MORE Bad News for Penn State-UPDATE

[Marshal Dillon]

This is incredible, they are getting hit from every direction. What next, they get downgraded to junior college status academically?

Penn State has about $1 billion in debt, Moody's said. A downgrade could make it more expensive for Penn State to borrow money, which would be another long-term cost in a scandal that has already cost the school immeasurably.

Read more: Click here for link

Click here for link


 

[Marshal Dillon]

This is incredible, they are getting hit from every direction. What next, they get downgraded to junior college status academically?

Penn State has about $1 billion in debt, Moody's said. A downgrade could make it more expensive for Penn State to borrow money, which would be another long-term cost in a scandal that has already cost the school immeasurably.

Read more: Click here for link

Click here for link


 

Sheesh! Less than 15 minutes after I started this thread, Penn State takes another huge hit. The wolves are out and they want Penn State blood.

State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school's credit rating, suggesting the price of the sexual abuse scandal could go well beyond the $60 million fine and other penalties imposed by the NCAA.

Click here for link

[Chechem]

Well, snap.  This is really sad news. 

[Marshal Dillon]

Well, snap.  This is really sad news. 

LOL!! Try not to get too sympathetic and upset.


 

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