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The Subprime Mess From Mount Olympus

Columbia Journalism Review, by Dean Starkman - Every time we have one of these meltdowns, the business press seems to adopt one of several postures: “Everyone knew that,” or ” ‘Twas ever thus,” or anything other than introspection. In fact, no complicated explanation is required. Their beat just blew up. It’s like the city hall reporter arriving at work one day to find the mayor being led out in handcuffs. Uh, oh. Better think of something.

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