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Banks That Bundled Bad Debt Also Bet Against It - NYTimes.com
Another method by which Goldman Sachs and other Wall Street criminal enterprises cheated their customers, got even richer, and wrecked the economy.
The Betrayal - Timothy Egan Blog - NYTimes.com
Argues that the rich and powerful have broken the social contract. What happens next is unpredictable, but honest people's sense of betrayal and rage will be a significant factor.
Maureen Dowd - Virtuous Bankers? Really!?! - NYTimes.com
Maureen Dowd takes on Goldman Sachs's CEO's absurd claim that he is doing "God's work."
Armey of ignorance - Paul Krugman Blog - NYTimes.com
Krugman points out that the Community Reinvestment Act, which supposedly required bankers to make unjustified loans to Those People, had almost no causal role in the economic crisis.
I'm doing 'God's work'. Meet Mr Goldman Sachs - Times Online
Profile of Goldman Sachs, owner of the U.S. government and others.
Thomas Friedman - The New Untouchables - NYTimes.com
Certainly, education needs to be improved. But the suggestion that it caused or contributed to the subprime meltdown and the jobless recovery is risible. The meltdown was caused largely by irresponsible Wall Street and banking industry risk-taking, fostered by perverse incentives and an absence of regulation. The jobless recovery is caused, inter alia, by a tax and regulatory structure that makes it less expensive to produce offshore than domestically, combined with a corporate culture that exalts short-term profits above all else and has no concern at all for employees. Yes, by all means, improve education. But don't use poor education as just another excuse to blame economic catastrophe on its victims.
Volcker Has Obama’s Ear, but Not on Overhaul of Banks - NYTimes.com
Former Federal Reserve Chairman Paul Volcker advocates breaking up banks that are "too big to fail" by separating their banking operations from their gambling operations. But so far, the Obama administration (chock full of the same Wall Street insiders who infested the Bush-Cheney regime) resists the idea.
Hurry Up and Credit My Checking Account - NYTimes.com
Ron Lieber discusses why banks instantly charge for overdrafts but take their own sweet time crediting deposits.
Goldman Sachs May Report Strong Profit - NYTimes.com
Goldman Sachs, which has had "its guys" in the government for at least the last two administrations, is making money hand over fist, by fair means or foul. What a shock.
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