Change of Policy in Pakistan?
The only thing necessary for the triumph of evil is for good men to do nothing -- Edmund Burke
posted by newsbeat1 at 4:45 PM
|
0 comments
"UBS AG, Merrill Lynch & Co., Citigroup Inc., HSBC and Wachovia Corp. presumably satisfy these criteria and surely regard themselves as financially sophisticated. Yet they and other institutions worldwide have racked up $505.5 billion in losses and writedowns because of the mortgage meltdown.
Steering Clear
Given such a performance, the folks who steered clear of collateralized-debt obligations and similar instruments may be considered the more sophisticated, if only because they were smart enough to acknowledge what they didn't understand."
posted by newsbeat1 at 4:36 PM
|
0 comments
posted by newsbeat1 at 4:16 PM
|
0 comments
posted by newsbeat1 at 3:00 PM
|
0 comments
posted by newsbeat1 at 11:40 AM
|
0 comments
posted by newsbeat1 at 6:15 AM
|
0 comments
posted by newsbeat1 at 6:06 AM
|
0 comments
posted by newsbeat1 at 6:00 AM
|
0 comments
Blogroll Me!