For-profit colleges

Going back to 27-May-2010, fund manager Steve Eisman at FrontPoint Financial Services Fund called the for-profit education companies "morally bankrupt", in a speech titled "Subprime Goes to College".

On 17-Oct-2011, Forbes reported on Jim Chanos’s views:

Another area that draws Chanos’ ire: for-profit colleges. He picked ITT Educational Services as the worst of the lot, but had harsh words for all the companies in what he calls “a predatory business and national shame” where “degrees are sold and marketed, not earned.”

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About mcturra2000

Computer programmer living in Scotland.
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