Wells Fargo Bank helped destroy Corinthian Colleges (COCO), especially the Heald and Wyotech brands. It has damaged the lives of so many students who are in debt peonage. Rather than prosecuting criminals at Wells Fargo or COCO, or providing relief to students, the US government has sided with the banks and other predatory corporations. What's left of Corinthian Colleges is difficult to assess. However, the predatory ECMC will take over much of COCO's assets. So what should you expect from a greedy predator, of people like David Hawn? Do your homework and tell me what you see....http://www.huffingtonpost.com/2014/11/20/corinthian-ecmc-for-profit-colleges_n_6195354.html?utm_hp_ref=tw
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@Voice of It, you could look at it that way. But those people were only complicit in a system that Wells Fargo exploited for years. How about listing the people, by name, who you hold responsible?................"Wells Fargo bank. Wells Fargo, one of the biggest banks in the U.S., is the largest institutional investor in Corinthian, with about $22.5 million in shares of a company whose market capitalization is now $133 million. Market analyst Trace Urdan of Wells' investment banking division, Wells Fargo Securities, has been a consistent defender of Corinthian, blaming "subprime students" for the setbacks they face after enrolling at the company's colleges. In the wake of California's lawsuit, Urdan took issue with Harris's characterization of Corinthian as "predatory," but, in a report to investors, he conceded, "we cannot discount the potential impact of the press coverage in what is the company's largest state." Still, Urdan sought to reassure investors that Corinthian higher-ups were not complicit in the bad behavior, and that the company, in which Urdan's company is the largest owner, would be cleared:".................. http://www.huffingtonpost.com/davidhalperin/who-owns-the-awful-corint_b_4101323.html
Your an idiot for this post. Wells Fargo had nothing to do with the demise of CCI. It was the mismanagement of the corporate office and the individual campuses for falsifying student records. In our review of the requested records we verified where placement and grades were changed and modified after posting dates. IT really is that simple plus given the fact CCI was funding gap loans for students also did them in for the burn rate on those payments.
As much as you would like to believe it and that it fits so well I don't think the people involved were really looking that far ahead. You are talking viewing this outcome more than a decade ago. All you have to do is look at the change in management over the time period or the organizations and can see they never looked that far ahead.
It's a clear cut Rope-A-Dope.
I'd rather have a predatory debt collector than a predatory lender (CCi). Someone has to clean up the mess, right?