Posted on 03/04/2009 6:29:18 AM PST by rellimpank
Here’s a question, fellow 401K-robbed victims of the meltdown: Exactly where did this toxic batch of bankers and businesspeople — who engineered the economy into the ditch, the stock market into free fall and frittered away the fortunes of our country and maybe even the world — learn their craft? Which MBA, economics and law programs produced the perpetrators of the calamities that have befallen the great Wall Street institutions and, now, Main Street Americans as well? Which schools are the Academies of the Apocalypse, and who and how many went to each?
Winner: Harvard
(Excerpt) Read more at wowowow.com ...
Like GWB?
This explains the last four years.
How did I know Harvard would be on the list? I’m psychic! woohoo! 8^D
I heard a fellow on Gerry Doyle’s show say the same thing. To a man, they come from the Ivy League and don’t have a clue. Book smart and that’s about it.
Some of these guys violated the law...time for orange jumpsuits...they deserve it.
“Some of these guys violated the law”
Anything for that extra penny in EPS.
They need to throw away the key for these clowns, who have destroyed this country.
Many of the instruction is favorable towards government intervention as a means of "steering" the macroeconomy and correcting economic situations.
Great article-—read it all!
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You are pinging some great stuff today. I thought democrats said the tax cuts caused the crash.
In other words, MBA’s are indoctrinated in business by liberal socialist profs, the best example being BO.
Thanks for the insights into the curriculum of a Business Administration degree.
Since most college degrees have been infiltrated with the liberal agenda, this is no surpirse. Almost all my credentialing classes were about how wonderful multiculturalism is - no matter what the title of the course was!
This is interesting info which could be used to attack the commie lib universities that produce the peckerheads that created these problems. What used to be institutions of learning are now mis-educating their students such that they are more ignorant than when they enter. Perhaps we can take them down a notch.
Here’s my story.
I am not an MBA. I do not have a business degree of any kind. I did have a successful small—very small—business when I was quite young, but can’t claim to know anything about “business” or even economic theories.
Nevertheless, at one time and in circumstances I won’t relate here, I had exposure to some courses that are part of the Harvard MBA program, with case studies. One stuck in my mind: it was the story of how Citibank was taken over by a new president (? John something) and did an overnight switch to a different system. I can’t remember the details, it was more than 20 years ago I saw this case study, and the real-life situation had happened several years before that. Perhaps some of you will remember the circumstances.
But the point of the case study was that the switchover took place overnight, and it represented a huge risk. If it had not been successful Citibank would have been unable to open for business in the morning and would have been gravely damaged. There was a frantic effort to do everything in about 15 hours between close of business one day and 9 the following morning, and it took up to the last second.
In the class, the guy who engineered this switchover was lauded by the other students for his audacity and risk-taking behavior. It was considered a brilliant move. I was the only person who didn’t think this was a good idea at all. My point was that you never risk the whole company on some venture like this. Some other way should have been found to make the switch without so much risk.
NO ONE in the class agreed with me. These are all people who went on to get their MBAs and had careers on Wall Street. So this was their thinking 23 years ago. Unsurprising that we have the current mess.
Yes, can you believe Stanford is not even charged criminally yet?
We need some Old West style justice.
Lawyers and courts will not cut it for the crimes these clowns committed. Even libs I talk to who are against the death penalty are talking like me in the justice which should be meted out.
I’m thinking that Obama gave the signal yesterday for people, maybe Soros?, to start buying stocks now and that the market will rebound quickly with those in Obama’s circle, like maybe Soros?, making a killing.
Thanks! It was a world wide credit buuble... so obvious in retrospect. Even Switzerland has big troubles due to very unwise loans and mortgages to East European “emerging markets”
I am still a deflationist. No inflation for a while PLUS hyper inflation are very rare in history. Peter is kind of hyper and believes we will get hyper inflation. While the dour and depressed Nourial Roubini sees deflation dittos for chubby Mish Shedlock
Probably more focus on Finance/Marketing where I was, but definitely a large dose of "Corporate Responsibility" (aka: companies are evil unless they embrace a lefty agenda) type focus.
I got a hge kick out of seeing the lefty types trying to present on projects---they always got slammed on the most basic economic questions to support their ideas.
The sad part is that their MBA and mine are exactly the same....
You can always tell a Harvard man... but you can’t tell him much.
Which proves the old adage that there's no BS quite like HBS.
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