17 October 2009

The Smartest Among Us

"Harvard University’s failed bet that interest rates would rise cost the world’s richest school at least $500 million in payments to escape derivatives that backfired."

And let's not forget, we now have mostly academics running the government - those whose job experience has been confined to government and academia where "theories" rule the day and real-life experience is in short supply.

More here.

No comments: