What are they teaching at Harvard?
Mao and the Communist Manifesto? No wonder all the Harvard trained academics, economists and lawyers never saw the bubble or the burst coming.
Remember that graph on grade inflation a few weeks ago? Harvard is right up top. Makes you go Hmmmmmm….
The premise of the current financial regulatory reform is that the establishment missed the last bubble and, therefore, more power should be vested in the establishment to foresee and prevent the next one.
I read establishment as Harvard elites as well as the politicos….what do you think?