Date: February 5th, 2008

When did I earn it? Part 2: who took losses?

5 February, 2008 (10:18) | Capital markets, Securitization, Subprime, Theory, US News | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday’s post started deconstructing a Wall Street Journal article on executive pay and misaligned incentives by using Senator Howard Baker’s recurring compound question: “what did the President know, and when did he know it?”
 

Which piece of paper has the objective truth?
 
We found it was in the interest of these highly compensated […]