Any predictions here? Are we going bankrupt?
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Bankruptcy won't provide much protection from the real problems, which include the federal rule changes and the California AG's lawsuit and the investigations by a dozen or more other states.
I'd bet that executives at Wells Fargo and Barclays have been talking about the pros and cons of a CCi bankruptcy. Banks and financial funds don't like losing money, no matter how many tens of billions of dollars they get from corporate welfare every money (e.g. quantitative easing). But if CCi were to go bankrupt (with EDMC also facing similar circumstances with Goldman Sachs), it could shake up the for-profit college industry and for other predatory practices In other words, the big banks and hedge funds may see a bankruptcy as a slippery slope they don't want to go over--unless they can get bailed out (again). It'll be interesting to see what Barclays proposes for CCi and how it will affect students and workers.