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That’s how my friend Jeff described the most recent flap over a banker allegedly using religion to defend the industry.
If you haven’t caught it, Goldman Sachs CEO Lloyd Blankfein was quoted in the Sunday London Times as saying “we have a social purpose,” in referring to the banking industry. What caught everyone’s eye was the [...]

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For those of us interested in seeing more robust and knowledgeable regulators in government service, the recent news that Rick Bookstaber is joining the SEC is quite welcome. While I disagree vigorously with much of recent economic policy, I view the Bookstaber news as a signal that the Obama Administration is serious about overhauling America’s [...]

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The following post is a re-post from Rick Bookstaber’s blog. Bookstaber is a market veteran who has long and storied history of achievement. He worked at Bridgewater Associates, ran the Quantitative Equity Fund at FrontPoint Partners and was in charge of risk management at Moore Capital Management amongst other things.
A tenet of economics is that [...]

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The following post appeared on Wednesday at Rick Bookstaber’s new blog. Bookstaber is a market veteran who has long and storied history of achievement. He worked at Bridgewater Associates, ran the Quantitative Equity Fund at FrontPoint Partners and was in charge of risk management at Moore Capital Management amongst other things.
Of particular relevance here, Bookstaber [...]

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Ireland to Pay 54 Bln Euros For "Bad Bank" – NYTimes.com
"Finance Minister Brian Lenihan told parliament on Wednesday that the government would demand a 30 percent haircut for parking commercial property loans with a nominal value of 77 billion euros in a state-run "bad bank.""

The Empire Strikes Barack – Barack Obama – Gawker
"Our Nerd President [...]