Graphene is Next h+ (hat tip reader Sugar Hush)
Would You Buy Your Kid an Internship at Vogue? Helaine Olen
Oil spills, crime waves and the increasing militarization of American life Kurt Cobb (hat tip Crocodile Chuck)
Back to Petroleum Kate Sheppard, Foreign Policy (hat tip Crocodile Chuck)
Response by the University of East Anglia to the Report by Lord Oxburgh’s Science Assessment Panel University of East Anglia. So much for “climategate”; the unit was “cleared of any scientific impropriety and dishonesty” by an independent investigation.
Goldman Disciplined on Short Sales Wall Street Journal
JPMorgan Chase Memo Sneers At ‘Ignorant’ Senators, ‘Time For The Grownups To Step In’ Shashien Nasiripour, Huffington Post. And who wrote this client memo?
Crisis Panel to Probe Window-Dressing at Banks Louise Story, New York Times
“The Specter Amendment would take the limited, but important, step of amending the Exchange Act to authorize a private right of action under §10(b), the antifraud provision, and other, less commonly invoked, provisions of the Act, against a secondary actor who provides substantial assistance to a person who violates the securities antifraud rule.” Tim Solanic. This is actually huge, the lack of secondary liability (which goes earlier than Stoneridge, I must admit I forget the case, but I cited it in ECONNED, and Frank Partnoy went on at greater length in his book Infectious Greed) means someone who helps a fraudster (like a lawyer or accountant) can’t be sued by the client of the fraudster. The advisor who actively enabled a fraud can only be sued by his own client.
A “Modest Proposal” for Capital Market Reform: Close Down Rule 144A Stephen Diamond and Jeff Madrick, New Deal 2.0
A bail-out for Greece is just the beginning Martin Wolf, Financial Times
Still Unbalanced Tim Duy
Italy: Much to play for Guy Dinmore, Financial Times (hat tip Swedish Lex)
Pre-avoiding regulation, Goldman style Paul Murphy, FTAlphaville (hat tip Swedish Lex). Unfortunately, we don’t have anyone policing pre-crime.
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