O’Reilly Radar - Last year, Bill Janeway really got my attention (pdf) when he noted that “over time, Wall Street ‘firms began to trade against their clients for their own account, such that now, the direct investment activities of a firm like Goldman Sachs dwarf their activities on behalf of outside customers.’” As I wrote in my blog post at the time, Trading for Their Own Account, “I thought, whither Google, Yahoo! and Amazon?”

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