There was a news story released yesterday suggesting that the U.S. Department of Education leaked insider information to Short-Sellers who then profited from the negative publicity related to alleged recruitment practices of some for-profit companies.
If this is true, I am wondering how objective and reliable the Department of Education can be in its oversight of higher education. Then again, it is possible this was the work of one person within the department who is out to get the for-profits. In that case, the DoED can't be blamed as a whole.
Education Department Officials: Accused of Leaking info to Short-Sellers