Billionaire Dan Loeb thinks that he can get away with anything because he is so rich. Being a billionaire puts one in a bubble of immunity from consequences. It means you will never be poor. It means you are a Master of the Universe.

But there is one thing that even billionaires can’t get away with: making vicious racist statements.

When Dan Loeb said that legislator Andrea Stewart-Cousins had done more damage to black children than the Ku Klux Klan, he found himself in the midst of a media firestorm. He was actually embarrassed, a feeling to which he is unaccustomed. He deleted his Facebook post and apologized. But it is hard to unsay what you wrote. His original post expressed what he believed and no one is persuaded that he doesn’t believe what he wrote.

Here is the fallout, as reported by teacher-writer Jake Jacobs.

Calls for his resignation came from many corners, but Loeb, who quickly apologized for the comments, announced he wasn’t going to resign. Loeb, who is a close donor/advisor to House speaker Paul Ryan, has made racist comments before and has also been connected to a number of dark money PACs looking to influence policymakers on charter expansion.

Betty Rosa, NY Board of Regents Chancellor said Wednesday that the issue is “beyond apologies.” NYC mayor Bill de Blasio and his wife agree, as does the NY Daily News editorial board, NYC Council leadership, city labor leaders and Reverend Al Sharpton, who already deployed his National Action Network to protest at Success Academy’s Harlem 1 school.

Hazel Dukes, President of the NAACP, called Loeb’s comments “appalling”, while Joe Belluck, chair of the SUNY Committee on Charter Schools, which authorizes and oversees Success Academy schools, announced they are “reviewing options.” This news comes as the same SUNY committee is considering allowing charters to hire uncertified teachers, a controversial proposal originally championed by Success Academy because over 60% of their teachers leave each year.

Rep. Hakeem Jeffries joined two other Congress members and other elected officials from NY for a rally in support of Senator Stewart-Cousins. They demanded Cuomo return Loeb’s campaign contributions and called for Loeb’s resignation. rejection of Loeb’s campaign contributions and calls for his resignation. Other groups, such as Alliance for Quality Education (AQE), the Working Families Party, Citizens Action NY, the Badass Teachers Association, NY Indivisible and Hedge Clippers launched a petition asking Governor Cuomo to return the $170,000 that Loeb contributed to his campaign, along with potentially millions more that went to Cuomo through charter school PACs.

One such PAC, StudentsFirstNY, where Loeb serves as trustee, gave over $10 million to help Republicans win control in this solid blue state, blocking votes on the DREAM Act, funding for needy schools and affordable housing legislation, among other bread-and-butter issues.

But…Governor Cuomo will not refund the hundreds of thousands he received from Loeb. Hakeem Jeffries will still support charter schools. Republicans, with a numerical minority, still control the State Senate, thanks to renegade “Democrats” who ally with them. Eva still takes home at least $500,000 a year. And Dan Loeb is still a billionaire.