October 17, 2008

Credit Squeeze Exposes Weaknesses in Investments

By GOLDIE BLUMENSTYK and KELLY FIELD

The credit crisis tying global financing systems into knots has left hundreds of colleges scrambling for cash to pay their bills and to cover the spiking interest on their debts.

While it is still unclear to what extent the federal government's new $700-billion bailout package will help unwind the credit tangle, the crisis has exposed weaknesses in policies and management that left some institutions more vulnerable than they should have been. A few have already halted construction

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