peHUB Second Opinion 12.2
Broken PIPE Dreams: The Deal looks at PE's relationship with banks, and it's a negative one. But Everyone Else Is Having Problems Too: The Harvard Crimson highlights the impact the economy is having on other Ivy League colleges and their endowments. Annnnd I Can't Help Myself: The Crimson's top story made me chuckle: members of Yale's marching band have been reprimanded for erecting a faux Berlin Wall covered in profanity and tearing it down with a missile evoking a phallus during a game. Speaking of Ivy League: Harvard's investment portfolio "looks like it was chosen by someone who watched a few episodes of CNBC's Squawk Box and heard that the hot new investments were emerging markets, commodities, and private equity." Ouch. Also On Slate: Daniel Gross names the world's worst banker, and its not Fuld or Cayne.
