Posts filed under “Taxes and Policy”
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.
Longer version can be found here:
Banks Plead They Can’t Follow Rules
NYT, January 11, 2008
Discuss . . .