The comments about the closing of ITT for-profit colleges by the U.S. Department of Education’s suspension of federal aid reminded me of another story that was published just a few months ago.

A group of men who are friends and former high-level officials in the Obama administration bought the University of Phoenix, the nation’s largest for-profit provider of “higher education.”

The purchase of University of Phoenix involved one of the President’s closest friends, financier Marty Nesbitt, and former Deputy Secretary of Education Tony Miller. Miller had been in charge of cracking down on the for-profit higher education sector. Senator Dick Durbin of Illinois said that the purchase raises the “appearance” of impropriety. On February 16, 2016, the Wall Street Journal ran an editorial called “Regulating For Profit,” accusing the Obama administration of driving down the stock price, so that former officials could then pick it up at a bargain price. (Sorry, I can’t give you the link, as the WSJ is behind a paywall, but you can find it by googling the article name.)

What does this mean? Closing Corinthian and ITT, while Obama pals take over University of Phoenix. I don’t know.