Friday, April 17, 2015

Under Obama the rich (colleges) are getting rich much faster

Explain to me how these ludicrously rich, wildly elitist and ideologically unhinged finishing schools for the cognitive one tenth of one percent deserve their not for profit status while everyone inside them screeches for the "rich's" heads.

The 10 richest universities in America hold nearly a third of the total wealth, in cash and investments, amassed by about 500 public and private institutions. The 40 richest hold almost two-thirds of the total wealth.

And their financial edge is widening. These schools are drawing an outsized share of gifts to colleges and universities. Their assets grew at at a far faster rate from 2009 to 2014 than the portfolios of schools in the middle and bottom of the pack.

Those are the findings from Moody’s Investors Service, released Thursday, in a study of the balance sheets of 503 institutions in the portfolio of the credit-rating firm. The study illuminates the disparity between the haves and the have-nots in higher education.

Everything about these schools has become anti social and anti American. The first rich we loot should be the the Ivies and their equivalents.

Hat tip instapundit.

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