The top five college and university endowments reported a combined value of over $100 billion at the end of 2007. That's five funds, a hundred billion in cash. Not a nickel in tax. Not an ounce of outrage.

Harvard University, which has the largest endowment in the country, has a total of $34.6 billion.

Schools with large endowments (at least $500 million) reported spending an average of 4.4 percent of their stockpiles in 2007. Meanwhile, those same schools made an average of over 19 percent on their money.

I also have another problem, and that is how these sanctimonious institutions who are so good at complaining about the injustices of our government are nothing but really highly educated hypocrites.