Why Wall Street fat cats are sweating Trumps war on woke colleges
News Source : New York Post
News Summary
- Wall Street fat cats are predicting a huge hit to their business if Trump carries out his proposed punishments for these institutions of leftist higher learning
- The administration has also proposed imposing new and significant taxes on the colleges’ endowments
- Currently, much of the money is locked up in private equity investments – pools of cash invested in private companies that earn a return when they IPO
The Trump administrations assault on woke universities is not only squeezing the budgets of some of the nations elite schools, but also threatening private equity firms and hedge funds, On The Mon [+3849 chars]
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