At the end of it all, the attacking cavalry was devastated. Less than half of the allied cavalry men committed to the initial attack made it back to their lines. Of this number was their commander, a man by the name of James Thomas Brudenell. He returned, and considered himself to have given it 'the old college try', went to his yacht, waiting in Balaklava harbor, and ate a champagne dinner.
This cavalry unit is known to history as the 'Light Brigade'. It was commanded by wealthy men who had purchased commissions that more capable, but less wealthy men could not afford.
We bear witness to the results of our modern day 'Charge of the Light Brigade' daily in our newspapers, on our favorite internet news sites, on our favorite blogs, and via Fox and CNN.
My point is that the current crises will necessitate some rather unpalatable structural changes for the United States. The abandonment of legacy admissions may be one of them.