Heavy Lifting - thoughts and web finds by an economist
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Friday, October 03, 2008

Who's ox is getting gored now?

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.

More here

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