Magna Cum Fraud: Top Schools for Scoundrels

People behind financial crisis went to same universities
By Matt Cantor,  Newser User
Posted Mar 24, 2009 2:33 PM CDT
Obama adviser Lawrence Summers attended MIT.   (AP Photo/Virginia Mayo)
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(Newser) – Many of the bigwigs involved in the financial crisis went to the same few elite schools, notes Joe Weisenthal in Business Insider. Maybe, he writes, when the crisis begins to fade, we’ll think twice about having another Harvardian or MIT grad running things. Among the offending institutions:

  • New York University: Ex-Lehman CEO Dick Fuld, ex-Lehman CFO Erin Callan, Rep. Charlie Rangel, investor Carl Icahn, former Fed boss Alan Greenspan. Grade: D-

  • Dartmouth College: Treasury chief Tim Geithner, ex-Treasury chief Henry Paulson, ex-AOL CEO Ron Grant. B
  • MIT: Ex-Merrill CEO John Thain, Fed boss Ben Bernanke, Obama adviser Larry Summers, Ex-HP CEO Carly Fiorina. C
  • Harvard University: George W. Bush, Henry Paulson, ex-Merrill CEOs John Thain and Stan O’Neal, GM boss Rick Wagoner, Rep. Barney Frank, Enron’s Jeff Skilling. F+
For the full list, click the link below.