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 Barbara Byrne, Vice Chairman, Investment Banking, Barclays Capital, and former Vice Chairman at Lehman Brothers, gave us all an economics lesson. Here are some highlights:
- U.S. cannot get out of the recession until the U.S.
consumer starts spending again.
- There are 1 million excess housing units in the U.S.
- Hedge Funds and markets need boundaries
or else systems are still in jeopardy of being gamed.
- The days of using home equity like an ATM are over.
- Endowment donors are changing to income giving from net worth giving.
- Schools need to begin developing data on price point vis-à-vis fi nancial aid.
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