NYT exposé machine hums along : Columbia Journalism Review
Dave Kocieniewski’s corker in yesterday’s Times
is just a gorgeous piece of work, as an investigation, a piece of
writing, and as a window onto the sad state of our financialized economy
and collapsed regulatory regime.
It’s, like, nice.
The piece has something for everyone suffering from Wall Street scandal deprivation deprivation—it’s been months since Libor—and those curious about what investment banks are doing these days now that the blood funnel
has finished with lower-middle class homeowners. Here is a star-studded
cast of conflicted self-regulators (check); round-heeled government
regulators (take a bow, Federal Reserve), a goodbye present from Mary L.
Schapiro, and Pinteresque comic relief from forklift operators whose
job it was uselessly to shuffle aluminum from one Goldman warehouse to
another.
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