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Odds and Ends

The economy has hit one of those dull patches where all we can say is that it appears to be growing, that growth is steady rather than spectacular, and that we all should go about our business and check back later to see if it has been blown off course. In view of this I […]

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Goldman Sachs and Bank Pollution

By now most of you will be aware of the letter/op-ed article written by a disgruntled Goldman Sachs executive. He is resigning, and on the way out he is taking the time to lambast the firm’s culture. Rightly so. It is anti-client and, more importantly, anti-social. As I have said repeatedly: I have no problem […]

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Banking’s Naked Emperors

This is truly annoying. We have been treated in recent weeks to a barrage from the banking industry’s multitude of apologists and hanger-on about how enfeebling the proposed capital rules are. Those rules will, we are assured, ruin the recovery by forcing our dear banks to set aside a stash of money just in case […]

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