This is sort of a perfect storm for refund requests: https://apnews.com/f18a0a48925a19586e4d810f6e88eff3 … The money is ~spent. COGS for college education rounds to zero; it's structurally CAPEX and OPEX.
-
Show this thread
-
The dollar amounts are high enough to motivate a lawyer, even on a single case. You can trivially find thousands of plaintiffs who have substantially identical facts. The facts are *extremely* favorable to them. The colleges have deep pockets but in many cases not deep enough.
1 reply 2 retweets 30 likesShow this thread -
I think people don't appreciate, when they hear about e.g. Harvard with the $X0 billion endowment, that most universities *don't have endowments*. There is *no equity layer to take losses.* They commit to paying a dollar every year for 30 years; they take in a dollar a year.
3 replies 4 retweets 37 likesShow this thread -
Maturity transformation is a dangerous business to be in, regardless of whether you do share buybacks or not, and many more organizations are engaged in it than believe they are.
1 reply 3 retweets 41 likesShow this thread -
. @ByrneHobart had a newsletter about it recently or see generally any text about banking.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.