At our institutions of higher learning, a multitude of panels and conferences were organized on the economic crisis, bemoaning such things as the absence of oversight, lax regulatory regime, failures of public and private entities to exercise diligence in dispensing credit or expanding complex financial products. Yet one searches in vain for a university president or college leader—especially at the elite echelon—acknowledging that there was deep culpability on the part of their own institutions for our failure and our students’ as well. After all, it was the leading graduates of the elite
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