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  Tuesday, 8 Mar 2011 | 10:38 AM ET

Goldman Sachs' Victory Lap

Posted By: Ash Bennington
The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Prepare for a victory lap at 200 West Street: Goldman Sachs has rejoined the ranks of respectability.

Bloomberg reports : "The Bank of England’s appointment of Goldman Sachs Group Inc. Senior European Economist Ben Broadbent to its Monetary Policy Committee shows governments are again looking to the firm for top decision makers, less than a year after it settled U.S. fraud claims."

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  Tuesday, 8 Mar 2011 | 10:02 AM ET

What the Tapes Mean for the Insider Trading Case Against Rajat Gupta

Posted By: John Carney
Rajat Gupta
Eric Piermont | AFP | Getty Images
Rajat Gupta

Accused insider trader Rajat Gupta resigned yesterday from the boards of directors of AMR Corporation and its subsidiary, American Airlines , Inc.

But the loss of yet another board seat—Rajat was also on the boards of Goldman Sachs and Procter & Gamble before the SEC began investigating his connections to Galleon hedge fund founder Raj Rajaratnam’s alleged insider trading—is hardly the worst of Gupta’s worries.

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  Tuesday, 8 Mar 2011 | 9:47 AM ET

Shadowboxing the Banking Apocalypse

Posted By: Ash Bennington
Wall Street sign
Paul Giamou | Aurora | Getty Images
Wall Street sign

The battle has been joined—and the belligerents have hewn to precisely the war plan one would expect of each.

Francesco Guerrera foreshadows a great deal of the looming hostilities between banks and the shadow banking system in his aptly named article "Monsters that lurk in the shadows of Wall St," which appears in today's Financial Times .

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  Tuesday, 8 Mar 2011 | 8:40 AM ET

Banks Ripping of Customers Doesn't Result in Big Gains for Shareholders

Posted By: Julia La Roche
  Monday, 7 Mar 2011 | 4:44 PM ET

How Do You Know the US Isn't Bankrupt?

Posted By: Ash Bennington
  Monday, 7 Mar 2011 | 4:13 PM ET

Why John Carney Is Wrong to Oppose a No-Fly Zone for Libya

Posted By: Ash Bennington
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011
Mustafa Ozer | AFP | Getty Images
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

My colleagueJohn Carney is half right in his opinion piece about Libya —and where he is wrong he is wrong for the best of reasons.

Carney has taken the position that a US enforced no-fly zone in Libya should be avoided in favor of offering Qaddafi the carrot of amnesty in exchange for his immediate departure from the country.

Here is the backbone of his anti-no-fly zone argument:

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  Monday, 7 Mar 2011 | 2:55 PM ET

Just Say No to a ‘No Fly Zone’ Over Libya

Posted By: John Carney
Libyans shout slogans against Libyan leader Moamer Kadhafi while holding a cartoon depicting Kadhafi being hit with a hammer symbolising 'the people's will'.
Gianluigi Guercia | AFP | Getty Images
Libyans shout slogans against Libyan leader Moamer Kadhafi while holding a cartoon depicting Kadhafi being hit with a hammer symbolising 'the people's will'.

Now that senior senators from both the Republican and Democratic parties are putting pressure on the Obama administration to put a “no-fly zone” in place over Libya, it’s incumbent that skeptics of this kind of belligerence speak out.

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  Monday, 7 Mar 2011 | 2:28 PM ET

The College Bubble Is Leaking

Posted By: John Carney

Last summer, Barack Obama promised a new education program that would produce 8 million more college graduates by 2020.

Few people at the time raised the obvious question: do we really need an additional 8 million college graduates? Where’s the evidence for a coming shortage of college educated workers?

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  Monday, 7 Mar 2011 | 1:38 PM ET

Bud Fox & Hunter S. Thompson

Posted By: Ash Bennington
Charlie Sheen as Bud Fox in "Wall Street"
Source: 20th Century Fox
Charlie Sheen as Bud Fox in "Wall Street"

There's a clever meme bouncing around cyberspace: It's an online quiz from New York Magazine.

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  Monday, 7 Mar 2011 | 12:31 PM ET

Did the SEC Open an Escape Hatch for Ratings Agencies?

Posted By: John Carney
Emergency Escape Hatch
Iconica | Juan Silva | Getty Images
Emergency Escape Hatch

Despite almost universal recognition that the failures of the credit ratings agencies to perceive and disclose the risk in asset-backed securities played a pivotal role in setting the stage for the financial crisis, they’re still an integral—and legally mandatory—part of our financial system.

They’re so influential, in fact, that they can effectively veto efforts to regulate them.

Recently the ratings agencies exercised their veto power over attempts to subject them to liability for faulty ratings.

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  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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