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The End of the Financial World as We Know It
NYT ^
| 01/04/09
| MICHAEL LEWIS and DAVID EINHORN
Posted on 01/05/2009 12:19:40 AM PST by TigerLikesRooster
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To: dennisw; Jeff F
...the S.E.C. itself is plagued by similarly wacky incentives. Indeed, one of the great social benefits of the Madoff scandal may be to finally reveal the S.E.C. for what it has become. Created to protect investors from financial predators, the commission has somehow evolved into a mechanism for protecting financial predators with political clout from investors.
dennisw - Thanks for helping me read one totally insightful piece - when the New York Times is good - they are very very good.
21
posted on
01/05/2009 6:11:29 PM PST
by
GOPJ
(GM's market value is a third of Bed, Bath and Beyond. Why is GM "too big to fail"? Steyn)
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