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umm, what about Chris Dodd and Barney Frank? Are they exempt to talk about?

I love these stories, blaming people and companies for the economic downturn......Hello??? Are you kidding us? This downturn is all part of the plan for the super rich to get more of the middle classes money. The WORST part of this theft if the insulting news everyday the media (who are owned by the super rich) keep yelling us how bad the economy is getting and trying to tell us all these BS reasons we are supposed to believe. HOW FRIGGIN INSULTING! I think the media should immediately loose the right to free press and only run stories that they have concrete true facts to back them with, otherwise be banned from reporting. NO MORE SPECULATION! Please don't try and tell us that this is all some kinda accident, cause it is NOT!
Boots, DE

The current President is an idiot that sat by and did nothing but conduct a war he knew we had no business going into, but said F**k it, we're bombing them anyway.
He shoveled money into this disaster until our economy was decimated.
He needs to be thrown out of the White House NOW and let a brilliant, intelligent man take the helm of this country and steer it in the right path.
If the American people will let the racial divide completely go away, President Obama will have the opportunity to be the best President we have seen in a long time.
Currently, we have the least popular President in history, and I believe he will go down in history as the worst President ever.
It really is time for this change.

I second that on Barney "the lisper" Frank....I guess having this guy's mitts all over Fannie and Freddy doesn't bother this liberal slanted writer. I guess Bush is the only whipping boy allowed to take the blame. This article is a piece of CRAP!!!!

I AGREE WITHYOU GUYS .I AM THE MIDDLE CLASS AND GOD FORBID IF I WAS TO DO THIS TO THE AMERICEN PEOPLE, THE MAN WOULD HAVE MY ASS IN A SLING AND PAYING FOR IT WITH EVERYTHING I HAVE. I PRAY FOR THESE PEOPLE AND THEIR KIND BUT THAY SHOULD PAY WITH EVERYTHING THEY HAVE LIKE THE AMERICAN PEOPLE HAVE PAID. GOD FORGIVE THEM

Definition of genuis: Monday morning quarterback e.g. P. Cohen. How could Obama be elected with such a brilliant jerk running loose. Now lets raise taxes and enter a ten year DEPRESSION!

This probably would have been a good article after which to include your affiliation as faculty at a competing MBA program as you do elsewhere (Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter...). Without full disclosure, you risk looking like you're hiding your motivations for writing the article, whether they be related to working at a 'competing' MBA program or having attended a good, but still 2nd choice MBA program instead of the HBS gold standard you had always dreamed of.

I'm not accusing you of harboring such pettiness, just letting you know that the omission is a bit jarring in this case and makes the audience wonder...

Bashing Bush again? What about Barney Frank and Chris Dodd. Will this lying and deception in favor of the fdemocrats ever stop?

Seems like the continued failings of the democratic party gangsters like bernie frank & his boyfriend(s) in the fannie (mac) & scores of stumblin demo's who stated there was nothing to be concerned about with the mortgage industry, those are your diaper stains who have driven the global economy in the ground, the president is only a figurehead, congress/senate run the game

Hello !

Firing the Harvard MISFITS like Wagoner is not enough.

He needs to carry out the whole cadre of his sales, maarketing, advertising mangers at least three levels deep (few exceptions , yes) with him..They got there by agreeing with the boss.

Wagoner was helped daily by these sycophants.

Otherwise, seell your stock !

Why doesn't someone put the blame where it belongs, on the US Citizen. A Democracy survives on free enterprise and the opportunity that each citizin has to exceed or fail. It was not George Bush the borrowed 125% of the value of their property in a mortgage designed to trick and convince the uninformed that it is right thing to do. It was not George Bush that made a decision to ge as many credit cards as possible and run them up to the limit. In other words, it is not up to the Government to make sure its' citizens handle their finances responsibly.

ALL DADDYS BOYS WITH BOY GEORGE THE LEADER OF THE PACK AND THE BIGGEST!!

Slanted - as usual.

The bottom line is that the House and Senate finance and banking committees are supposed to oversee the economy. They did not. We are now in a massive state of economic decay and a depression looms. It is coming. It will be long lasting. There is little security in B.S., especially, when it becomes obvious.
To take a twist from cap. one. My butt is covered - is yours?

