The author makes the classic mistake of confusing correlation with causation: "Hmmm...banks hire lots of people with MBA degrees, and this crisis started in the banking sector. The MBA degree must be the root cause of financial crisis!"

Actually, now that I read through it again, I'm not sure it's even worth dissecting. It strikes me less as a merely illogical diatribe against business education as much as an intentionally misleading hit piece against something the author neither understands nor respects.