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Market Failure — Fixing Flats
Friedman rightfully pops a cork over Nardelli’s spin that Detroit is asking for $25 billion to innovate, not as a bailout: It wasn’t a bailout, he said. It was a way to enable the car companies to retool for innovation. … Continue reading
Filed under Market Failure, Politics, Run like a business
Government by Gold(man) Standards
NYT piece confirms the ubiquitous nature of the GS machine present within government: Indeed, Goldman’s presence in the department and around the federal response to the financial crisis is so ubiquitous that other bankers and competitors have given the star-studded … Continue reading
Filed under Market Failure, Policy
Market Failure — Wrong Risk Model
An opinion piece hypthosizes how an assumption on the isolation of risks in the Wall Street risk models was wrong…
Filed under Market Failure, Policy
Gold(man) Standard
Here are two articles and one editorial with Goldman Sachs as a common element. Wall Street, RIP Blind Eye to a web of Risk Georgians were first casualties of market crisis Wonder how many other common elements may be found?
Filed under Policy
