Via today's University Record (LINK):
President Mark Schlissel wrote a letter to the editor responding to a series of [Ed-BF: Freep] stories about U-M's endowment, and to a related editorial. He said the articles "invent conclusions and peddle innuendo not supported by facts," and that the editorial's premise was "irresponsible, incomprehensible and false."
Disclaimer: I haven't read Pres. Schlissel's letter, as it would require me to give the Freep a page visit (which I've not done since 9/1/09). I acknowledge that could be viewed as irresponsible, if I'm posting this. But I have no reason to believe Pres. Schlissel is amiss here. Given the choice of comparing the ethics of Pres. Schlissel vs. the Freep, there is no choice.
I post this only to demonstrate the Freep's continued (EDIT: and apparent) disregard for facts and journalistic ethics, where it comes to the University. Why anyone would trust the Freep as a source of reliable news, I don't know. Their track record is abyssmal.
I'm not including a Freep link. It can be accessed via the Record, if necessary.
EDIT: A commenter below provided a link to the U-M Public Affairs response (LINK).