Discussion:Sawdust for brains!

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Discussion Forum Index --> General Chat --> Sawdust for brains!

Death&Taxes (talk|edits) said:

19 October 2009
Hah-Vahd, oh yea.

http://www.boston.com/news/education/higher/articles/2009/10/17/harvard_loses_18b_in_cash_placed_in_high_risk_investments/

Natalie (talk|edits) said:

October 20, 2009
“The problem as much as anything was we weren’t as diversified as we could’ve been.’’

"could've"? How about "should've"?

KatieJ (talk|edits) said:

20 October 2009
I wonder if the Harvard CFO got his degree from the Harvard business school ....

CrowJD (talk|edits) said:

20 October 2009
Larry Summers was president of Harvard for a while, I wonder if he was a part of approving this strategy? He got a job on Wall Street for a while after leaving didn't he, or do I have the dates wrong? He was paid something like 5 mil. for a short stint on the "Street"?

Today, some Emails from BOA discussing government pressure to purchase Merrill came out. It's quite interesting to see the names that pop up, and what they are purported to have said, and where they are today. Not saying they did anything wrong, but they just keep popping up.

It puts quite a new spin on Obama's cry for change. What change? As far as I can tell, only Paulson has left the scene, but who knows, if a Republican wins next time, maybe he can bring Paulson back and keep all the others as well. Zero has changed from what I'm seeing.

This kind of reminds me of George Bush awarding George Tenet(CIA) the Presidential Medal of Freedom after the disaster of 911. I knew immediately that Tenet had something on Bush, and this was the payoff for keeping it quiet. But of course, I could have this ALL wrong, because it makes perfect sense to award the head of the CIA a medal for preventing 911... woops, that didn't happen hmmmmm ...

They keep these same advisors close or reward them because they know too much.

In the meantime (until we need his "expertise" again), maybe Paulson can get a job running Harvard.

CrowJD (talk|edits) said:

21 October 2009
This is almost too much to stomach. Larry Summers' name pops up again. Last night on a Frontline special. I don't think it was a rerun.

http://www.pbs.org/wgbh/pages/frontline/warning/

This is the story about a woman named Brooksley Born who headed the Commodities Futures Trading Commission under Clinton. She tried to get derivatives on a market (transparency) more than 10 years before this recent crash. It even ended up in a Congressional hearing, and Greenspan and gang won and she lost, sowing the seeds for the crash of 2007.

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