Michigan State University agrees to pay Larry Nassar’s victims $500 million, hopes to avoid bankruptcy
Maybe Michigan State needs to go bankrupt, or fold up shop entirely, in order for people to learn the lesson that you can’t cover up evil because it might embarrass you. Then again, they might learn the opposite lesson
By Dan Calabrese —— Bio and Archives--May 17, 2018
American Politics, News | Comments | Back To Full Article
Can a public university actually go bankrupt? Hey, a city can. (Save the Detroit jokes. You should see it here now.)
And you can make a legal agreement to pay money without knowing where you’re going to get it, or if you even can, which is what MSU appears to have done yesterday. Larry Nassar’s victims are now entitled to about $1.25 million per – because he had a lot of victims – and the university is going to have to get it from somewhere.
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