Huffpost College

Investor Steve Eisman RAILS On For-Profit Colleges

Posted: Updated:

Steve Eisman, the outspoken investor whose huge wager against the subprime mortgage market was chronicled by author Michael Lewis in his bestselling book The Big Short, has set sights on a new target: for-profit colleges of the kind of you might see advertised on daytime TV and at bus stops. Think ITT Educational Services, Corinthian Colleges, or Education Management Corporation.

In a speech titled "Subprime Goes to College," delivered Wednesday at the Ira Sohn Investment Research Conference, Eisman blasted the for-profit education industry, likening these companies to the seamy mortgage brokers who peddled explosive subprime loans over the past two decades.

Read the whole story at Mother Jones

Around the Web

Ira sohn Investment Conference Notes

Education Sector Sinking as Eisman Says He's Short Several Stocks (EDMC, NAUH ...