck, as always, that professional pretenders think they are so much smarter than us out here in the real world.
    The article talks about Hollywood’s moralistic hectoring. On of their favorite finger wagging issues is the constant calls for gun confiscation while being surrounded by armed bodyguards while they live behind big walls.
    You don’t have to dig very deep to realize they are mostly typical liberal hypocrites.

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