Pages

5/27/10

"Socially Destructive And Morally Bankrupt"

From Valerie Strauss:
Steven Eisman, the Wall Street trader who starred in Michael Lewis’s book, “The Big Short”:

"Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the sub-prime mortgage industry," said Eisman, of FrontPoint Financial Services Fund. "I was wrong. The for-profit education industry has proven equal to the task."
Read the whole thing here.