<p>I’m afraid that having a Harvard man now pulling the reins on the economy will not lead to much directional change on the trail blazed by the Yalies over the past 18 or so years.</p>
<p>You’re right Toombs61 (except Prez BA is technically a Columbia man), and here is a link that shows how Paulson. Geitner (was the point man in the AIG deal) a.k.a the US government pulled the wool over the public’s eyes (taxpayers) for personal gain.
And the story goes on here on Mainstreet USA… intent to deceive, this time the US government, and us… the taxpayers. Sounds very familiar to us moderates!</p>
<p>[After</a> $182 billion taxpayer rescue, is AIG on the verge of collapse?](<a href=“http://www.dailyfinance.com/2009/07/31/after-182-billion-taxpayer-rescue-is-aig-on-the-verge-of-colla/]After”>Stock Portfolio Management & Tracker - Yahoo Finance)</p>
<p>I wouldn’t be surprised to see Paulson behind bars in the next ten years.</p>
<p>Yes, let’s don’t forget Dartmouth (Paulson, Geitner).</p>
<p>Looks like the Ivy League, by coughing up the architects of the greatest economic disaster of our lifetimes, if not the history of the United States, has covered itself in eternal shame. (And why, again, are so many of us knocking ourselves out to send our dear babies to BS’s with the grand hope that some Ivy League school will snatch them up in its clutches and stuff them its in maw?)</p>
<p>Scary article on AIG, Sarum. As we will recall, AIG was one of the many private companies the US government told us it could not let fail. Well, fail it will…and should. Let’s hope this time that the fools and crooks who run the government will let AIG die. But knowing them, I’m sure that they will keep this nightmare alive to haunt us for years to come.</p>
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<p>So they can get to the point where they even have a chance of affecting a whole economy. I’d rather have the chance and mess it up, then to never feel success. (not implying that you need BS for this, just saying).</p>
<p>Mpicz - you are right. It still seems even with all the “leveling of the playing field” / “striving for higher ideals” meddling, the admissions folks have accomplished in the last 35+ years the greatest financial disasters “generally” have still been caused by the graduates from the very same ‘leet’ colleges of the past American centuries.
Where did Barney Frank go to college? Oh…of course…Harvard. <a href=“http://en.wikipedia.org/wiki/Barney_Frank[/url]”>http://en.wikipedia.org/wiki/Barney_Frank</a>
Somewhere lost in the bowels of CC, we talked about integrity being learned in college.</p>
<p>Well, our children will need more than brains to solve the ungodly economic mess our generation has given them. They will need courage above all. It is here that I pray the great BS’s will test, build and mold the mettle of our kids. If these BS’s don’t forge steel into the bones of our babies, then our children will just end up sipping the old stupidity that so many colleges, Congressmen and companies have poured into the cups of the young. </p>
<p>Our children will need more vision, muscle and guts than we ever had if they hope, first, to escape the crush of misgovernment and mismanagement that has fallen on us for so many years and, then, to reconstruct from the rumble a country, culture and people now, or soon to be, humbled to a point not seen since the darkest days of the Great Depression.</p>
<p>I hope, of course, that my picture of the future proves wrong. If I’m right, however, then our children will need every aid and support we can give them. Right now, I am trusting that our top BS’s are the best places to find such aid and support. I hope, of course, that, because one of these schools will have my child for the next three years, my trust in them proves right.</p>
<p>T61 I concur.</p>
<p>It is truly scary how many of our institutions are in trouble. From local, state and fed governments to banks and colleges there seems to be no surplus, no savings for a rainy day anywhere. I worry our current system may be unrecognizable in a few years.</p>
<p>Interview with FA Director at L’ville:</p>
<p>[SSAT</a> MEMBERS WEBSITE](<a href=“http://www.memberanda.org/2009xxvi_no4/13.asp]SSAT”>http://www.memberanda.org/2009xxvi_no4/13.asp)</p>
<p>After thinking a bit about David Swenson’s quote from post #18 above…“I’m very optimistic that we will come out of this [economic downturn] strong and better”…, I was reminded of a quote by Dr. Johnson: “Hope is itself a species of happiness, and, perhaps, the chief happiness which this world offers: but, like all other pleasures immoderately enjoyed, the excesses of hope must be expiated by pain; and expectations improperly indulged must end in disappointment”. </p>
<p>So, as Dr. Johnson tells us, let’s not get our hopes up too high.</p>
<p>Watch what they do, not what they say.</p>
<p>German Chancellor Angela Merkel said last month, “Another crisis like this one and the West will be wiped out. Once we have overcome this crisis, the question will be how can we return to a path of virtue as far as the public debts are concerned.” Of course, the first question and looming question is…will the West survive the present crisis?</p>
<p>Until we find out the answer to that question, I have one more question: Why aren’t the numerous bums, mad men and crooks, in both the private and public sectors who gave us this crisis, now in jail awaiting trial for high crimes? Because they are still running about free and easy, I think that we may now know the answer to the first question: the West will not survive the present crisis because it has become clear that it has lost its will to survive.</p>
<p>The inmates are running the asylum.
(I’m running out of cliches here:) )</p>
<p>i believe the term is “deep capture.”</p>
<p>Effect of meltdown? Friend of my daughter decided she did not want to return to her day school, so she started looking for a new school over the summer/ (July?) applied for admission to and was accepted by Taft for 10th grade . My guess is no FA was needed. This is based on kid’s info/ I have nothing to do with admissions anywhere and no first hand knowledge . We had been told Taft waiting list was closed. Kid is average/good student with no unusual athletic abilities. Any other similar stories circulating.</p>
<p>As I suspected would happen after the full pay deadlines passed. I doubt there will be much documented disclosure from the schools about this.</p>
<p>Someone on CC reported that she had been moved up from WL of Andover in July, but she also received FA. It didn’t sound like a case in full support of Sarum’s prediction, though it’s still a little strange that they are still accepting students after they closed WL back in May (?). </p>
<p>I agree that there may not be any official report about the late acceptance/WL movement from any of the schools, but who needs that? If there is a large enough number of them, you would know on CC.</p>
<p>Back to the economic meltdown raging all around us… as John C. Calhoun (Yale, Class of 1804) said years ago, “[T]he power to make a small piece of paper, not worth one cent, by the inscribing of a few names, to be worth a thousand dollars, was a power too high to be trusted to the hands of mortal man.” </p>
<p>Well, we are now suffering from our misplaced trust. No surprise. I just hope that our precious children can weather the fury and that BS will be the best shelter for them during the storm.</p>