And that someone is Fareed Zakaria, in columns published in the Washington Post ("Cool the Goldman Rage") and in the Post-owned Newsweek. Zakaria is unimpressed by the SEC's fraud case against Goldman Sachs; he likens the firm's mortgage securities bonds to someone placing a bet against the New York Yankees. Then he writes: But the rage surrounding the Goldman case can cloud our perspective and distort public policy. We're going through a familiar part of America's boom-and-bust cycle. Having been mesmerized during the go-go years, having unduly lionized and feted industries, firms, and people as they rode the wave, we [...]
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