> but shouldn't Lambda be incentivized to produce excellent graduates because that increases the credit rating (so to speak) of their ISAs and in turn the marke

> but shouldn't Lambda be incentivized to produce excellent graduates because that increases the credit rating (so to speak) of their ISAs and in turn the market value? [from the article] > The moment Lambda started selling off the contracts, their incentives completely flipped. Their income was then derived from generating ISAs, meaning, the more, the better. Enroll as many students as possible. Of course, if no one ends up getting jobs, investors will eventually stop buying the Lambda ISAs, but that would all happen a long ways down the road. As with most financial sins, it's short-term profits over long-term sustainability.