From the Montepelier Times Argus’s UVM money frozen: “Wall Street’s financial meltdown has hit Vermont’s largest college. The bulk of University of Vermont’s $79 million investment in a short-term fund used to pay day-to-day expenses was frozen this week by Wachovia, the fund’s trustee. UVM is among 1,000 colleges and private schools around the country affected by Wachovia’s freeze of the Commonfund, a nonprofit fund established in 1969 for colleges, universities and other nonprofit groups to park their short-term cash and endowment money.”