Courtesy of Mish.
On Wednesday, Salon interviewed Jim Chanos, an early detector of Enron’s fraudulent practices, on our dysfunctional banking system.
I met Jim at the Wine County Conference on Friday. Everyone who attended had a great time. Rather than excerpt the interview, I simply suggest you read We’re Incentivized to Cheat.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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