Much ado about Goldman Sachs. Just wanted to point to two articles that talk about the continuing facepalmable antics of what Matt Taibbi described in his Rolling Stone article as a "Giant Vampire Squid."
First, this from the Baseline Scenario: Fox, Henhouse, which discusses the questionable act of installing a 29 year old Goldman employee as the new COO of the SEC, Adam Storch. The comments are particularly illuminating, especially those of Jack Chase, a former regulator.
Also, this, from the ebullient limey Reuters blogger, Felix Salmon: Click me
Mr. Salmon reviews a little of Andrew Ross Sorkin's new book, "Too Big To Fail" and talks a little about how things can be fairly legal, yet very very wrong.
Just a stray thought... I haven't heard anyone deconstruct this "too big to fail" (TBTF) meme into its ultimate significance (huh?). What I mean, is that if you think about it, and this may be plainly obvious to everyone, TBTF is just blackmail; it's a trick that kids and immature adults use all the time. Right?
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