Clayton Crumbles, Bear Boasts

[WilliamW]

There's another shoe to drop.

I doubt it's anything so sinister.

Clayton had a pretty good setup there in Alabama.  Minimum regulation, hence minimum overhead, hence low tuition which gave him an irresistible marketing hook (you can afford it!).

Then suddenly Alabama decided it wanted to be Oregon and regulate the shit out of unaccredited schools.  He had already made his money, so why invest his retirement fund in unobtainium?  Clayton said, okay assholes, regulate this and dropped the hot potato in their laps.  

Now the Alabama government paper shufflers get to earn their money for a change.  "Clean up on Aisle 6!"  No doubt the sort of job for which they are best suited anyway.