The LA Times reports that the geniuses at the Los Angeles County Museum of Art issued bonds to pay for their glorious expansion (homage to their egos) and now due to financial turmoil, they are stuck paying ridiculously inflated rates to bondholders.
All I gotta say is those people – the top art institutional administrators – they are just not as smart as their titles, positions and attitudes all imply. And is costing LACMA (actually, we the people) millions.