“His datapoints proving that Wall Street is irrelevant are (a) the fact that Lloyd Blankfein has hired a criminal defense lawyer; and (b) the megamerger between Deutsche Börse and the NYSE. Both stories, of course, have been extensively covered by DealBook; they’re right in its wheelhouse. And neither of them shows what Brisbane seems to think they show — that DealBook is an anachronistic throwback because Wall Street is less relevant than it used to be. Wall Street has always had lawyers and mergers; they’re what it’s built on.”
— Arthur Brisbane is a terrible Times’ “Readers Representative,”
chapter 23 in a series. He’s been at the job 14 months; we’re fewer than halfway through his tenure.