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Daily Archives: September 26, 2014
Cohan: “Fed exists for the benefit of Wall Street”
More honest comments about investment banking. Bloomberg Contributing Editor Bill Cohan discusses risk taking and incentives on Wall Street. Here is a direct video link.
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Must read: Preventing Economists’ Capture
Further to the glaring capture of the Fed and regulators by the large investment banks, yesterday I read a very important paper by professor Luigi Zingales documenting similar capture among finance and economic academics. The paper is long and detailed, … Continue reading
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Must listen: The truth about Goldman Sachs caught on tape
This should be our generation’s Pecora commission-like epiphany bringing the outrageous policies and procedures of the Fed and the large banks into the broad light of public view. It is long past time to admit truth and break up the … Continue reading
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