Mike Mayo, MD & financial analyst at CLSA, shares his critical views on the current state of finance industry.
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“An explosive critique about the investment industry: provocative and well worth reading.”
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Will be interesting to see what happens with Jon Corzine and the MF Global scandal…..it is just small enough that the insiders may get hung out to dry while the big players have no chance of facing justice.
“Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That’s how it goes
Everybody knows
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died”…..Leonard Cohen
Non Farm Payrolls Number: An Early Christmas ‘Goose’ Stuffed with Baloney
http://jessescrossroadscafe.blogspot.com/2011/11/non-farm-payrolls-number-early.html
G-20: All Hat, No Cattle
http://market-ticker.org/akcs-www?post=197021
They found it…amazing!
http://jessescrossroadscafe.blogspot.com/2011/11/mf-global-658-million-in-missing.html