Earlier today, the Consumer Financial Protection Board (CFPB) filed a lawsuit against Corinthian, which alleges that we lied about our placement statistics and screwed students with the Genesis student lending program. We know we f**ked up, but we don’t think CFPB can prove it.
This is not fair! CFPB did not tell us they were having a press conference. Well, they mighta tried to tell us but I furloughed everyone so I mighta misseda message. But it is still not fair because we cant afford our own press conference to deny everything. I wrote that shit down and attached it to this email, which some of you will get. The IT guys are really pissed at me.
Rest assured, we are still for sale and you should shut your pie holes and quit posting on those stupid discussion boards. As soon as our stock hits a nickel, I am sure we can sell everything but remember, our greatest asset is student debt. You will be monitored to be sure you continue to sell more high interest loans. Don't worry, its not really predatory.