September 22, 2008
CREDENTIALS, RESUMES, AND SUCCESS: Reader Kevin Burns emails:
Please remind your readers that the reason that so many Americans mistrust and dislike the "elite" is that the best financial minds that the Ivy League could turn out created the subprime and securitization of mortgages mess.
The best and brightest political minds [from] those same universities created Fannie and Freddie.
Either these people aren't nearly as smart as they tell us they are, or success requires more than an expensive education.
Well, yes, most of the people involved in this had elite degrees. That may not make it fair to blame the Ivy League, but it certainly means that a "best and brightest" resume is no guarantee of success.