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January 5, 2009
Controlling Wall Street
Excellent article by Michael Lewis and David Einhorn on the deeper, yet not addressed issues of the financial crisis: The flawed checks, balances and incentives of Wall Street. Among the suggestions to fix: "Stop making big regulatory decisions with long-term consequences based on their short-term effect on stock prices."
Amen.
(Incidentally, Lewis wrote Liar's Poker, so his coming book on this financial crisis is going on my shortlist right now.)
Posted by Espen at January 5, 2009 9:53 AM
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