Reply #11: Actually the opposite is true [View All]

[AllentownJake]

When a big university loses money it is less likely to offer scholarships and that will reduce the number of, poor, lower middle class, and middle class people from going to that institution who have the intellectual prowess to enter a university of that caliber.

In fact, Harvard losing 1.8 billion dollars has the opposite effect of what you just posted. It guarantees that there will be more positions for the wealthy class to make up for that money because at the end of the day, they can't print their own money, they have to balance their budget like every other institution in the country that doesn't have TARP fund access or Tim Geithner's blessing to pay them 100% on the dollar on their bad bets with a bankrupt financial institution.

I know people who went to Harvard that weren't rich, they were just a hell of a lot smarter than I am. I guess I can shake my fist at God that he didn't grant me a few more IQ points. Seeing that I have an autistic brother, I don't do that, that often.