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Bloomberg, subprime, for-profit schools, and moral bankruptcy

June 6, 2010 am30 1:50 am
“I thought there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task.”
— Steven Eisman, a hedge fund manager who bet against the housing market and is now shorting higher-education stocks. Quoted in Bloomberg! Business Week, June 7-13, 2010. Yes, Bloomberg…
One Comment leave one →
  1. June 10, 2010 am30 11:44 am 11:44 am

    nice find. keep ’em coming!

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