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...takeover was “as dramatic an episode for the U.S. financial system as we’ve had” since the stock market crash of 1987, but he called the decision “appropriate.” Summers criticized current Treasury Secretary Henry M. Paulson, Jr., for being too timid in the wake of the sub-prime mortgage crisis. While more caution could have helped avert the problem, Summers said, the same impulse can be destructive after the fact. Summers also attacked the White House, saying that the Bush administration has given “insufficient...
...professors present at the dinner remember there was widespread skepticism about the reasons the Bush administration had provided for war—but nearly all thought the war would be a success. “In medicine, there’s medical malpractice,” Graham T. Allison Jr. ’62 said.“In law, you can be disbarred. Well, how about in our business?” The answer, Allison said, is that there is no formal way of holding intellectuals responsible for their ideas, no matter how badly they get them wrong. Politicians...
...Bush’s tax cuts, Senator McCain recently voted to continue some of the tax cuts in the $70 billion Tax Relief Extension Reconciliation Act.This is disappointing, to say the least. McCain’s flip-flop isn’t analogous to, for example, Martin Luther King Jr. opposing a bill desegregating buses. After all, McCain is running for President and some compromises must be made. However, his willingness to compromise on issues he has been so principled on in the past is jarring. On Jan. 17, this paper’s staff published an editorial endorsing Senator...
...would be extremely surprised if such action would be taken at Harvard,” said John G. Palfrey, Jr. ’94, executive director of the Berkman Center for Internet and Society at Harvard Law School. He added that if such a ban were imposed, he “and others would take it up as a cause...
...does a man like this expect not to be caught? George Winner Jr., a New York state senator, told the New York Times that fellow legislators, upon first hearing that Spitzer had hired a hooker, believed it was a practical joke. Says Eric Lane, a law professor at Hofstra University: "This isn't Bill Clinton, where in one sense you would have expected it. This is a shock...