Friday, December 07, 2007

Uh, NYT?

I believe this belongs in the Opinion section, not in Business:

If he digs deep enough, Mr. Cuomo may find some e-mail messages, instant messages or maybe even phone text messages that mention the deteriorating quality of mortgages. He might even find some disparaging remarks about the eager, yield-hungry investors, sometimes known as “dumb capital” on Wall Street. And perhaps there will be some comments about the complexity of subprime-linked securities and the willingness of rating agencies to give these investments platinum ratings.

If that happens, it will be Mr. Cuomo, not Mr. Spitzer, who will be cast as the Scrooge of Wall Street. Bankers will say he is just another overly zealous prosecutor out to undermine America’s capitalistic dynamism. By then, of course, Wall Street’s next boom should be just getting under way.

Wow, just wow. Read the whole article - it's a real trip - it manages to cast paranoid aspersions on Cuomo that are made by loose associations in Jenny Anderson's mind and is overly defensive about Wall Street firms - sort of like one giant Wall Street lovefest.

I think this reporter has grown a little too close to the people she covers.

(Emphasis mine)

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