The Clinton scandal at Laureate Education, a for- profit education chain of schools and colleges operating world-wide, including the United States is much worse. That New York Attorney General Eric Schneiderman is pursuing Trump University while ignoring CGI-University, a shady joint venture of Laureate and the Clinton Global Initiative adds insult to injury.

The Laureate Education went private in August 2007, in a multi billion dollar, risky, hugely leveraged transaction, closed in the last gasp of the bubble. The leveraged buyout was completed around August 2007 for approximately $3 billion in debt plus equity. The driving force behind the deal is of Friend of Bill (FOB) hedge fund king Steven Cohen, a poster child for bad hedge fund behavior. Henry Kravis and his KKR, Goldman Sachs and many others are in.