Trouble for Big Ten Endowments

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physicaleducation

bobygr8 of CA 2:33PM February 15, 2009

Dear Alison,

So as these are non-profits, the question becomes what was lost and how was it lost. If the value are based on reduced values of stocks, this is bad, but you still have the same assets, it is not so bad.

If the money was lost due to a Ponzi scheme, then this is really money lost.

One thing nobody talks about, is the people that we invest our money have a duty to inform us of the risk, and if it is a Ponzi type of issue, then the people that did the investment should be held to made responsible.

Mark Thompson of CA 3:53PM February 13, 2009

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