Are Bankers Incompetent Morons?

Friday, January 11, 2008 | 11:00 AM

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
FLOYD NORRIS
NYT, January 11, 2008
http://www.nytimes.com/2008/01/11/business/11norris.html


Discuss . . .

Friday, January 11, 2008 | 11:00 AM | Permalink | Comments (43) | TrackBack (0)
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Comments

BOA buying CFC buy now needs more capital to stay neutral?

I believe both CFC and BAC are bankrupt.

Posted by: John Borchers | Jan 11, 2008 11:12:31 AM

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