Three to Read for the Solvency Crisis
Simon Johnson on the possible consequences of Goldman Going Greek.
Economics of Contempt explains why economist John Cochrane should not be allowed to talk about finance. (Bonus coverage: EofC’s previous piece on John Taylor)
Alea’s jck on how all the talk about risk management became mainstreamed.
Nice piece on the criminals at Goldman Sachs.
ken:
So maybe the EU will bust Goldman Sachs? Hopefully, they will as we do not have the balls to do so. Bankers Trust was one of the first to be allowed to invest on Wall Street with the gradual demise of Section 20 of Glass Steagall which prevented banks from investing profits on Wall Street.
hi