$$$ Goldman’s Dirty Customers [TDB]
$$$ Dear Mr. President: Think Like A Trader [WSJ]
$$$ Orszag Weighing Obama’s Appeal to Stay On as Budget Director [Bloomberg]
$$$ Years ago, the investment world and its professionals believed in long-term relationships. That meant nurturing the economy and the companies and people in it. Two decades of cheap money, though, helped turn the Street over to the traders. That led to a very different way of doing business. “With a trader, the goal of every minute of every day is to make money,” says Philipp Meyer, who worked for UBS as a trader in the late 1990s and early 2000s before going on to write about his time there. “So if running the economy off the cliff makes you money, you will do it, and you will do it every day of every week.” [TIME]
$$$ Madoff’s old office nears foreclosure [NYP]
UBS Sucks
I love how Carney, and other populist, pandering know-nothings, make it sound like GS and others intentionally created crap and force-fed it to widows and children. No wonder he can’t hold down a job.
write offs? here’s a novel approach … what’s good for the corporations is good for the people?
http://iget2work.com/2010/03/unemployment-and-taxes-talent-depletion-allowance/
@3 – where to start . . . not worth it. Go recycle something – you’ll feel better.
@3, Following on @4′s suggestion: Soylent Green is people, and start by recycling yourself