Remember how students were gearing up for i-banking internship interviews this time last year? Well, an Ivy grad banker working at a bulge bracket firm thinks they may as well start studying for the LSATs. Below, an exclusive interview with this still-employed financial services professional:

IvyGate: What's going to happen to students applying for internships this year?

Banker: They're done. They need to say goodbye to their Wall Street dreams. It's not going to happen.

IvyGate: What do you think they should do instead?

Banker: I don't know. They've gotta figure that out.

After the jump, this anonymous banker tells us what he thinks of Obama's dream team and why the recession is about to get worse. Read the rest of this entry »

Can three men really put the economy back together? Of course not. But to a large degree, it's Treasury Secretary Hank Paulson, Chairman of the Federal Reserve Ben Bernanke, and President of the Federal Reserve Bank of New York Timothy Geithner who are engineering our response to the Market Meltdown™.

But what do we know about these men? Can we find out anything about them from the various newspaper profiles they've appeared in this week?

Um, yeah. We can find out a lot about them. But I'm only going to note their college affiliations: Paulson is Dartmouth 68' and Harvard business '70. Bernanke is Harvard '75 and MIT '79 (econ PhD). Geithner is Dartmouth '83.

I know what you're thinking: "But Harvard's only a lesser Ivy." Not to worry; McCain is pitching in.

In case you haven't been reading the newspaper or watching television, the startled-looking bald man in the above picture is Paulson.