glassbox

Does Warren Buffett Think Goldman Is More Creditworthy Than GE?

Both deals tells u nothing about what Warren Buffett thinks of creditworthiness but it does show you that GE is likely to be much more desperate than Goldman.

Moral Hazard: A Danger to Our Financial System

Tom, this is a very good article. But I'm afraid not many of the generation that has not retired (i.e. those 55 years and younger) actual understand the meaning of 'moral'. Sadly, I think its a lost principal in many business dealings these days. Hence, a blow up almost every few years....

For many, the law of the jungle rules, so caveat emptor....