Re:Lambda School is the biggest mistake I made this year
by darkerside on Monday December 14, 2020 @08:34AM
(#25417287)
This is a pretty damning assertion. Got a source?
Edit: Found my own. Oof.
https://www.google.com/amp/s/www.theverge.com/platform/amp/2...
Re:Lambda School is the biggest mistake I made this year
by TheRealDunkirk on Monday December 14, 2020 @09:26AM
(#25417862)
> https://www.google.com/amp/s/www.theverge.com/platform/amp/2...
Two AMP redirects in one link? Sheesh.
Re:Lambda School is the biggest mistake I made this year
by nrmitchi on Monday December 14, 2020 @10:21AM
(#25418521)
When you're selling a securitized asset, you need to show the quality of that asset. You can't just pull together a pile of shit and call it AAA (Yes, 2008 was a thing, and wrong, but lets not assume here that Lambda is borderline to committing fraud).
If the ISAs don't perform, then Lambda will (likely) have no future in selling them. Do you really think they're risking their future cash flow in order to bundle up as much bullshit as they can right now?
Re:Lambda School is the biggest mistake I made this year
by gorbachev on Monday December 14, 2020 @10:57AM
(#25418972)
> but lets not assume here that Lambda is borderline to committing fraud
Why not? They've already been proven to falsify the employment rates of their students. Their marketing material is significantly off from reality.
Obviously they could be telling the companies buying the ISAs the truth though.
From what I've read though, they actually bundle the ISAs and sell them off to investors--just like the mortgage-backed securities that led to the 2008 financial crisis. So the bootcamp's real incentive would be to generate as many ISAs to sell as possible, not to make sure the ISAs are any good.