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So to mitigate the possible effects of the colleges all suddenly shutting down they were told to put up a huge amount of collateral, which caused them to all su
by chris_wot 10y ago
So to mitigate the possible effects of the colleges all suddenly shutting down they were told to put up a huge amount of collateral, which caused them to all suddenly shut down?
That's quite a mitigation strategy the government has going on there.
- johnnymonster 10y agoAnd I'm sure they 78mil they hand on hand is going to "disappear" to pay for "shutting down" their offices.
- keithwhor 10y agoReading between the lines: that was likely the intention all along. Better to deflate the bubble now than let it get any bigger.
- darkarmani 10y agoThey need to call it at some point. They might as well do it before the semester starts to get some of their money back.