DISPATCHES FROM THE EDUCATION APOCALYPSE: Harvard University is no Shake Shack.
Harvard could have had a Shake Shack moment.
But it took President Trump to pry one out of them.
“Harvard should pay that money back,” Trump said Tuesday during a coronavirus press briefing. “This isn’t meant for one of the richest institutions, far beyond schools, in the world.”
The university is now giving the bailout funds a pass.
It would be great if people and institutions did the right thing as a matter of course. These days, we have to take what we can get.
As “recovering investment banker” Carol Roth recently tweeted, “A reminder that Harvard, basically a hedge fund masquerading as a university with north of $40 BILLION in assets in their endowment, received $9 million under the “CARES Act” while small businesses are being told that funds to help them have run out.”