Tag Archive for MSU

Quis Solvet? MSU Settles With Nassar Victims For $ 500 Million

Michigan has the least elite elites in the nation

Who exactly is going to pay the $ 500 million that MSU just agreed to pay to 332 victims of Dr. Lawrence G. Nasser?

MSU says they can’t tap their $ 3 billion endowment, which was the focus of former President Lou Anna K. Simon (and why she wasn’t paying any attention to Nassar and Strampel).

This bleed will probably eclipse that of the Flint water fiasco. From the Detroit Free Press:

The settlement, which covers all 332 current claimants, will cost Michigan State $500 million. The school will pay $425 million now and hold $75 million in reserve in case other Nassar victims come forward.

MSU will now work on how it will pay the settlement, MSU spokeswoman Emily Guerrant told the Free Press.

Survivor attorney James White said this is a chance for the survivors to begin to move forward.

“I don’t think they can ever be made whole, but this is a step in the right direction,” he said.

The settlement was announced Wednesday, after the Detroit Free Press published news of the settlement, following two days of closed-door mediation sessions between lawyers for the university and the survivors.

Terms of the settlement are as follows:

• $425 million dollars will be paid to all current claimants

• $75 million dollars will be set aside in a trust fund to protect any future claimants alleging sexual abuse by Nassar

The settlement was approved by the MSU board in a conference call Tuesday night.

I underestimated the costs here by $ 25 million, when adjusted for the additional claimants who have come forward.

Strampel’s cases are not part of this settlement, so there is more bleeding to come.

This disaster is on the Democrats, exclusively.

Michigan has the least elite elites in the nation.

You Betcha! (12)Nuh Uh.(1)

What’s good for the goose…

Next will we be hearing a rousing defense of Antifa from the Mi-GOP. Maybe even for 31% Conservative Review scoring Rep David Trott?

So if anyone wants to see why the republican party is having a hard time gaining any traction, and wants to see why my predictions of it self-destructing like an Acme dynamite kit are now being repeated by others, look no further than below the fold.

{Continued below…obviously}

You Betcha! (9)Nuh Uh.(0)

Radicals vs. republicans (and the radicals are winning by a long shot).

I don’t know what has been more infuriating this week; watching the one-sided coverage on what unfolded in Charlottesville last week or watching what passes for “leadership” in the republican party seeing who can get away from President Trump the fastest?

The sad part here is that I can easily see what happened last week spread to Michigan much sooner than people think.

{More after the fold}

You Betcha! (9)Nuh Uh.(0)