
Lee Fang takes a look at the bankruptcy filing for the for-profit Corinthian Colleges, and comes up with the usual suspects — on both sides of the aisle, but of course much more to the Repug side:
The filing doesn’t list amounts, but shows that Corinthian made payments to Crossroads G.P.S., a group co-founded by Karl Rove that has raised over $300 million to elect Republican members of Congress through campaign advertising. Crossroads G.P.S., a 501(c)(4) nonprofit, does not disclose any of its donors.
Crossroads G.P.S. spent over $700,000 to help elect Sen. Marco Rubio, R-Fla., during his 2010 election. As Bloomberg News revealed, Rubio later filed a letter with the Department of Education, requesting that the agency “demonstrate leniency” with Corinthian.
Corinthian registered only two lobbying firms last year — Akin Gump Strauss Hauer & Feld LLP and Akerman LLP. But the filing shows that Corinthian also paid a myriad of other consulting firms that work to influence the political process.
Corinthian’s creditor list includes: TheGroup DC LLC, a public affairs firmfounded by Art Collins, an advisor to Barack Obama’s 2008 election; Stanton Communications Inc., a firm that specializes in “crisis management”; and Strategic Partnerships LLC, a Virginia-based public affairs company founded by Kenneth Smith, a former Reagan administration advisor who now serves as the president of Jobs for America’s Graduates, Inc.
APCO Worldwide, a lobbying firm, is among the Corinthian creditors, though the firm never registered to represent Corinthian under the Lobbing Disclosure Act.
The listing reveals a number of payments to influential D.C. groups that have battled regulations on the for-profit college industry. The U.S. Chamber of Commere is listed multiple times as a Corinthian creditor. The Chamber has run campaign advertisements on behalf of opponents of the Department of Education’s “gainful employment” regulation, which would measure the performance of vocational programs. The Chamber made defeating the rules a top priority.
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