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James Pogue — The GOP’s Biggest Charter School Experiment Just Imploded

Summary:
Now, with ECOT imploding, some state politicians have floated the idea that Lager, who has made millions in profits off the school and come a long way from the Waffle House, should be personally held responsible for paying back some of the million owed to the state. But while the coming days will reveal if the political will or mechanisms exist to make this happen, it’s unclear how he might ever be held accountable because the real scandal is that ECOT grew up legally, with the support of state politicians and national GOP power brokers, and that in many ways it has served as a model for schools like it across the country.... Mother JonesThe GOP’s Biggest Charter School Experiment Just ImplodedJames Pogue

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Now, with ECOT imploding, some state politicians have floated the idea that Lager, who has made millions in profits off the school and come a long way from the Waffle House, should be personally held responsible for paying back some of the $80 million owed to the state. But while the coming days will reveal if the political will or mechanisms exist to make this happen, it’s unclear how he might ever be held accountable because the real scandal is that ECOT grew up legally, with the support of state politicians and national GOP power brokers, and that in many ways it has served as a model for schools like it across the country....
Mother Jones
The GOP’s Biggest Charter School Experiment Just Imploded
James Pogue
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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