Sunday, October 19, 2008

Good Cap, Bad Cap

Investment bankers have gone in the past few months from being the "masters of the universe" to the object of universal scorn. Across the political spectrum in the United States, particularly at the fraying ends of its two main political parties, criticism of Wall Street can be heard. Even McCain and Obama– whose presidential campaigns have been generously funded by Wall Street– have had to make half-hearted statements about how "greed is, um, bad."

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