August 2nd, 2013 → 5:56 am @ // No Comments

“Something wicked this way comes.” – Macbeth

I just read about the conviction of Wall Street insider “Fabulous Fab” Fabrice Tourre, for fraud in market activities related to mortgage-backed securities.  Congrats SEC for getting a convinction on someone, anyone!  However, I also learned that Tourre is now an economics student in the PhD program at Chicago.  My reaction?  “Nooooooo!”  We economists have a bad enough reputation as it is (mostly from an ill-informed understanding of what we do, in my opinion, but still), like we need him as part of our gang too?  “Nooooooo!”


2 Comments → “An Economics PhD Student From Chicago”


  1. Chris Clark

    10 years ago

    I’m left to wonder what that will do for their reputation if he actually completes his dissertation and successfully defends it. I can’t imagine any of the other candidates there are too thrilled. I can practically hear the interview question now, “Oh, I see you completed your PhD around the same time as Fabrice Tourre. Given that, why should we hire you for this assistant professorship instead of someone from a program that maintains ethical standards?”

    Reply

    • Lea

      10 years ago

      I wish! I’m not so sure every institution has such high standards. But we will see… I will be curious to see what happens.

      Reply

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