How could so many MBA’s be so STUPID?

December 2, 2008 at 12:18 am Leave a comment

mba-dummiesThe 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 eventually the system will not be able to support itself?

 

Seems the lenders and banks that took the moderate (and I believe well-advised) road over the past 5 years are in the most enviable position today.

 

The degree does not make the man or the woman; the vision and decisions do.

© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2016-2020. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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