Not So Well Endowed

Schadenfreude alert from the Insta-ticker:
FORBES: College Endowments In Jeopardy. “College and university endowments in the United States and Canada collectively lost $93 billion during the 2009 fiscal year, according to a study jointly released Thursday by the National Association of College and University Business Officers and the Commonfund, which manages investments for nonprofit institutions
I fail to see what the problem is. Don't they know they can just print stacks of money to make up the difference?

I am sure China is just waiting for the chance to go long on 'Harvard Bucks'.....

On the other hand...there are a lot of TARP funds that could be looking for a loving owner....

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