The Blame Game: Who Taught FICRY’s Culprits?
Harvard Under Lock and Key
Writing for The Business Insider, Joe Weisenthal investigates the educational background of FICRY’s biggest culprits. No big surprise: Most of the bankers, politicians and regulators who got us into this mess went to a handful of elite universities and business schools. He argues that these school’s curricula helped frame the big-wig’s economic philosophies, provided them with networking opportunities, and access to the highest rungs of the corporate and political ladders. Weisenthal maintains that Ivy league glory days are over because the money and power networks that supported these schools are crumbling. Moreover, the days of Ivy-clad breeding grounds for investment bankers are over; the industry cannot support an influx of applicants to the banking sector no matter who their alma mater is.
When the crisis is mitigated and the American economy starts to rebuild, Weisenthal asserts, the American people will not jump to instill their trust to the Harvard MBA’s who led us astray in the first place. He asks, do we really want to trust our money to those who have been taught to believe in economic predictive models and perfectly efficient markets? Click here to read more on this topic from FICRY.com and add your comments below.
