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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Will we ever learn from history?
  • Date: Sun, 7 Dec 2008 08:23:20 -0800 (PST)

I don't know why seemingly intelligent people put so much stock into the
degreed programs at a handful of centers of higher learning. GWB made higher
grades at Yale than Gore did at Harvard and I don't think either are as smart
as me; and I'm not as smart as most of the people on this list.

I have first cousins, fraternity brothers, business acquaintances, firends,
who attended Harvard, Yale, Dartmouth, MIT, Wharton, Princeton, and on. They
are your average MBA, Securities analyst, doctor, lawyer, theology professor,
and one is a bum with a small trust fund. Everyone of them is smart, but
very foolish in some respects , also. 'Just like any other educated group of
persons. John Kennedy's 'Best & Brightest" brought us the full hell of Viet
Nam, lets see where we are taken by BO's "best & brightest"......


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--- On Sun, 12/7/08, Lynn Wigglesworth <lynnw1366 AT hotmail.com> wrote:

> From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
> Subject: [Homestead] Will we ever learn from history?
> To: homestead AT lists.ibiblio.org
> Date: Sunday, December 7, 2008, 9:06 AM
> A good NYT editorial, comparing Obama's "best and
> brightest" team to JFK's
> team. And history repeating itself in other ways. This
> paragraph struck me:
>
> "Geithner was no less tardy in discovering the
> reckless, wholesale gambling
> that went on in Wall Street's big casinos, all of which
> cratered while at
> least nominally under his regulatory watch. That a
> Hydra-headed banking
> monster like Citigroup came to be in the first place was a
> direct byproduct
> of deregulation championed by Rubin and Summers in
> Clinton's Treasury
> Department (where Geithner also served). The New Deal
> reform they helped
> repeal, the Glass-Steagall Act, had been enacted in 1933 in
> part because
> Citigroup's ancestor, National City Bank, had imploded
> after repackaging bad
> loans as toxic securities in the go-go 1920s. "
>
> http://www.nytimes.com/2008/12/07/opinion/07rich.html?_r=1
>
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