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Into muddy waters

Citigroup agreed to pay $7 billion in penalties and restitution for its role in the 2008 financial meltdown, ...ccording to an article in the Wall Street Journal, the banking giant admitted to “repeatedly brushing aside warnings from both inside and outside the bank that many of the loans it had packaged had serious problems and concealing that information from investors.” Although none of the local mainstr ...

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11 Michigan charter authorizers ‘at risk of suspension’

LANSING — Eleven of Michigan’s 40 charter school authorizers were listed as “at risk of suspension” by State Superintendent Mike Flanagan Aug. 11, jeopardizing their ability to charter any future schools. The authorizers named had deficiencies in key factors of oversight of their charter schools. Michigan law gives the state superintendent the responsibility to determine whether a charter school authorizer ...

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