Heavy Lifting - thoughts and web finds by an economist
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Friday, October 03, 2008
Many in higher education think they sit fairly comfortably as the "greedy" private sector suffers from their reckless behavior. Well, maybe this will change some people's minds:
In a move suggesting how the credit crisis could disrupt American higher education, Wachovia Bank has limited the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund, raising worries on some campuses about meeting payrolls and other obligations.
Short term credit markets - it's not just for "greedy corporations" anymore.
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