With that universal truth, I note that now the S&P is turning against independent law schools:
The creditworthiness of independent law schools that aren’t affiliated with larger universities is deteriorating as enrollment declines, Standard & Poor’s said in a report.
Brooklyn Law, New York Law, Thomas Cooley and Thomas Jefferson have negative outlooks, S&P said. Albany, with a BBB rating, was listed as stable.
David Singer, an Albany spokesman, declined to comment on the report. Representatives of Thomas Jefferson and Thomas Cooley didn’t respond to e-mails seeking comment.Of course they didn't. Would you? It'd be like explaining the Rule Against Perpetuities to a 5 year old, or trying to justify faculty hiring to someone who couldn't even get a district court clerkship. MY SMARM IS JUSTIFIED, LESSERS.
The business world is now piling on law schools. For the contrarian investor, it's time to go all in. Law schools are not milk men or 8-tracks. Because of the massive need for lawyers among dolphins, Ethiopian children, and po' people, there will always be room at the bar; the bar is, in many ways, like the trenches in World War I, as there's always room.
And yet the S&P thinks that over 1/10 of law schools may be at risk. Yeah...go back and look at how those assclowns did in 2008.
World is selling and dumping on a stable and necessary commodity. Time to buy, kids. Still time to get in for next semester...