Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Cautious_Optimist who wrote (18611)	9/1/2010 8:43:23 PM
From: Mad2	of 18998

I think Loeb is timely and insightful in his thinking. I'm from Illinois and last evening I heard our senior Senator Durban lashing out at for profit educational institutions. An example he cited was a woman who got some degree in law enforcement from Westwood College, incurred $87,000 in debit only to find out afterwords that the degree wouldn't help her get a job in law enforcement (I guess I'm supposed to think Westwood stole 87,000 from this unsupecting woman...and Durban is going to prevent that from happening.......Hmmmmm who spends 87 grand without understanding what they are getting......how is govt going to prevent people from doing stupid things?) There were a number of other points made during this segment, however it was clear Durban is taking a page from Huey Long's populist approach to business vs. the "little guy". My view is when politician's sense discontent on the part of the electorate they will create an enemy because it creates the alluson that they (the politician) is needed and doing something of value. I think this is Loeb's point about "unpredictable govt regulation"........think in terms of a wounded or cornered animal. mad2

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