COMMENT FROM MICHELLE: Become a teacher, but if you do, you won't earn a living wage, and the government will make you into a scapegoat for bad funding if you're no good.
Emanuel Derman of Prisma Capital Partners, a fund of hedge funds, has shown that for many strategies good hedge funds continue to outperform their peers and bad funds tend to remain in the same rut; there is little reversion to the mean.
In fact, bad funds abound.
Yet we continue to take the easy way out and falsely place all the blame on the "big four" for these problems - bad funding, bad unions, bad children, and bad teachers.
Fewer provisions for bad loans and reduced funding costs, now that a price war for deposits has subsided, should help.
At that same dinner, one African American woman summed up progress in this way: "We'll know we have parity when mediocre black women get funding for bad ideas at the same rate as mediocre white men".
"We had money in the State of Indiana Unsafe Building Fund for bad buildings," he said.
Would an investment in an employee concerns programme simply be 'a legal defense fund for bad employees?' Or at another level consider the staff's problem of determining whether management actions represented a genuine increased interest in improving plant safety or just a ploy to placate workers and regulators.
"This is bad for the arts, bad for art funding and bad for the artists," he said.
On Thursday, as the politicians considered whether to push for bad accounting, the International Monetary Fund issued a report on financial crises around the globe.
