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Yep, colleges and universities are next.
It's the government "privatize profits, socialize risk" policy in action again. The colleges and universities were doing great during the stock market rise, they had their endowments invested, sometimes in hedge funds, and were banking big money.
Of course, when they were raking in $$$ hand over fist, that was all theirs, and they were brilliant.
But when a LOSS occurs, of course our government needs to step in with taxpayer money.
Good thing our government has big printing presses.
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