Category: Transparency

Open the books Countrywide

19 October, 2009 (10:19) | Countrywide, Policy, Subprime, Transparency, US News |

By: David A. Smith   Two years ago, two years after I’d called the market top and just as the subprime mess was beginning to break, in the form of New Century’s bankruptcy and problems alleged at Countrywide, I stuck up for Angelo Mozilo – or more precisely, I questioned the New York Times‘s putative […]

Bank creditworthiness: we don’ wanna know

19 March, 2007 (09:57) | Banks, Investment, Moody's, Rating agencies, Transparency |

If someone offered you free additional information that might be relevant to a critical financial decision, wouldn’t you want it?    You don’t want to know what I’m thinking   Say you were a global institutional investor planning to buy securities issued by a major bank in a foreign country.  Similarly, if you were thinking […]