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Trust me, in Taiwan they don't allow people to hide 40 to 1 dervivatives bets nor issue orders like the SEC did yesterday letting companies declare any arbitrary value they want for paper that no one will buy. As far as Asia is concerned, US bank values are worth less than Russian bonds. 0% transparency, 0% accountability, 0% regulation, 0% fiscal restraint. The US is looking a lot like the USSR.
Oct 13 00:05 am
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All Comments by Moon Kil Woong »Clear and Concise: Decoding The Meltdown [View article]