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March 21, 2009

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I think the Surowiecki column is "Hazardous Materials" - "The moral-hazard argument also assumes that the most important factor shaping corporate decisions is the interest of the company as a whole. But, more often, what’s shaping those decisions is the interest of individuals, and on Wall Street those interests are often only loosely connected to the long-term health of companies." The link is below.

http://www.newyorker.com/talk/financial/2009/02/09/090209ta_talk_surowiecki

Ah yes, that was the column. Thanks for finding it -- I've updated the link in the post to point to the specific article.

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