"...Financial wizards like Robert Rubin at Citicorp, Richard Fuld at Lehman Brothers and Franklin Raines at Fannie Mae—all of whom made millions as they left behind imploding corporations—had degrees from America’s top universities. They had sophisticated understanding of hedge funds, derivatives, and sub-prime mortgages—everything, it seems, but moral responsibility for the investments of millions of their ordinary clients..."
Hardly the Best and Brightest by Victor Davis Hanson on National Review Online
Thursday, February 12, 2009
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