I am making no "argument" re ITT. You are the idiot making the argument that ITT put itself out in the market as an Ivy League School and that it is a ponzi scheme. You are a total idiot. You just say the stupidest stuff and are trying to mount some kind of consumer support so that you can get other taxpayers to pay off your student loan. You are a deadbeat.
My goodness. No wonder why you could not graduate from ITT. You are so frigging stupid. It is hard to even begin to understand the garbage you posted as it makes no sense. For instance, what problems is ITT ignoring? Have you been reading any of the SEC filings or company reports? There is not a single problem that is not being addressed. Most problems are simply a joke, like the ridiculous consumer financial bureau case. Second, I think you should look up what a ponzi scheme is. ITT is not a ponzi scheme in any way shape or form and you are simply ignorant. ITT not being an IVY League school is a trade secret? Are you serious???? That is absolutely hilarious. Dude, you are simply such a frigging moron it is hard to believe.
Do everyone a favor. Pay off your student loan like a real man would. Stop trying to blame other's for your own failures in life. You made you own choices - now own up to them. And forget about trying to get some other tax payer to payoff your student loan for you. It isn't going to happen. And you asking for that to happen is simply beyond lame. You and quantum are made of the same low rent cloth.
I think that you may be correct. The US government would not let computer memory maker Micron fall into foreign hands this year when a bid was made for it. The US without a domestic iron ore producer is a national security risk for sure.
I do not have to prove anything. You are the one making idiot claims about ITT with absolutely no facts or support other than some complaining yo-yos like yourself who were unable to finish the program and then started crying like babies because you did not want to pay the taxpayers back the paltry one half of one semester tuition that you borrowed. Pull your head out of your backside. You are so late to the "complaining about ITT" party it is ridiculous. You have no clue what you are talking about and your claims are nothing more than you moaning about a loan that you took out under your own judgment and now do not want to repay. You would rather have some taxpayer repay your loan for you. That means you are a 100% deadbeat.
you are a complete idiot. If what you were saying is true about ITT charging 3 times what an Ivy League school charges (which happens to be a total lie and I defy you to put up the figures for such) and you attended the school, then you are a total lame brain moron. You are then saying to everyone that you failed to do any homework on ITT and the other education options available. Why didn't you go to an Ivy League school if that were the case? If that is the case, then you are flat out stupid. That said, everyone knows you are full of #$%$ as an Ivy League school costs +$50,000 per year, or $200,000 for four years. ITT has never had ANY program that costs anywhere in that area. An ITT education does not even cost anywhere near $100,000, let alone $50,000. Go ask that moron deadbeat quantum who has +$100,00 of debt from some other lame school (not ITT). He knows the figures. The average ITT student leaves with something like a paltry $22,000 in student loans. That is squat and less than half the price of a car, which lasts maybe 5 years. Go get a life and stop polluting this chat board with your trash talk garbage. You are just making yourself look stupid. It is also clear that you flunked out of ITT as your were unable to graduate and so go look in the mirror if your want to see who is responsible for that.
Keep on screaming like a spoiled brat and idiotic tool. No one cares or is listening to you. You are just some low life that figures all education should be for free, which is another way of saying that you want someone else to pay for you so you can get a free ride. You are so frigging lame. I do not have to prove anything either, and certainly nothing against your pathetic claims about ITT. You supposed arguments are so ridiculously out of context, display such an enormous lack of understanding about the US education system, it just makes me laugh at you.
You are a real piece of work moron. You think running a school with +100 campuses nationwide in easy. And the industry is regulated through the nose by multiple federal and state government authorities. And you have to have your curriculum thoroughly vetted by third party independent authorities that are approved by the federal government. And the curriculum you offer is in highly professional and difficult specialties, which requires that students make a 100% commitment tot he work load. Well, low and behold, some people don't cut it. They don't graduate as the program is too tough. And these are the ones that then complain. And you listen to their arguments about how awful this that or the other is at ESI, yet you not once cite any of the hundreds of thousands of ITT graduates over the years that are gainfully employed in awesome careers. Fortunately, some of these graduates have posted on the chat board here to set idiots like you straight. But it does not matter. Narrow minded idiots like you could be starving and have a steak dinner put in front of you and your would scream that you cant eat it as it is overcooked. Take you idiotic blabber elsewhere.
Quantum is a washed up tool who ran up +$100,000 of student loan debt at a school that was not ITT. He got his wife so depressed about it all that she had a heart attack and died. He is just a bitter man whose failings in life are his own responsibility. He refuses to accept his own failings as a person and he wants some other taxpayer to pay off his loans. He is simply pathetic. He figures that since the government forgave some debts for COCO students who got masters degrees in nail polishing, sun tanning, and foot massage, that the government should forgive the student loans for those who got nursing degrees and technology degrees (the most highly sought after educational backgrounds by employers in the market today). He is at this chat board as his only hope in life is to try to shirk his responsibilities for the choices he has made on his own. He represents the worst of people. I suspect that he may be looking for work with ISIS as he has heard that they are taking on new people right now.
Do you know that the average take-over price of a company bought in a buyout is like 11 times EBITDA. If ESI were to get a 7 times EBITDA multiple, the stock would trade at $30. And ESI is not going out of business. Their primary fields of study are nursing and technology. There is simply no way to enter these fields as a professional without specific education that a place like ESI provides, regardless of what the short sale pumpers here say. There is a massive shortage of professionals in these industries and it is only getting worse for the employers (and better for the professionals). The difficulty to the professionals is that getting the educational qualifications in these areas takes a ton of work and commitment. Many people simply fail at it in the process. If it were so easy, everyone would do it and there would be no huge nursing and technology personnel shortages. If you have skills in these areas, you are set for life given the demographics and industry trends.
If I was one of the big three, I would be buying every share and bond on CLF I could get my hands on. I get instant entry into the US. I get Bloom Lake for long term future development. I get a front row seat with the DRI pellet market. It is such a no brainer. Only issue is that the majors are so focused on the huge Chinese market that CLF may just not be big enough. When the DRI pellet market gets hopping, then the majors will get all excited though.
We are going to get some US government action to halt the cheap foreign government subsidized steel imports in the not too distant future. The US government knows it needs a healthy steel industry. The steel industry is one of the most important in this country for national defense. You can forget about any tanks, armoured vehicles, battleships, other attack ships, weapons, cannons, etc etc without the steel industry. And no way is the US going to depend on foreign governments to be sole source suppliers to the US for our infrastructure. That will go over really well. Headlines: "US buys foreign steel to build roads, tunnels, bridges, and for US military purposes while US steel companies go out of business and workers get laid off!" I dont think so.
The issue is that China steel demand is below expectation. They sell their steel to other countries who then also sell their own overproduced steel into the US. The short term slowdown then drives iron ore prices down, which then puts subsidized foreign steel at even lower prices. Foreign producers do not have anti-pollution laws, so they can use low priced #$%$ iron ore while US manufacturers have to adhere to stringent pollution laws. It is all a scam and the US government will act with punitive tariffs. It is just a matter of time.
Doesn't matter what you correct in your posts. You have proved yourself a complete idiot. You have no info or anything that is any added value. You post some statistics that are completely out of context in the whole education space. Hey, there are very very high default rates at the leading law schools and medical schools. Go post some of those stats and what the student debt loads are from those programs. And a lot of those lawyers cant get jobs. You are simply a short basher hack and everyone sees you for what you are. Don't fool yourself that people here don't have you figured out as a total jerk and idiot that is posting to support some hedge fund's long played out short position.
You are beyond stupid. Are you serious with this post??? Are you really that dumb??? ESI has insurance that covers the bulk of the settlement. The settlement is driven by the insurance companies. They would rather settle than go through an expensive long trial. It is all part of the insurance company's cost of doing business.
You need to find something else to do with your time than to pollute this board with your disgusting posts, slanted ill-informed views of things that you know nothing about. Go crawl back into your rat hole.
Can you imagine if this had happened in the US. The Gulf oil disaster cost the oil companies $25 billion at least and the oil that supposedly was to cause havoc all evaporated quickly. In this Samarco disaster, you have towns completely wiped out, people killed, huge swaths of land for miles and miles covered in toxic mud, rivers destroyed and polluted and now the atlantic coastline fouled. If this were the US, it would be a media frenzy of biblical proportions. The pictures would be blasted at every media outlet 24 hours a day. The cleanup costs would probably run +$20 billion (replacing whole towns, compensating victims, compensating businesses, environmental damages, massive land and shore line reclamation work beyond imagination, cleaning and dredging the pollution from fouled rivers, governmental penalties, and so on).
I know a lot about business, but I also know even more about who is a moron short pumper, posting garbage on message boards. You are the prototypical idiot short pumper and totally late to the ITT short sale manipulation game. You are looking like a complete idiot with no difficulty at all. You are posting absolutely nothing new or interesting in the least bit. Go find something else to do. Maybe something that is even remotely productive.
A moron like you would rather go work for Valeant Pharmaceuticals whose business model is to overpay for other companies with borrowed money, fudge the accounting, use illegal specialty pharma distribution arrangements to pump revenues, quadruple the prices of the drugs sold by the companies you just purchased, screw taxpayers by artificially moving the "headquarters" to some bogus overseas location while you keep the real operational corporate headquarters in the US, and have the US government through medicare pay for every prescription drug sold to a consumer. Go do something productive with your pathetic life other than post your garbage here.
You are a complete idiot. You have no clue what graduation rates are for any schools of any type in the US. You think that everyone that goes to school is a straight A student that goes to Harvard for free. Wake up moron. How about you post the graduation rates for all different types of schools including community colleges.
Everyone here knows that you are a pathetic paid basher. You don't even need a high school education for that. Next thing we will see you doing is starting a school on how to be a paid stock basher.
You are a total loser. You took out over $100,000 in student loans of which only a small fraction were from ITT. Now you want other taxpayers to bail you out for your idiotic behavior and your huge loans from other schools which have nothing to do with ITT. You have a completely warped value system. And what was the ITT education that you pursued...nursing, technology? People with educations in these areas are without question the most sought after by employers in the US by a huge margin.
Do everyone a favor and go cry in a closet so people here do not have to listen to your lame complaints. Stop bothering everyone with you pathetic tale of woe. And pay off your student loans like a man and stop being a pathetic loser.
Wow. I figured that the damage would be localized in the interior region of Brazil. Now it has killed rivers and is polluting the Atlantic coastline. Ugh. What a mess.