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financial services reading.
Lots of disturbing, horrifying, and bizarre facts out there about the state of the financial services sector of our economy.
One of my all-time favorite writers, Michael Lewis, has a great piece on AIG in Vanity Fair.
Much more controversially, Matt Taibbi, in Rolling Stone posts a searing indictment of uber-bank Goldman Sachs. Almost must read.
The past year in the banking sector (based on the actions over the past decade+) has had a truly stunning impact on our country. Likely, we’re going through a history-shaping type event. Given that, I’m shocked at how quickly what has gone on (and is going on) has been out of the public spotlight. I hope to see more in-depth reporting coming out soon on the role lobbyists, PAC’s, and financial firms themselves played in this national nightmare.
More to come. On a lot…
2 comments to financial services reading.
— 07/24/09 at 10:53 am
yep. just read the RS article the other night and was thinking along similar lines.
though i find it quite sad that the critics of what's really going on have to be published in entertainment magazines. why this is not in the mainstream press? a sure sign of the apocalypse.
— 07/26/09 at 9:31 am
Did you see the article in the NYT this morning on trading practices? Also, SEC (apparently) filed papers this morning to formally investigate certain Goldman activities. Might be tipping into mainstream…
http://opinionator.blogs.nytimes.com/2009/07/24/w…
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