Senator Richard J. Durbin, (D-Illinois) called for a check on the unregulated growth and spiraling costs of for-profit colleges on Wednesday, comparing the bubble growth of these educational institutions to the subprime mortgage fiasco.
At a Newsmakers press conference at the National Press Club, Senator Durbin cited Steve Eisman as saying, ?Subprime goes to college,? adding that Eisman was one of the witnesses at the first of a series of hearing of the Senate HELP Committee.
– (AHN)
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