Steve Eisman is one of the few people who saw the sub-prime mortgage crisis coming and bet against it, ultimately making hundreds of millions of dollars. Now he’s found a new target, for-profit colleges who pump in really poor students and pocket the majority of the government education grants / loans those students get. Click through for his slides.
Education and healthcare. It’s the same story in terms of the money, the legacy, and the obstacles that need to be overcome to truly make change.