"We're standing against the logic of Wall Street," she declared. "We're standing against the assumption that what's good for the stock market is good for the country."

"Mr. Greenspan, we've had enough," Schor concluded.

Others took the mike to speak out against Greenspan as well. Helen Newman '99 said students should more actively question and criticize Greenspan "manipulation" of the economy.

But some of the spectators were angry at what they saw as disrespect of the Commencement speaker and of Harvard.

"[Greenspan] gave a very good speech on honesty and integrity and for [the counter-commencement speakers] to stand up and denounce his is not appropriate," said one 1964 alumnus who witnessed both events.

Nonetheless, rally organizers said they considered the event a fitting end to their undergraduates years of activism.

"It was one of the most moving sights I've seen here in my four years now," Morgan said of the sight of students exiting the Yard. "This is our Commencement, not Harvard's Commencement," he said.