Posted AT 11:56 PM EST on 14/07/08
Stocks, lies and the grapevine crackdown
NEW YORK — The real threat to the wretched U.S. financial system is apparently not narcoleptic rating agencies, or indiscriminate lenders, or even gluttonous investment bankers. At least that's the conclusion one might draw by parsing this weekend's statement from the U.S. Securities and Exchange Commission, which hinted at a far more pervasive – and elusive – villain: gossip.
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