zenith also kept most school administrators and teachers.oes it concern you that zenith is operating corinthian with the same personnel that were there? >> well, the key thing is that schools that zenith runs have to serve students well. there's a monitor in place to help ensure that that occurs, and we're gonna do all we can to make sure that they're serving students well. >> smith: how would you grade the department on monitoring and investigating the abuses that we all know have gone on at these for-profit schools? >> so i would say an incomplete. i think we are making progress certainly compared to where we were when the administration began, but more to do. >> brand new regulations will hold these schools accountable for the value of their degrees. >> smith: in 2015, after five years of legal battles, the obama administration finally implemented a gainful employment rule. under this new rule, schools have three years to prove that they placed students in jobs which pay enough for them to afford their student loans. >> it'll take years f

november last year when the pfizer/allergen deal merger was announced and that was sort of the pinnacle zeniththing for the stock, and i think the stigma attached to that deal going forward has reely hurt this name. if people wake up and look at the balance sheets to your point, valuation 14 times forward earnings, as i mentioned, this company makes a lot of sense, especially with the money they have to be able to utilize in the environment that we find ourselves in. >> so i would look at just the biotech etf which is ibb which is the nasdaq ibb, nasdaq index which tends to have the smaller names in it, the ones that may be part of the m & a and what concerns me is not only do we have the political season coming up but we're approaching around $300 and that's been major resistance. before i got involved in them i would rather fade at 300 than buy into this. >> speaking of biotech etfs, want to go to the options pit because one trader is betting on troubles ahead for the sector but specifically the xpi. dan, head over to the smart board. >> that's the s&p biotech etf which is not the one that's

just think of the zenith phobic passions puling the current immigration caustic conversation consider the police community manifestations of brutality at the resulting mistrusts and mounting video evidence and daily data supported statistics that there is racialist stick malignancy in every system and aspect of the american way of life. i think we are going to need a moral revolution. materialism, what is it in america-- [inaudible] >> the political process, politicians, preachers, football players and their heads, body parts market share, prisoners, votes, life and death for higher our currency is imprinted in god we trust, but is it really true that in general money is god in our nation? money has more influence than regards to our values, our political affiliation, our social arrangements. markets values mean more than morals or our mamas. and agreed-- greed, i used to talk about grades in regards to money, buying elections and gun legislation and money determining attitudes regarding healthcare and prison complex or international alliances, but you and i were in seminary and the r