If only there were a way to short middling private schools. The hedgies shorting the for-profit schools are well documented. But you have to think that the lo

If only there were a way to short middling private schools. The hedgies shorting the for-profit schools are well documented. But you have to think that the lower- to middle-tier non-profit private schools--the ones that charge tuitions not unlike those of the Ivies--will be the first into the fire. Perhaps Goldman can create a Middling Private School Index (the MPX) and sell CDSs against it? The question: who can play the role of sucker on the long side? I know! Taxpayers!