Can you really blame them for wanting to get a piece of that easy Fed money? Get a couple of burnt out CVSers put them in a rented office space and let the suckers start to line up. As long as there are students willing to fall for this get-rich-quick TM (R) scheme there will be new pharmacy schools opening. Who cares if 30% of the students default? They get the gov't cash in hand regardless of student outcome. The kicker is the Fed doesn't even care because them themselves are borrowing TRILLIONS from China and Japan and have been effectively bankrupt for years. It's all borrowing money on borrowed time. Stealing from Peter to pay Paul. I for one welcome our new overlords when the US goes bankrupt. The United States of America (Territory of China). I think i'll start flying the Chinese flag outside my car so I can be first in line for political office when they set up the occupying gov't.
It's not about the pharmacy market. Who cares if these suckers get jobs? it's about the Fed loan market. And all u need is warm bodies with enough good credit to qualify for loans. That market is still good, for now...
