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Gretchen Morgenson

Stealing FROM Goldman Sachs vs. Stealing FOR Goldman Sachs

“Long-Term Greedy”* . . . Minus the “Long-Term” “Our employees shouldn’t expect the firm to pay for their defense when they steal from us.” –Goldman Sachs spokesman, explaining the company’s refusal to pay the legal fees of software programmer (and former Goldman Sachs Vice President) Sergey Aleynikov; “At Goldman Sachs, Even the Legal Fees are Different”;...
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My Candidate for President

Straight Talk on the Financial Crisis. Finally. “By now it is pretty clear that it was faith in the techniques of modern finance, stoked in part by the apparent huge financial rewards, that enabled the extremes of leverage, the economic imbalances and the pretenses of the credit rating agencies to persist so long.” Quick, which...
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Wall Street – Washington Revolving Door: Spinnning Faster Than Ever

I Don’t Think It’s Got Anything to Do With “Learning” What is the most dismaying thing about “Some Bankers Never Learn,” Gretchen Morgenson’s article documenting mortgage bankers’ efforts to sabotage legislation (Dodd-Frank) aimed at cleaning up lending standards? It’s not the bankers disingenuously arguing that tighter standards will unfairly limit home ownership. It’s not the...
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