Moody’s the credit rating group gives a big middle finger to teachers.
How after nearly destroying the world during the mortgage crisis are they still in business? I mean really shouldn’t they be in jail or something?
Oy vey friends, the skinny is they said getting rid of tenure, i.e. teacher work protections would give a boost to school districts credit ratings.
From Sfgate.com: California's public schools would benefit financially if last week's ruling striking down teacher tenure laws is upheld, credit rating agency Moody's said in a note published Monday.
"The ruling is credit positive for school districts because greater employment flexibility will lead to increased budgetary flexibility," the note said.
Or as we all know what is happening, fewer experienced teachers will lead to savings.