Megan McArdle has, unsurprisingly, gone a little too far with her latest post on Matt Taibbi, which is less an attack on his work and more an attack on his competence. Since The Atlantic has seldom or never bothered to rein in her incompetence, she does not recognize the proper boundaries of professionalism and good taste. I have delayed refuting it because I was devoutly hoping someone else would, and now I see Taibbi will answer McArdle when he has more time. (Phew!)
Barry Ritholtz also responds regarding McArdle's ridiculous statement that since there was no one villain, nobody was to blame.
ADDED: And of course the great Glenn Greenwald regarding Goldman Sachs, and McArdle in passing.
ADDED (2): MonkeyBusinessBlog analyzes McArdle's "takedown" as well. Part 1. Part 2.