Date: October 9th, 2007

Putting the trash out

9 October, 2007 (09:00) | Markets, Subprime, US News | No comments

In what area do we get financial rewards for dumping our garbage?  Why, in the heady world of capital markets finance, where the announcement that you’ve lost any specific number of billions of dollars is better than not admitting how many billions you’ve lost.
 

“Billions and billions and billions of losses.”
 
Sound topsy-turvy?
 

No, we’re always headed the [...]