Harvard: The Inside Story of Its Finance Meltdown

Stocks were tumbling last fall as the new school year began, but at Harvard University it was as if the boom had never ended. Workers were digging across the river from Harvard's Cambridge, Mass. home, the start of a grand expansion that was to eventually almost double the size of the university. Budgets were plump, and students from middle-class families were getting big tuition breaks under an ambitious new financial aid program. The lavish spending was ... Full Story »

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Fred Gatlin
3.8
by Fred Gatlin - Feb. 28, 2009

A vivid example of what happens when one plays with fire. In the market no one person or institution is sacred. If you break the rules you will get hurt.

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