Friday, January 11, 2008

The $64,000 Question

Barry summarizes a recent article in the NYTimes, and poses a question (01.11.08):
"Shorter Floyd Norris:

'We bankers are idiots, we can't do basic math, have little in the way of risk management. Lobbying for FASB rule changes is the only way we can cope.

Also, our investors may likely be idiots also.'"

Are Bankers Incompetant Morons?

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