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“Moody’s Downgrades Yeshiva University Five Notches to B1”

This just in.

As I’ve said repeatedly on this blog, Yeshiva University’s financial collapse was not the work of a day. (Go here for background.) It took a special mix of trustees Bernard Madoff and Ezra Merkin, decades of indifference to the sexual abuse of students, and, more recently, a useless, self-righteous, and highly compensated president, to kill the school. Yeshiva’s board of trustees remains dominated by outstanding moral specimens like Zygmunt Wilf (“the judge decided that the Wilfs showed ‘bad faith and evil motive’ in a case she said was unlike any she had ever seen in New Jersey.“). Wilf and his fellow trustees have been so riddled with conflict of interest that the board seems to have been little more than “an investment club.”

How much lower can Yeshiva go?

Yeshiva, UD feels confident, is capable of falling much farther. Indeed, she anticipates that the school will have to close.

Margaret Soltan, January 10, 2014 8:54AM
Posted in: screwed

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4 Responses to ““Moody’s Downgrades Yeshiva University Five Notches to B1””

  1. MattF Says:

    Junk, now officially.

  2. David Bressler Says:

    As my grandmother used to say, “From your mouth, to god’s ears”.

  3. charlie Says:

    Public unis must maintain a high credit rating, if not, they lose accreditation. I’m guessing that the same criteria holds with private ones, as well. Even if doesn’t, pretty much over for Yeshiva, try getting any construction loans with that credit score….

  4. University Diaries » Paul Berger, a Writer for The Forward, has been able to make a career out of following… Says:

    […] of trustees and some former trustees, like Bernard Madoff and Ezra Merkin), its reduction to a Moody’s basket case, represents one of the most stunning university stories of the decade. Berger has been right on top […]

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