Remember, readers, U.S. Banks Driving Credit Crunch ON PURPOSE!
It's what would be called BLACKMAIL and EXTORTION if you or I did it!!!
"Financial chaos threatens to besiege universities" by Peter Schworm, Globe Staff | October 3, 2008
Amid a deepening financial crisis that has sapped college endowments, college and university officials are grappling with the growing fear that the Wall Street turmoil could cast a shadow over nearly all their operations.
Well, here are a couple "endowments" that are not hurting:
There is ALWAYS ENOUGH $$$ for RICH PEOPLE! Strange how that works out, 'eh, shit-eating AmeriKans?
Administrators at small colleges and large universities across the state huddled in tense meetings this week to discuss worst-case contingency plans and appraise their financial status after the market meltdown. They are scrutinizing everything from budgets and building plans, to how they and their students borrow money.
All for a PURPOSE-DRIVEN CRISIS!!!! How does that dildo feel up your ass, AmeriKa?
A protracted downturn would deliver a heavy blow to colleges and universities, administrators and higher education specialists say. Cash-strapped schools could be forced to raise tuition, while families would probably find loans and financial aid harder to secure. Adding to the unease, most colleges have watched their endowments fall sharply in recent months and expect fund-raising to suffer.
NOT Harvard or Yale, though; they made out JUST FINE!!!
Of course LARGE TRANSACTIONS are still happening (See: Mitsubishi Buys Morgan Stanley, Goldman Sachs' Government Loot Grab and Bain Buys Lehman Brothers); the RICH ELITES DRIVING THIS AGENDA can still get $$$$$!
Just NOT YOU, Amurkn!
Despite the market turmoil, schools such as Boston College and Suffolk University said ambitious expansion projects were proceeding as planned. Harvard University said administrators were considering all their options. "It's impossible to forecast all the ways in which we'll be affected," said Harvard spokesman John D. Longbrake.
WTF?!!
But some officials at other schools expressed concern about the availability of credit and higher costs of borrowing. Chris McCarthy, executive vice president for finance and administration at Assumption College in Worcester, said a chaotic market, particularly for tax-exempt bonds, has made schools leery of debt.
Aren't bankers the WORST PARASITES you have EVER SEEN, folks! I say FUCK the BANKS!!!! Fuck the INTEREST PAYMENTS that are BREAKING US!!!!
At the same time, public colleges and universities are bracing for imminent cuts to state government subsidies that could lead to higher costs for students.
TRILLIONS for BANKS and WARS and.... (how many times I gotta say it?)
University officials worry that the state's deteriorating budget situation could also threaten Governor Deval Patrick's ambitious education proposals, such as tuition-free community college. --more--"
Oh, you can FORGET THAT!!!
Just ONE MORE BROKEN CAMPAIGN PROMISE by a "different kind of governor!"
