A team of UC Berkeley students have just published a report on the Regents’ incompetent and fishy dealings with Wall Street. The gist is that the UC Regents have engaged in shady investments that are set to cost the university about $257 million.
It’s worth reading the full report, which you can find here.
Here’s what Bob Meister, UCSC Politics Professor has to say about the collusion between the State, UC Regents, and using ever-increasing tuition to fund their own agenda–NOT education:
http://www.counterpunch.org/2012/10/26/american-students-the-coal-miners-of-today/
And how Prop 30 funds will now go to Wall Street:
http://www.sfgate.com/opinion/openforum/article/Prop-30-funds-for-UC-will-go-to-Wall-Street-4031472.php