When Wall Street died...
“Within a week, Wall Street as it was known — loosely regulated, daringly risky and lavishly rewarded — was dead.”
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Today’s must read MSM article is a front page WSJ piece, titled, The Weekend That Wall Street Died. Since we have been tossing around blame for various parties in the entire credit/hosuing/securitization debacle, its refreshing to see a major paper actually place blame where it (in large part) belongs: Wall Street bosses:
Monday, December 29, 2008 | 12:35 PM | Permalink
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