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
NYT, January 11, 2008

Discuss . . .

Friday, January 11, 2008 | 11:00 AM | Permalink | Comments (43) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Are Bankers Incompetent Morons?:


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

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™