Thomas Gresham own house in Bishopsgate Street and the rents from the Royal Exchange should be vested in the Corporation of London and the Mercers Company, for the purpose of instituting a college in which seven professors should read lectures, one each day of the week, in astronomy, geometry, physic, law, divinity, rhetoric and music. Thus, Gresham College, the first institution of higher learning in London, came to be established in 1597. Gresham's Law (stated simply as: "Bad money drives out good") takes its name from him (although others, including the astronomer Nicolaus Copernicus, had recognised the concept for years) because he
Bad for Good of the stolen songs would later appear on "Bad for Good": "Surf's Up", "Left in the Dark" and "Out of the Frying Pan." Meat Loaf jokes that he doesn't think that Steinman ever got over that theft. Meat Loaf lost his voice and was unable to record "Renegade Angel". Steinman says "I spent seven months trying to make a follow-up [to "Bat"] with him, and it was an infernal nightmare. He had lost his voice, he had lost his house, and he was pretty much losing his mind." Not being able to "bear for people not to hear those songs,"