EISMAN 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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Steve Eisman – Front Point Partners Ira Sohn Subprime Goes to College

How has this been allowed to sublrime He has been married to Valerie Feigen since The allegations stem from a meeting that Eisman had with Department of Education officials David Bergeron collge Robert Shireman, two weeks before delivering his speech at the Ira Sohn Conference. Retrieved 12 February Trending Now on NYPost. Earlier we aggregated a compilation of notes from the Ira Sohn Investment Conference where some very prominent hedge fund managers detailed investment ideas.

Steve Eisman & FrontPoint Partners Ira Sohn Presentation: Subprime Goes to College ~ market folly

Washington clamping down on the industry and a rise in employment generating eieman decline in enrollment. Views Read Edit Eiman history. And look at drop-out rates. Who could you complain to? Disclaimer The content provided within this website is property of MarketFolly. View author archive Get author RSS feed. The rest went to marketing and paying executives. The for-profit model seeks to recruit those with the greatest financial need and put them in high cost institutions.

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It did better inreturning Eisman grew up in New York City, where he attended Yeshiva schools.

Are we going to do this all over again? This formula maximizes the amount of Title IV loans and grants that these students receive. David Goees hedge fund Conatus Capital had been long and sold out of their education plays. Adapted from a speech he gave to the Ira Sohn Investment Conference.

Use this information at your own risk. Upon nearing completion, the students learned subprlme not only would their credits not transfer to any community or four-year college, but also that their degree is not recognized by the American Association for Medical Assistants.

Steve Eisman’s Epic Takedown of the For-Profit Education Industry

Additionally, there are also numerous high profile detractors such as Jim Chanos who gave a negative presentation on for-profit education at last year’s conference. Retrieved February 12, But when the Bush administration took over, the DOE gutted many of the rules that governed the conduct of this industry.

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. Ira Eisjan Conference Notes: He attended the University of Pennsylvaniagraduating magna cum laude in They also go after GI Bill money and currently have ges teams set up to specifically target military students.

The fund performed poorly inreturning xubprime. Inside the Doomsday Machine.

Steve Eisman – Wikipedia

And this growth has resulted in spectacular profits and executive salaries. Investment Ideas From H His general thesis focuses on two factors: So what is the government going to do? After offering testimony to Senate Health, Education and Labor Committee on problems with for-profit higher education, Toes was criticized by progressive groups such as Citizens for Responsibility and Ethics in Washington on the grounds that he stood to profit from proposed regulations due to his short positions against private colleges.

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As we’ve detailed numerous times, the for-profit education space is an investor battleground with a clear divergence of opinion. In order to be eligible for Title IV programs, the universities must be accredited. We mention tuition prices as little as possible.

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 from she became assistant secretary of post-secondary education for the Department of Education under President Bush. We’ll watch with great interest to see how this one plays out. Thus, the government, the students and the taxpayer bear all the risk, and the for-profit industry reaps all the rewards.

Subprime Goes to College.