Its Friday afternoon — last linkfest of the week!
• Dismantling the Temple, Fixing the Fed (The Nation)
• What went wrong with economics (Economist)
• Audit Interview: James L. Bothwell The author of a definitive ‘94 GAO derivatives report talks about industry pushback and financial-press complacency (CJR)
• Security Savings Bank: Why a bank’s own executives were ignored when they brought financial irregularities to the OTS (their primary regulator) as “religious right” connections were used to fend off regulation (Bank Implode)
•A GS 2-fer:
• Curb Your Enthusiasm (Barron’s)
• AIG’s European Derivatives May Take Decades to Expire (Bloomberg)
• This Recovery Will Be Very, Very Painful (Atlantic)
• Barney Frank’s Plan to Legalize Marijuana (Esquire)
Gimme some good links I missed for the weekend!
I’m off to see one of the last surviving Beatles at the new Citi Field . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.