More fake news from the MSM. They will bite at any story that confirms their worldview.
Via ZeroHedge:
While searching for sources for their stories about America’s blossoming student-loan debt, CNBC, Fox News And the Washington Post all cited the work of a self-styled “journalist” and “student loan expert” who portrayed named David Cloud, the founder of an “independent” news outlet the Student Loan Report.
But as a report published this week by the Chronicle of Higher Education revealed, Cloud has a serious credibility problem: He doesn’t exist.
The Chronicle became suspicious after Cloud “authored” an article about a survey about students using financial aid money to fund cryptocurrency investments. According to Cloud, the “survey” revealed that an astonishing 21% of student loan borrowers had used the money they received to fund crypto investments.
Several reporters immediately suspected that this sounded like a specious claim, and decided to do a little more digging into Cloud’s background…which is when they learned that he was a fabrication invented by several writers at the Student Loan Report.