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Author Topic: MORE Bad News for Penn State-UPDATE  (Read 1187 times)
Marshal Dillon
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« on: July 24, 2012, 05:17:01 PM »
This is incredible, they are getting hit from every direction. What next, they get downgraded to junior college status academically?



Quote
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


 
« Last Edit: July 24, 2012, 05:53:00 PM by Marshal Dillon » Logged
SOCIALISM IS A PHILOSOPHY OF FAILURE, THE CREED OF IGNORANCE, AND THE GOSPEL OF ENVY; ITS INHERENT VIRTUE IS THE EQUAL SHARING OF MISERY.
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Marshal Dillon
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« Reply #1 on: July 24, 2012, 05:52:34 PM »
Quote from: Marshal Dillon on July 24, 2012, 05:17:01 PM
This is incredible, they are getting hit from every direction. What next, they get downgraded to junior college status academically?



Quote
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.


Quote
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.


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« Last Edit: July 24, 2012, 05:54:17 PM by Marshal Dillon » Logged
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« Reply #2 on: July 24, 2012, 06:06:53 PM »
Well, snap.  This is really sad news. 
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Marshal Dillon
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« Reply #3 on: July 24, 2012, 06:39:22 PM »
Quote from: Chechem on July 24, 2012, 06:06:53 PM
Well, snap.  This is really sad news. 


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


 
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SOCIALISM IS A PHILOSOPHY OF FAILURE, THE CREED OF IGNORANCE, AND THE GOSPEL OF ENVY; ITS INHERENT VIRTUE IS THE EQUAL SHARING OF MISERY.
—WINSTON CHURCHILL
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