And you wonder how the idiots in congress and all the idiots in America who don’t understand how modern finances work could screw things up? Go read this:

Bank Limits Fund Access by Colleges, Inciting Fears

In a move suggesting how the credit crisis could disrupt American higher education, Wachovia Bank has limited the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund, raising worries on some campuses about meeting payrolls and other obligations.