[TigerLikesRooster]

Ping!

[1010RD]

Why can't the media put two and two together? I mean if the best and brightest on Wall Street, at Harvard, et al get it wrong, really wrong, what makes the MSM think that a few government hacks can run a nation of 300 million?

It is simply too complex. How do you teach people not to fear liberty?

I hear these stupid regulation arguments on this site all the time. Do people realize that when you demand regulation you're not really saying I don't trust the other guy, you are really saying I cannot trust myself to make good decisions?

[1010RD]

A woman posting on this site claimed to have lost money in derivatives. She’s a housewife and her husband is an engineer at GM.

What was her family and Harvard doing trading derivatives?

They are not a conservative investment. (Could it be the Fed set interest rates so low people were chasing risk up?)

[Dr. Scarpetta]

Watching all of this, the group of 10 Harvard alumni from the class of 1969 feel vindicated. "The events of the last year show that the whole procedure of rewarding people so handsomely based on increases on paper value of the endowment was deeply flawed," says a spokesman for the group, which recently sent a letter to the Harvard president suggesting HMC staffers return $21 million of their latest bonuses.

BTTT

[dennisw]

——LOL———

[Calamari]

Harvard's $36.9 billion endowment, the world's largest. That pot was supposed to be good for $1.4 billion in annual earnings.

3.8%

That does not sound like a very large return from the brightest money managers on the planet.