Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"What Silver State was doing was taking the $70,000 up front and then it was using it immediately. They were going out and recruiting more students at $70,000 per student and paying expenses as they went along with what they were collecting from the students."

Source: Florida Senator Bill Nelson, who is now involved and is pressuring the Federal Trade Commission to investigate the bankruptcy, and subsequent February 3 closing of the 33 location school. The closure left about 200 students in his state with loans up to $70,000 with nothing to show for it and accruing enormous amounts interest.

FMI: www.billnelson.senate.gov, www.ftc.gov