Christopher Cox, chairman of the US Securities and Exchange Commission, has an excuse. He is an attorney and a politician and has the moral compass and market comprehension for which that sub-genus is held in such high regard. Hector Sants, chief executive officer of the UK’s Financial Services Authority, has none: he actually worked in capital markets, if working for Credit Suisse (CS) and its predecessors meets that standard.
Barry?
We are a nation of morons,
led by complete idiots,
making us complicit in
our own self destruction.
led by complete idiots,
making us complicit in
our own self destruction.
by Paul Murphy
FT Alphaville Sep. 18 2008
by Kara Scannell and Deborah Solomon
The Wall Street Journal Sep. 18 2008
by Barry Ritholtz
The Big Picture Sep. 18 2008
