January 25, 2014

HIGHER EDUCATION BUBBLE UPDATE: Yeshiva University’s Bonds Downgraded to “Junk.” “Moody’s sees an institution without much liquidity, that relies on credit to support operations and with ‘severe cash flow deficits leading to financial resource erosion.’”

Plus: “Yeshiva University’s 2012 tax return lists President Joel’s compensation as $1,242,424, and eleven other salaries in excess of $600,000.”