There is no meaningful oversight of the NCAA cartel (the NCAA and its member institutions) as it is not only self-reporting and self-regulating, but self-enforcing as well. Furthermore, the cheating and corruption that enables the cartel to maintain its tax-exempt status—while fielding professional teams with their conferences serving as the minor leagues for the NFL and NBA—are rooted in the same types of cronyism and cozy relationships that were instrumental in spawning today’s worldwide financial crisis.
