Felix Salmon

pestering preening potentates

Wednesday links aren’t quite what they seem

Apr 30, 2009 00:22 EDT

Banks Juice Profits, Fantasize About Loan Quality: By lowballing loan-loss reserves, banks can squeeze out substantial profits ahead of a stress test.

Unauthorized Copies Are Not Counterfeits

Quote of the Day: The amount of information needed to understand fully a CDO-squared. But actually that’s kinda the point, people were counting on the law of large numbers to help them out. Unfortunately, this particular large number was an exception to the rule.

« Previous Post
Next Post »

Post Your Comment

House Rules:
  • We moderate all comments and will publish everything that advances the story directly or with relevant tangential information
  • We try not to publish comments that we think are offensive or appear to pass you off as another person, and we will be conservative if comments may be considered libelous.