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Balanced Fare: We Report, You Deride

Thursday, June 06, 2002




When Goldman Sachs Speaks, People Listen

And yesterday at a National Press Club lunch meeting, the Chairman of Goldman Sachs spoke about corporate governance and the need for reforms. Despite the fact that he is not an elected official or a government appointee, even Paul Krugman may admit that this is a push for reform.


UPDATE: When Goldman Sachs speaks, the NY Times listens. After discussing the Chairman's comments and mentioning initiatives at the New York Stock Exchange and Standard & Poors, the NY Times editorial page tells us that:


"Self-interest is forcing meaningful, if piecemeal, reforms. This crisis of investor confidence is a serious economic threat. In order to advance the national interest, Congress ought to join the reform effort."

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