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College and University Discussion
Reply to "Harvard finances in bad shape"
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[quote=Anonymous]Ackman is an attention-starved media whore. His opinion is worthless. And universities issue lots of debt because it is cheap leverage - they can (at least for now) issue bonds tax-exempt at very low rates, and easily outperform that with their investments. So it is very normal for them to carry high debt loads. Some schools issued 100 year "century bonds" and the market was thrilled to buy it at very low rates.[/quote]
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