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Corinthian Colleges Inc Message Board

  • archarch_60477 archarch_60477 Apr 30, 2013 9:17 AM Flag

    not bad for a 2 dollar stock, 400 mil in revenue, this whole industry needs to consolidate

    what do you think, why so many shorts

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    • Because "they" expected the Gainful Employment Law to have a significant impact ... only today's news clearly sends a signal that it will not ... Panetta is a signal that should not be ignored
      The U.S. Department of Education announced this morning that it will conduct new hearings and rulemaking proceedings on a range of higher education issues, including the contested "gainful employment" rule, which is aimed at curbing the abuses of predatory for-profit colleges.

      Last month, a federal judge delivered his second blow in less than a year to the gainful employment rule. Judge Rudolph Contreras, of the U.S. District Court for the District of Columbia, upheld the administration's power to enact the rule, but, in a lawsuit brought by expensive lawyers hired by the powerful for-profit college industry, he found two defects and blocked the administration from enforcing it.

      Obama's team, which has faced a relentless attack on the rule by industry lobbyists and has plenty else on its plate, might have been tempted to put the whole matter aside.

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