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We just got even more evidence supporting the theory that charter schools are America's new subprime mortgages

The Office of the Inspector General (OIG) released the results of a damning audit of the charter school industry which found that charter schools' relationships with their management organizations pose a significant risk to the aim of the Department of Education. The OIG is a federal agency which prevents inefficient or illegal activities. The findings in the audit, specifically in regard to charter school relationships with CMOs, echo the findings of a 2015 study that warned of an impending bubble similar to that of the subprime-mortgage crisis, o ne of the authors, Preston C.
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