Recent Princeton graduates are apparently acknowledging the blame the Ivy League bears for our unending financial doomsday by centering their five-year reunion on the perverse theme, “We Plead the Fifth.” The party is part of Princeton’s annual Reunions, a gigantic outdoor bash that takes place over three days in late May. Normally dedicated to raising money for the fabulously wealthy university and promoting connections among its alumni, this year’s installment will revel in a little black humor. Princeton has historically sent over a third of its graduates into finance-related careers, no doubt some portion of those are facing embarassment or investigation over their role in the recent crisis. The members of the class of 2004 plan to attend the party in “stylish prison-break outfits” that consist of orange jumpsuits with black stripes adorned by their class year. No word yet on whether bouncers will be checking ankle bracelets at the door.
I can imagine that some people who just lost their 401ks won’t appreciate the humor of the still un-indicted joking about jail-time over a keg. I take a more lenient view. After all, if I had just destroyed the world’s financial system, I could probably use a drink too.