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The Trouble with the Trouble with Goldman Critics
There is a lengthy takedown of critics of Goldman Sachs critic and Rolling Stone screed writer Matt Taibbi in the current Columbia Journalism Review. (Get all that?) The gist: Writer Dean Starkman thinks that too many business journalists are inappropriately supportive of Goldman Sachs, and ...
This is How You Know the Chinese Market is in Trouble
This is How You Know the Chinese Market is in Trouble
researchreloaded.com — For the third time in under ten days, the Shanghai market has fallen based on fears the... Chinese government might merely rein in profligate lending . Earnings have nothing to with it, this isn't an earnings scare. Nor is it some sort of economic data ... (more) This is How You Know the Chinese Market is in Trouble
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Sunday links: data mining disasters
Abnormal Returns — ... “Can’t wee all just agree that Goldman has way too much influence for a firm happy to trade around that influence and leave it at that?”  (Infectious Greed) ...

Paulson-Blankfein phone-fest fuels more ’squid’ outrage
FT Alphaville — ... Blankfein-filled week. Paulson spent 32 years at Goldman and preceded Blankfein as CEO before becoming Treasury secretary in 2006, Reuters reminds us. At a July 16 congressional hearing, lawmakers angrily asked Paulson to explain changes in US policy during the crisis and said he had conflicts of interest in decisions involving Wall Street firms. “I operated very consistently within the ethics guidelines I had,” Paulson said. Ultimately, we’d have to agree with Infectious Greed’s Paul Kedrosky   as the “vampire squid” debate rages on. The weary sigh is almost audible - and ...

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