Chris Skinner's blog Shaping the future of finance
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Today's must read
Don’t Dismiss Taibbi (Columbia Journalism Review)
Mainstream financial journalism is doing its level, eye-rolling, heavy-sighing best to stuff Matt Taibbi back into the alt-press hole he came from, but he’s not going along with it, and the mainstreamers in any case are making a big mistake.
The Rolling Stone writer cemented his status as the enfant terrible of the business press with “The Great American Bubble Machine,” a 10,000-word excoriation of Goldman Sachs.
Mainstream financial journalism is doing its level, eye-rolling, heavy-sighing best to stuff Matt Taibbi back into the alt-press hole he came from, but he’s not going along with it, and the mainstreamers in any case are making a big mistake.
The Rolling Stone writer cemented his status as the enfant terrible of the business press with “The Great American Bubble Machine,” a 10,000-word excoriation of Goldman Sachs.
Companies
Paypal adds new fees with no notice (Gadgetell)
Regulators
Regulator denies leisurely style (BBC)
FSA chief rebukes ministers over bank bonuses (Financial Times)
The Crisis
IMF puts total cost of crisis at £7.1 trillion (Telegraph)
Bank mortgage lending falls by nearly £40bn (Telegraph)
(US) Banks make $38bn from overdraft fees (Financial Times)
When will we get our money back? (BBC)
Restoring the reputation of Scotland’s banks (Financial Times)
Restoring the reputation of Scotland’s banks (Financial Times)
Why not stop the free cash and call the bankers' bluff? (Telegraph)
A Swiss lesson in how to solve the banking identity crisis (Financial Times)
A Swiss lesson in how to solve the banking identity crisis (Financial Times)
General
How Americans Got Into a Credit Card Mess (Time Magazine)
