Entries from September 2009

Wednesday, September 30th, 2009

Kinder, Gentler…and Perverse

Laguna Beach, California

A closer look at U.S. banks’ “imbalance sheets,”
The credit recovery and assorted other myths and frauds,
Plus, the “Prudent Man” gets violated and other cautionary tales…

Eric Fry, examining the DNA of illusions and deceptions, reports…
In the September 11, 2009 edition of the Rude Awakening, we observed that the “recovering” credit markets might not be [...]