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Central Banks Have Destroyed Us | Hoffman & Duane (Part 2)

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  • rich

    Wall Street Sugar Daddies in the Board Room and Bedroom, Perverting Higher Education

    By Pam Martens and Russ Martens: September 7, 2015

    New York University has devolved into a dystopian model of higher education reimagined by Wall Street knaves who serve on its Boards and their kingpin attorney, Martin Lipton, who has been NYU’s Board Chairman for 17 years.

    As the university has thrown million dollar pay packages and perks like vacation homes with forgivable loans at its President, John Sexton, and an elite group of faculty, students have been buried under debt by the likes of the serially charged and now admitted felon, Citigroup, and are turning to prostitution in increasing numbers to meet the obscene hidden fees and staggering tuition piled on their shoulders by NYU’s masters of the universe. It now costs over $240,000 for a four-year degree at NYU – a nonprofit university subsidized by the taxpayer.

    At a protest rally in Washington Square last Tuesday against NYU’s tyrannical conduct, you could have heard a pin drop when a young woman walked onto the stage with a mask covering her face to tell her story of being the first in her family to attend college and the first to have to turn to prostitution to pay the soaring tuition demanded by NYU.

    The NYU student read from a prepared statement, saying:

    “I learned at the dominatrix den and at the Tantra House, almost every single girl who worked there was a student struggling to pay for school or to pay off her crippling student loans. Some were Sarah Lawrence girls, some went to CUNY or Cooper Union, but the vast majority go to or went to NYU…We came to these universities to better ourselves, to work for a better life. No girl should have to sell herself to make that better life a reality.”

    This young woman’s story comes on the heels of a report in January at the New York Daily News listing NYU as the third fastest growing university in the U.S. for listings at, a site that matches up financially struggling women with “Sugar Daddies” who are frequently hedge fund managers or Wall Street bankers – the same financial types that dominate the Boards of Trustees at NYU and its Medical Center and have made the decisions that have buried the students under one of the highest tuition rates in the country, mountains of slippery fees and student debt.

    In 2013, the Consumer Financial Protection Bureau (CFPB) asked students to send it comments on their experience with privately-offered student loans, issued typically from banks as opposed to those from the Federal government. Students who had taken out loans from Citibank to attend NYU were among the respondents.

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