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Bernie Sanders 2016
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<blockquote data-quote="Babagounj" data-source="post: 2189878" data-attributes="member: 12952"><p><a href="http://www.thegatewaypundit.com/2016/05/burlington-college-feels-bern-will-close-thanks-crushing-debt-acquired-mrs-bernie-sanders/" target="_blank">Burlington College Feels the Bern! Will Close Thanks to Crushing Debt Acquired by Mrs. Bernie Sanders</a></p><p></p><p>In an ultimate twist of irony, his wife Jane Sanders was president of Burlington College in Vermont and <a href="http://www.progressivestoday.com/bernie-sanders-wife-drove-a-vermont-college-into-massive-debt/" target="_blank">racked up such large debts</a> for the small school that she led it to ruin.</p><p>At the end of 2010, Ms. Sanders took out $10 million in loans on behalf of Burlington College to purchase a 32-acre swathe of land from the Roman Catholic diocese, which put the land up for sale to help cover the costs of a $17 million sexual-abuse settlement.</p><p></p><p>The college almost immediately fell short on its financial obligations as fundraising pledges and commitments Ms. Sanders cited in the loan agreements never materialized.</p><p>Less than a year after leading Burlington College into massive debt, Ms. Sanders ( 2004-2011) resigned, taking with her a $200,000 severance package.</p><p></p><p>While the purchase of property by a college administrator is certainly not evidence of socialism, the way Jane Sanders was able to gain approval for the loan from the State of Vermont Educational and Health Buildings Finance Agency raises questions. In fact, Jane Sanders did such a good job of convincing loan officers that Burlington College would be a good risk that the school is now facing allegations of loan fraud during her tenure as Burlington College president. On January 10, 2016, a request for an investigation into federal bank fraud was filed with the United States attorney for the District of Vermont in behalf of Wendy Wilton, a Catholic member of the Immaculate Heart of Mary parish in Rutland, Vt., and other aggrieved Vermont parishioners. Wilton and the parishioners allege in the complaint that the sale of the Roman Catholic Diocese of Burlington headquarters to Burlington College entailed federal loan fraud.</p><p></p><p>Read more at: <a href="http://www.nationalreview.com/article/435483/bernie-sanders-wife-burlington-college-lesson-financial-mismanagement" target="_blank">Mrs. Sanders Promised Other People’s Money Would Pay for Burlington College. It Didn’t., by Anne Hendershott, National Review</a></p><p></p><p><a href="http://www.thegatewaypundit.com/2016/05/burlington-college-feels-bern-will-close-thanks-crushing-debt-acquired-mrs-bernie-sanders/" target="_blank">Burlington College Feels the Bern! Will Close Thanks to Crushing Debt Acquired by Mrs. Bernie Sanders</a></p></blockquote><p></p>
[QUOTE="Babagounj, post: 2189878, member: 12952"] [URL='http://www.thegatewaypundit.com/2016/05/burlington-college-feels-bern-will-close-thanks-crushing-debt-acquired-mrs-bernie-sanders/']Burlington College Feels the Bern! Will Close Thanks to Crushing Debt Acquired by Mrs. Bernie Sanders[/URL] In an ultimate twist of irony, his wife Jane Sanders was president of Burlington College in Vermont and [URL='http://www.progressivestoday.com/bernie-sanders-wife-drove-a-vermont-college-into-massive-debt/']racked up such large debts[/URL] for the small school that she led it to ruin. At the end of 2010, Ms. Sanders took out $10 million in loans on behalf of Burlington College to purchase a 32-acre swathe of land from the Roman Catholic diocese, which put the land up for sale to help cover the costs of a $17 million sexual-abuse settlement. The college almost immediately fell short on its financial obligations as fundraising pledges and commitments Ms. Sanders cited in the loan agreements never materialized. Less than a year after leading Burlington College into massive debt, Ms. Sanders ( 2004-2011) resigned, taking with her a $200,000 severance package. While the purchase of property by a college administrator is certainly not evidence of socialism, the way Jane Sanders was able to gain approval for the loan from the State of Vermont Educational and Health Buildings Finance Agency raises questions. In fact, Jane Sanders did such a good job of convincing loan officers that Burlington College would be a good risk that the school is now facing allegations of loan fraud during her tenure as Burlington College president. On January 10, 2016, a request for an investigation into federal bank fraud was filed with the United States attorney for the District of Vermont in behalf of Wendy Wilton, a Catholic member of the Immaculate Heart of Mary parish in Rutland, Vt., and other aggrieved Vermont parishioners. Wilton and the parishioners allege in the complaint that the sale of the Roman Catholic Diocese of Burlington headquarters to Burlington College entailed federal loan fraud. Read more at: [URL='http://www.nationalreview.com/article/435483/bernie-sanders-wife-burlington-college-lesson-financial-mismanagement']Mrs. Sanders Promised Other People’s Money Would Pay for Burlington College. It Didn’t., by Anne Hendershott, National Review[/URL] [URL='http://www.thegatewaypundit.com/2016/05/burlington-college-feels-bern-will-close-thanks-crushing-debt-acquired-mrs-bernie-sanders/']Burlington College Feels the Bern! Will Close Thanks to Crushing Debt Acquired by Mrs. Bernie Sanders[/URL] [/QUOTE]
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