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View Full Version : My school got seized by the feds today!!!!!

robby
26 Feb 2004, 4:29am
Well, not exactly seized, but I go to ITT here in Houston and the feds now have it shut down for a thurough audit. I have no idea what is going to happen to my tuition or if I'll get my degree. Life is good.
a2jfreak
26 Feb 2004, 4:33am
When life throws you lemons, make lemonaide.

Were all the campuses closed, or just yours? If it's just yours I'm guessing you might can be squeezed into classes at some of the other campuses.
primesuspect
26 Feb 2004, 4:36am
sweet! My sister's workplace got raided by the armed division of the IRS once... I didn't even know that they had an armed division! It was, like, the IRS S.W.A.T... ;D
robby
26 Feb 2004, 4:39am
When life throws you lemons, make lemonaide.

Were all the campuses closed, or just yours? If it's just yours I'm guessing you might can be squeezed into classes at some of the other campuses.

Not all, but several. I was considering transfering to the DC campus soon, anyway.
Camman
26 Feb 2004, 5:28am
sucks for ITT:


Whatever the investigation reveals, it has taken its toll on ITT's stock, which fell 32.9 percent to close at $38.50 Wednesday. More than 8.9 million shares were traded, while average daily volume is less than 500,000 shares.


http://www.bizjournals.com/portland/stories/2004/02/23/daily25.html
Templar
26 Feb 2004, 7:15am
0wned. Hopefully all you're stuff is in order. Our cisco class used pirated software (Win2k and XP Pro) and even a couple of Maya installations. We would've gotten shut down if they audited us.
croc_
26 Feb 2004, 6:32pm
sucks for ITT:



http://www.bizjournals.com/portland/stories/2004/02/23/daily25.html

buy up yout ITT stock now while its low! lol
Templar
26 Feb 2004, 9:01pm
buy up yout ITT stock now while its low! lol

We had some people buy up thousands worth of HealthSouth stock when the Scrushy thing happened.. They bought it at around $0.15 / share. You can imagine how much money they're sitting on now.

I don't get why people sell when a company's stock goes down. Sure, you could end up losing money, but you can easily determine if a company will go under or not long before you lose too much. If anything, I'd be investing more in ITT. Maybe I'm just a stock market newb :p
Jolyon33
26 Feb 2004, 9:07pm
One word... Enron!!
DogSoldier
26 Feb 2004, 9:30pm
What about Enron..? You saying it's a bad investment? What do you know that I don't?!??