business

Elliot Gerson, secretary of the Rhodes trust, points to an interesting trend: In the past thirty or so years, Rhodes Scholars have disproportionately chosen to go into Wall Street careers. He writes:

The Wall Street Journal recently ran an excellent editorial examining the bad business and corruption that arises "when you combine private profit with government power." Created by an act of Congress in 1938, Fannie Mae is a government sponsored enterprise (GSE) that owns or guarantees nearly one half of the $12 trillion US mortgage market.