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Congress Is About To Gut A Depression-Era Law To Help Wall Street

2/12/2016

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By Zach Carter - Senior Political Economy Reporter -The Huffington Post
Casino kingpin Caesar's and for-profit college empire Education Management Corp. (EDMC) are both faltering under mountains of debt. EDMC was owned by Goldman Sachs, Leeds Capital Partners and Providence Capital before reorganizing, and it is now controlled largely by Kohlberg Kravis Roberts. Caesar's was owned by Apollo Global Management and TPG Partners before its reorganization process began. Both companies -- and their Wall Street owners -- want to rewrite the terms of their existing debt contracts without the consent of some investors who own that debt.
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  • Home
  • Where Do I Start?
  • Know Your Loans
  • Defense To Repayment
    • Denials - Defense To Repayment
  • Private Schools
    • Argosy University
    • Art Institutes
    • Brown Mackie College
    • Corinthian Colleges Inc.
    • DeVry University
    • ITT Technical Institute
    • South University
    • University of Phoenix
    • Westwood College
  • Lenders
    • ACS
    • AES
    • Firstmark
    • Great Lakes
    • Navient/Sallie Mae
    • Nelnet
    • University Accounting Services, LLC
    • Wells Fargo
  • For-Profit Companies
    • Alta Colleges Inc.
    • Apollo Education Group
    • Bridgepoint Education
    • Career Education Corporation
    • Corinthian Colleges, Inc.
    • DeVry Education Group
    • Dream Center
    • EDMC
    • ITT Educational Services, Inc.
  • News Feed
  • Contact/Help
  • Donate