2016 Postmortem
In reply to the discussion: Did Bernie's wife commit a felony when she secured a loan for Burlington College? [View all]MADem
(135,425 posts)who 'misstated' the school finances in order to secure the loan. Then, when it was discovered what she had done, the board held the door open and let her depart, and the CFO who was her partner in bad finance took over and took the blame--but Sanders made that horrible deal, Sanders didn't do any work to try and increase enrollment, Sanders was the one who signed the document misstating the financials, and when they couldn't service the loan, the land had to be sold at a loss. The college lost money, and the community is going to end up with an overdeveloped area instead of a nice open space. Will the college survive? That's still an open question.
The nicest thing you can say about her tenure at Burlington is that she woefully mismanaged the place. If it closes, it will be on her head.