Ode to the ‘Vampire Squid’

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Stewart Eisenhart

By now, everyone in the financial press has come across Rolling Stone political reporter Matt Taibbi’s comparison of Goldman Sachs’ business practices to the habits of the deep-sea vampire squid. Like many industry observers, I found the metaphor inappropriate, insulting, and inaccurate, to say the least.

After all, when was the last time a vampire squid made an astronomical profit betting against the US housing market and then awarded itself equally astronomical bonuses following a multi

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