Trump Sticking It to Hedge Fund University!

Trump Sticking It to Hedge Fund University! www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Donald Trump's sticking it to hedge fund university. Listen, man,
you know, Donald is stealing a lot of my ideas.
He is, not that I'm mind, not that I care
the things that he is proposing he's putting out. These
are all things that we've been talking about for some
time here on the program. He just talked about his

(00:37):
plan here to start taxing college endowments.

Speaker 1 (00:43):
That's right.

Speaker 2 (00:45):
He went off saying, how we spend more money on
higher education than any other country to world, yet they're
turning students into communists, terrorists, and sympathizers of many, many,
many different dimensions. We can't let this happen, says Donald. Well,
he's going to take the billions and billions of dollars
that these hedge funds have. Are these hedge funds, because

(01:05):
that's their hedge funds, colleges, hedge funds, whatever it may be,
They're going to start taxing. They're going to start going
after them, and they're going to use that money to
create And again this is his idea. This is not
part of mine. I'm all for tax and the endowments
and going after Hedge Fund University. He wants to put
together a new institution this is not going to cost anything,
called the American Academy. Its mission will be to make

(01:29):
a world class education available to every American free of charge,
and do it without adding a single dime to the
federal debt. This institution will gather an entire universe of
the highest quality educational content covering the full spectrum of
human knowledge and skills, and make that material available to
every American citizen online for free. He said, whether you

(01:52):
want lectures or an ancient history, or an introduction to
financial accounting or training in a skill trade, the goal
be to deliver it and get it done properly, using
study groups, mentors, industry partnerships. In the latest breakthrough in computing,
this is fantastic.

Speaker 1 (02:09):
It really is.

Speaker 2 (02:11):
Again, I can't say enough for Hillsdale College, who does
a great job with their lecture series and the courses
that they have online. It is truly amazing. With the
type technology that we have today and the ability to
get all of this information out and how expensive colleges
and universities have become. Again, I have this conversation with

(02:33):
my kids all the time. I laugh, I said, you know,
you guys don't know what microfiche is and card catalogs
and actually having to go to a library and check
out books for your papers and all that jazz. But
Hedge Fund University. I wrote a column about this back
several years ago, and basically it was talking about the again,

(03:01):
how much how much the private college is spent, you know,
basically in contrast with the twenty five percent of all
private college spent more than they earned in twenty seventeen.
This is including the increase intuition. This was twenty seventeen.
It's gotten worse instead of better according to the College Board. Okay,

(03:27):
this is twenty sixteen, twenty seventeen. It's the column I
wrote several years ago. Nine six hundred and fifty for
in state public, twenty four nine and thirty for out
of state public and thirty three for eight zero for private.
It's much higher now again you take a look, and

(03:48):
what we did is just where the money was spent.
And since nineteen eighty. The number of administrators per student
at colleges has more than doubled. Most campuses, their numbers
now match the number of faculty. And again you got
all of these other programs as well, and DEI nonsense,

(04:11):
and all of this this absolute garbage that colleges and
universities have managed to send and shove down people's throats. Now,
why how do you put a product out there? We'll
get a lot of product that people want to have.
They want to get ahead, whatever it may be. Parents again,
they want their kids to go on to college, all

(04:33):
that good stuff. Well you start saying, hey, government's got
to step in. Hey, we're going to start subsidizing this.
We're going to give you student loans, We're going to
give you aid. Colleges and universities. Gee, that's great, we'll
take that aid and guess what, we'll raise the price.
Not to mention the fact that colleges and universities have
no skin in the game none. Now that they can

(04:54):
roll out any stupid major they want. A kid could
fail out. They can pass kids through kids not making
any money, not on them. It's not on them. The
taxpayer is footing a bill, lending the money to these kids,
they're made whole again. It's one of the greatest rackets

(05:14):
of all time here in the United States. And I
think what Trump wants to do is fantastic. But again,
you really want to get the cost of colleges and
universities down, real symbol not a difficult thing to do.
Get rid of aid, get rid of loans. You do that,
guess what, like everything else in the world, will have
to price their product based upon what people can afford

(05:38):
to pay. Another quick bit of advice as well. Parents
out there, they ask you to fill out that fobs
of form. Don't that's right, don't do it. Okay, if
you are playing poker, and I'm not a big card guy,

(05:59):
but I know enough, I know enough that if you're
playing poker, you might not want to show the other
players your cards. I keep thinking of that picture of
Kim Kardashian playing poker in Vegas and she's wearing mirrored sunglasses.
See your cards in the glass. But anyway, why would
you show them? Why would you tell them how much

(06:20):
money you make or what you do. Listen, you know
you're much better off going to the college and university
and negotiating just that simple negotiate. You want my kid there,
This is what I can afford to pay. You'd be
surprised at what they're willing to do. Watch Dog on
Wall Street dot com