Hogwash. All brother Cohan could comment on was only 5 Harvard business grads? That's all? Check out Class of 49!
So what does your wailing prove? That all groups of people have nit-wits, crooks, and connivers amongst them.
The left has been right all along, corporate America IS full of greed and must be checked, rechecked and regulated from nose to toes, and ANY squeeling or squawking about over-regulation is day old manure in my book.
Absent any silliness from P. Cohan, no big-time, deep thinker, he.

they didn't. insincere foreign relations.

tax evasion, tax deferred internet retail, situational tax depletion. credit fraud, % inflation, price inflation, fraudulent loan representation.

white collar (organizational) crime syndicate activity was running ramped since 1996. until mid ‘08

DESTRUCTION of currency, cash leaving the nation without returning or being exchanged for, or within our legitimate global economy.

Before you try to blame Pres. BUSH. like it or not one of the best, you don’t know it yet. 2010. then,that’s when. give him SINCERE living respect. he is from a family of elders. even in disagreement, RESPECT him. as I do the elders in myown family. youth as well.

he has with help, retrieved through the courts form banks and adversaries 1 trillion an counting of the 4 trillion of U.S.productivity receipts. the G E, A E, NkCj, have taken an held these Moines , credit for non approPRIATE reasons within global markets, banks, economy.

Sr. frog, morris an the light of bevville.
an apple with a worm in batrone on the Valence, y has the Ti no wed yet. is you gum A ready Be en C hewed. Jade east. McWest. roasted spending. abnormel times 2. K.

as sure as the Boston's is not on the east coast,there pizza was toxic, I’m sure, lye chem an 9. far to strict. oct 31. festival rainbow is no party either. though the same. skunk mag. may 07 ac dc rudds paypal. no skype allowed.

Enough already.

TAKE BACK CONTROL OF MONEY

The American economy rests on the back of the American worker and consumer. Taxpayers own the government and currency is only a tool enabling commerce.

Take charge of it. Get it working for you, not against you.

http://pacificgatepost.blogspot.com/2008/12/revising-government-relationship-to.html

Once this is done, the other problems will resolve naturally, including home owners making their mortgage payments.

The "Harvard MBA/PhD 'mentality'" is one of the critical factors that have substantially contributeed to the economic demise of the USA.

The "gaming of the system", the objective to "maximize quarterly profits without regrad to the long term impact, have been a major factor in the generation of the pyramid and Ponzi FRAUD schemes. Their philosphy is to wring out the quarterly profits in any possible manner.

In retrospect, this "philosphy" is fraught with a lack of ethics and integrity. Maximization of quarterly profits to justify exorbitant CEO and upper management compensations. This philosophy and mindset has been the ruination of our economy and our markets. It has totally undermined the "faith and confidence" of the average American investor, who is not so easily ging to be sucked into their market and corporate scams any time soon.

They simply outsmarted themselves by sucking the system dry and bankrupting our economy. All of those who were instrumental in orchestrating and perpetuating these FRAUDULENT SCHEMES should be indicted and persecuted for the FELONIES that they have committed.

If all the government officials and company ceo's etc. who caused the US and global money problems where Japanese they would be committing hari-kari or whatever they called killing themselves.
Hank Paulson left GS with 500 million dollars so what has he got to worry about when most of us have lost 40 to 50 percent of our IRA values that are very modest but our only hope of a decent retirement. The congress persons retire with great pensions and health benefits. Barney Frank and his boy friend ran Freddie and Fannie into the ground.

I'm sure HBS hasn't been evolutionary in their economic theory, so for HBS profs to criticize the 5 is rather absurd, considering they taught these students and are teaching students the same old theories.

What is even more amazing is the critique of the current measures considering that every economist knows that there is always a significant delay in effect. People were lauding Greenspan during his lengthy tenure, calling him maestro and tripped all over themselves praising his genius. Yet, now are saying bad Greenspan. It is too early to determine whether these current measures will end up being failed or being successful. one thing i would note, though, is that despite the economic down turn, we haven't seen Armageddon, and that is perhaps because of the current measures. just goes to show how short sided americans are. everyone needs to step back and just take a breather.