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nrmitchi on Dec 14, 2020 | parent | context | favorite | on: Lambda School is the biggest mistake I made this y...

When you're selling a securitized asset, you need to show the quality of that asset. You can't just pull together a pile of shit and call it AAA (Yes, 2008 was a thing, and wrong, but lets not assume here that Lambda is borderline to committing fraud).

If the ISAs don't perform, then Lambda will (likely) have no future in selling them. Do you really think they're risking their future cash flow in order to bundle up as much bullshit as they can right now?

gorbachev on Dec 14, 2020 [–]

> but lets not assume here that Lambda is borderline to committing fraud

Why not? They've already been proven to falsify the employment rates of their students. Their marketing material is significantly off from reality.

Obviously they could be telling the companies buying the ISAs the truth though.

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