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The same people, including the media’s armchair warriors and the think-tank “scholars,” bounce from one catastrophe to the next with no consequences for their fallacious “group thinks.” Most recently,
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The SEC is not telling holders of hard-hit mortgage-backed securities that they can willy-nilly slap any value on them they want. What the SEC is saying is: You can take other factors into account.
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Visitors to this space may recall that I wrote this summer about the issues Reuters and other news organizations face in dealing with reader comments on stories. I’ve become increasingly concerned.
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