October 15, 2013

Who Owns The Awful Corinthian Colleges? Wells Fargo, Marc Morial, Pension Funds

Kamala Harris

Last Thursday, California’s attorney general, Kamala Harris, sued Corinthian Colleges, one of the country’s biggest — and worst — for-profit college companies, for “false and predatory advertising, intentional misrepresentations to students, securities fraud and unlawful use of military seals in advertisements.” Harris’s lawsuit claims that Corinthian, which operates the schools Heald, Everest, and Wyotech, deceived prospective students, investors, and
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June 6, 2013

For-Profit College Analyst Says “Subprime” Students Are To Blame


A Wells Fargo stock analyst, who boosts for-profit colleges while frequently overlooking their abuses, lays the blame for one particularly predatory college’s high failure rate at the feet of low-income students, or, as he calls them, “subprime” students. Summarizing a presentation by Corinthian Colleges, which has one of the worst records of serving students of
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May 20, 2012

Its Customers Are Decimated By Foreclosure, But Wells Fargo Lobbies Against Increased Oversight

Norman Rousseau, a Newbury Park, California resident, spent last Saturday trying to fix an old RV. His house was being foreclosed upon by Wells Fargo and he apparently wanted to make sure his family had somewhere to live. But Sunday mid-morning, he shot and killed himself, CBS Los Angeles reports. The Rousseau family has been
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