The Wall Street Leviathan(nybooks.com)
nybooks.com
The Wall Street Leviathan
http://www.nybooks.com/articles/archives/2011/apr/28/wall-street-leviathan/
3 comments
I read it more as "The six most profitable financial institutions in the US now account for 55 percent of all banking assets" which makes sense to me.
So it's a failure of editing.
> Measured by their profits, the six largest financial institutions in the US now account for 55 percent of all banking assets.
should read
> The six largest financial institutions in the US, as measured by their profits, now account for 55 percent of all banking assets.
> Measured by their profits, the six largest financial institutions in the US now account for 55 percent of all banking assets.
should read
> The six largest financial institutions in the US, as measured by their profits, now account for 55 percent of all banking assets.
And here the author has lost a generous slice of credibility. It's like saying "Measured by their clockspeed, the six largest CPUs in the US now account for 55 percent of all hard drive space".