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Walter Bagehot

Butchering Bagehot (That’s “Badge’ – it”)

Or Was It, “Lend for Free on Crap Collateral?” It’s one thing to encounter distortions and ignorant drivel in some blogosphere backwater. But when it appears in The New York Times . . . it’s more than a little dismaying. In a nutshell, that’s my reaction to Adam Davidson’s piece, “What Does Wall Street Do For...
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