Sure, there are those homeowners free-falling into "upside down" mortgages, and those who simply can't afford to pay the monthly bill. And we must, of course, keep an eye on major lending institutions: Which will be the next to collapse? IvyGate, however, has been tracking another supremely important aspect of the current fiscal crisis: What are young Ivy League grads thinking, those who have clawed their way to Wall Street but now face uncertain fortunes? Says one:
Changing compensation will obviously change the attitude of students toward the industry. They might go to med school or law school instead. This is a sad week. We may be losing the competitive advantage for getting the best talent.
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