Schadenfreude

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Why Washington (especially the media) hates Wall Street.  A friend writes to ask if I've "gone native".   Exquisitely attuned as I am to the effect that severe recessions have on advertising revenue, and the balance sheets of people who fund money-losing magazines--well, no, I certainly haven't.  I'd rather let Wall Street off scott free than sacrifice my job to "teach them a lesson".

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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