Wall Street Crooks Are Up to Their Eyeballs

promoting sham "public" schools called charters. These "schools" are actually private schools skimming public money which should be earmarked for real public schools.

Of course private school vouchers are seldom brought up anymore. Now the emphasis is on "competition" and charters.

It's all a big fraud, with educators and students being collateral damage:

The education industry, the bank concludes, represents the largest market opportunity since health care services were privatized during the 1970s. While college education can offer “attractive investment returns, the larger developing opportunity is in the K-12 EMO [Education Management Organization] market,” it observed. “The K-12 market is the Big Enchilada.”[3]

While virtually every state in the US is facing draconian cuts in public schools, charters have been a mechanism, a Trojan horse, through which large profit concerns have taken over substantial and growing segments of kindergarten through grade 12 education.
This offensive is now receiving hundreds of millions of dollars of direct underwriting by the Obama administration. Of a piece with the bailout of banks, Obama is providing what little “education” money the federal government is allocating to facilitate the privatization of education.