Sunday, December 2, 2007

The equation of big banks' crash: f(big loss)=?



f(big loss) =

(High dependency on the Quant Retards) + (Treating Ivy League College grad CEOs as GODs) + (Lack of strategies in the World Macro) + (Extreme Arrogance of Domestic Micro) +…..Political Quagmire, Federal Reserve Policies……

= Internal Subprime and Credit Crisis

= Billions of Dollars of Corporate Write-Downs