MONEY TROUBLES AT OBERLIN: Gibson’s Bakery: “there is serious concern about [Oberlin College’s] ability to pay this sizeable judgment three years from now.” “With interest running at over $4k per day, Oberlin College seeks stay of execution of Gibson’s Bakery $32 million judgment, but doesn’t want to post a bond. . . . Will Oberlin College be able to secure a bond? Probably, but it might not be as easy as you would think. At a minimum Oberlin College would have to pledge substantial liquid collateral, perhaps even 100% of the total judgments plus enough to cover interest. The insurance companies writing these appeal bonds want to take zero risk. It’s possible that Oberlin College could get another financial institution to guarantee payment to the insurance company, but Oberlin College’s credit rating already is under pressure.”