Yves Smith has another long broadside today against Goldman Sachs, Morgan Stanley, and any other bank which made money on synthetic CDOs. She links approvingly to yesterday’s NYT editorial, which concludes:
Mick Weinstein, the editor-in-chief of Seeking Alpha, has unveiled his latest side project, the Daily Curator. And I love it. Mick says it’s a “pre-pre beta”, but I hope he doesn’t change too much besides the range and depth of content, because the gorgeous simplicity of the site makes it a joy to use.
Prosecutors of white-collar crime are a bit like investigative journalists, trying to connect dots. But reading Susan Pulliam’s account of how the Galleon case was put together, I’m struck by how unprepossessing some of the most crucial dots were.
Andrew Vanacore has a long and sometimes confusing overview of the state of play in the television industry, which concentrates on the possibility that one or more networks might convert into cable channels sooner or later. But there seem to be lacunae in the story — not least the large number of cable channels which pay for the privilege of being featured in the cable-TV lineup, rather than being paid by the cable companies.
Ryan Grim and Arthur Delaney have the must-read story of the day, on the politics of the House financial services committee. It’s long — 6,500 words, spread over three pages — and it took five journalists in all to piece it all together: don’t say that HuffPo doesn’t do original reporting!