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The Anti-Goldman Culture

Harvard Business Review

But it isn't true that the entire finance and investment industry is guilty of the cultural lapse that Smith is describing. One of our chapters tells the story of Mabel Yu, a Vanguard fixed income analyst who had the courage to resist buying Wall Street's "toxic waste" in the form of mortgage-backed derivatives.

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Why Bankers Need to Be Put Into Little Boxes

Harvard Business Review

To mainstream economists the Glass-Steagall Act that separated the banking and securities industries looked like a competition-restricting, innovation-damping anachronism. That we resisted the temptation to the extent that we did is a source of at least some consolation for me.

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