I hope they lose their ENTIRE endowment.
And IIRC, this trouble started under Larry Summers tutelage at Harvard.
The annual report provides new details on Harvard’s derivative-related losses. Many were entered into in 2004, said Harvard spokeswoman Christine Heenan. Lawrence Summers, director of President Barack Obama’s National Economic Council, was the university’s president at the time. White House spokesman Matthew Vogel declined to comment.
The best and brightest is really propaganda. They are the worst and the dumbest!
that’s series money...
The only Economics Harvard teaches is that of Communism and its derivatives.
‘clearly not “the smartest guys in the room.” ‘
My thoughts exactly. And this is where our fearless leaders come from? No wonder our economy is in the toilet.
A bunch of Ivy League professors in the breadline.
It would make it all worthwhile somehow.
Never happen though, they’ll be bailed out quicker’n sh*t through the proverbial goose,