Education

STOs, regulation and the mortgage industry

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by David SafierCommenter MindlessMama makes a good point about the need for stricter regulation of STOs. As I read this, it makes me think there's a big opening for fraud. I'm not suggesting that's the case w/Yarbrough's STO. But we see what a lack of oversight has yielded for our mortgage industry, kids. So what … Read more

Steve Yarbrough, landlord

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by David SafierI've posted about the many ways Steve Yarbrough makes money from his Student Tuition Organization, ACSTO, each year. As Executive Director, he brings in $96,000. As legal counsel, he brings in upwards to $60,000 (That's the total ACSTO spends on legal fees, some or all of which goes to Yarbrough). And his company, … Read more

The tax credit special session: rumor mongering

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by David SafierToday, the legislature is supposed to go into special session, if it hasn't already, to talk about creating that new tuition tax credit to pay tuition for the children whose state-approved vouchers were shot down by the State Supreme Court. The special session is Yarbrough's baby. The question is, how did he get … Read more

Pearce: “We’re here to represent the taxpayers”

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by David SafierFrom cpmaz of Random Musings, who sat through yesterday's Senate Appropriations Committee discussions on the new Republican budget proposals. Democrats brought up a number of amendments to the Republican bills, intended to soften the blows to Arizonans who can least afford the financial pummeling: The most illuminating quote, from discussion of one of … Read more