Especially chilling for those of us who have covered this kind of thing is to read about the all-star roster of former prosecutors now lined up on Wall Street’s side: Mary Jo White, Eric Dinallo, Gary Lynch, etc.
“It wasn’t just one rotation of the revolving door,” says Aguirre. “It just kept spinning. Every single person had rotated in and out of government and private service.”
This is a smart story. Read the whole thing and be depressed.
—Continuing with a certain, ahem, theme, the WSJ’s Shira Ovide catches Bill Gross going off on his fellow financiers.
As a profession we have failed miserably at our primary function - the efficient and productive allocation of capital
And there’s about 2,000 more words where those came from.
—Stan Collender finds a good poll of Tea Party supporters in South Dakota:
DAKOTAPOLL FINDS LARGE MAJORITY OF TEA PARTY SUPPORTERS FAVOR SALES TAX INCREASE FOR EDUCATION
As Collender says: “Psst…Tea Party is Just Like Everyone Else…Pass it Around.”
— Finally, Barry Ritholtz does a good job with unemployment numbers: Worse than they look.