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ITT Educational Services Inc. Message Board

  • oxledge oxledge Aug 7, 2012 12:35 AM Flag

    Why did Harskin permit Steve Eisman to appear before his committee

    It is amazing that Harskin allowed Eisman to appear before his committee on education. Eisman was known to have a clear financial incentive to drive the share prices down in the sector and was no doubt a far from objective observer. Even worse is that Eisman's firm was at the time indicted for and then plead guilty to insider trading. Yep. True. Eisman's hedge fund firm plead guilty to felony and insider trading. Morgan Stanley owned a majority of Eisman's hedge fund firm and had raised him alot of money to manage from the Morgan Stanley cient base. Morgan Stanley pulled the client money so fast and they shut the crap down and Eisman lost his job. Couldn't have happened to a nicer guy. I can only imagine how much money Eisman lost in that deal. His hedge fund stake went to ZERO! It is amazing that he somehow escaped jail time.

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