Monthly Archives: December 2010

yogi berra on leverage

Professor Anat Admati, one of the distinguished economists who were recently widely noted as calling the bluff on bank CEO assertions about the negative effects of stricter capital requirements, has written a letter addressing the nonsense touted in the Financial…

emperors without clothes

Anyone who still believes blustery assertions from the mighty CEOs of Deutsche Bank, Goldman, JP Morgan, Barclays, and so on, about how they did not really need government help to survive the crisis should just take a look at the…