How could so many MBA’s be so STUPID?

Posted by on December 1st, 2008 at 06:18pm

flynnsblogs wrote an interesting post today on
Here’s a quick excerpt
The degree does not make the man or the woman. 
 
I have been pondering the mortgage & banking mess for quite some time (haven’t we all) and the prevailing foundational question I keep coming back to is “how could so many MBA’s [or Ivy League MBA’s or high-paid MBA’s or insert your own version of MBA here] be so stupid?
 
I know, I know … the greed factor of course but I keep coming back to how so many people making so many common-sense mistakes on the road to collapse.  And I am talking high-level executives that created, supported and continued to breathe life (or death) into the system.  Sheesh.
 
Couldn’t you just do the basic math that says you need good credit, moderate-to-little debt and appropriately-sized income to handle x mortgage and that by writing and selling lots and lots and lots of these mortgages to vulnerable and ill-informed consumers that […]

Read the rest of this great post here

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