EISMAN SUBPRIME GOES TO COLLEGE PDFEISMAN SUBPRIME GOES TO COLLEGE PDF

Steven Eisman is an American businessman and investor During a speech entitled “Subprime Goes to College” during the Ira Sohn Conference in May Eisman attacked companies. In a speech titled “Subprime Goes to College,” delivered Wednesday at the Ira Sohn Investment Research Conference, Eisman blasted the. One of those managers was Steven Eisman of FrontPoint Partners Steven Eisman & FrontPoint Partners entitled, ‘Subprime Goes to College’.

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Use this information at your own risk. As we’ve detailed numerous times, the for-profit education space is an investor battleground with a clear divergence of opinion. Inshe was the head lobbyist for the Apollo Group — the company behind the University of Phoenix and the largest for-profit educator. That said, gpes also noted that some of these managers have had a recent change of heart. Here is one of the more upsetting statistics.

Trending Now on NYPost. But accreditation bodies are non-governmental, non-profit peer-reviewing groups. The scandal here is exactly akin to the rating agency role in subprime securitizations. Disclaimer The content provided within this website is property of MarketFolly. After a discussion period, the rules will be issued in November and go into effect summer So what is the government going to do? From Wikipedia, the free encyclopedia.

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The inmates run the asylum. In a sense, these companies are marketing machines masquerading as subbprime.

The industry has gotten hysterical over this rule because it knows that to comply, it will probably have to reduce tuition. Betting against subprime mortgages during the Financial Crisis.

Inside the Doomsday Machine. But from she became assistant secretary of post-secondary education for the Department of Education under President Bush.

Investment Ideas From H There is no regard to whether a student really belongs in school, the goal is to enroll as many as possible. The fund performed poorly ineixman 3. He attended the University of Pennsylvaniagraduating magna cum laude in Stocks That Matter Most t This is similar to the subprime mortgage sector in that the subprime originators bore far less risk than the investors in their mortgage paper.

But when the Bush administration took over, the DOE gutted many of subpri,e rules that governed the conduct of this industry. For more great ideas from hedge fund managers, head to our aggregation of notes from the Ira Sohn Investment Conference and be sure to also check out our hedge fund portfolio tracking series.

Investor Steve Eisman RAILS On For-Profit Colleges

If nothing is done, then we are on the cusp of a new social disaster. The University of Phoenix Enrollment……………………….

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ti This page was last edited on 31 Decemberat Retrieved from ” https: He notes that a key to the problem here is the ‘rating’ these institutions receive from accreditation boards and he likens these boards to the ratings agencies who blessed subprime mortgages. The allegations stem from a meeting that Eisman had with Department of Education officials David Bergeron and Robert Shireman, two weeks before delivering his speech at the Ira Sohn Conference. Retrieved February 12, Default rates on student loans are already starting to skyrocket.

Gainful employment will cause enrollment levels to grow less quickly. There is a traditional relationship between matching means and cost in education. This would force universities to lower their tuition, or face declining enrollment because fewer students could afford school.

Investor Steve Eisman RAILS On For-Profit Colleges | HuffPost

Who could you complain to? By using this site, you agree to the Terms of Use and Privacy Policy. Shireman was in charge of the department’s efforts to toughen regulations on for-profit colleges.