On Nov 19, 2012, at 7:35 AM, Haim <hpipik@netzero.com> wrote:

We are watching an educational ponzi scheme collapsing.

Part of a ponzi scheme is giving the impression of returns. With the selling of "soft" degrees came the need for teachers of "soft" subjects.

I have witnessed far too many graduates of college, sons and daughters of associates, emerging into the world, only to realize (far too late) that the economy of "college" is not the economy of the world and in many cases it is an absurd comparison.

Bob Hansen