[joeter]

as an economics guy, I can tell you the fundamental flaw is with the signal models higher education systems currently use.

It follows even on through to the wall street ibanks. "Ivyleague type with above 3.7 GPA."

look at the mess they are in now.

[maximilian]

The mess they are in now isn't because of Ivyleague type dudes with good grades who are actually dumb. Its just ridiculous decisions all along the way. Who came up with the ridiculous idea that Fannie-Mae could buy its own securities? That still amazes me.