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The Next Subpoena For Goldman Sachs

Yesterday’s release of detailed information regarding with whom AIG settled in full on credit default swaps (CDS) at the end of 2008 was helpful.  We learned a great deal about the precise nature of...

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Are They Really That Good?

By James Kwak The instinctive defense from Wall Street bankers is that they deserve the money they make: they’re just that good. By that logic, Jon Corzine was the best of the best: he was the head of...

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