Monday, July 23, 2007
US CEO’s in denial
`No Clear Signs' of Crisis
On Wall Street, where the most lucrative credit markets are barely limping thanks to the worst housing slump in a decade, there isn't a Chief Executive Officer who will tell you there is a crisis.
Posted by alan @ 06:16 PM (535 views)
3 thoughts on “US CEO’s in denial”
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paul says:
That quote above is not from alan, that’s from Bloomberg.
This is really really serious for USA Inc. A sh#tstorm is brewing over there and it’s coming over here with on the Atlantic Drift.
lvmreader says:
Dimon of New York-based JPMorgan, the largest arranger of loans rated below investment grade, said he isn’t “particularly concerned” about loans that the bank has been stuck with after failing to sell them to investors.
Jamie Dimon went through the LTCM meltdown. This one is much, much worse.
We will see the failure of a top tier investment bank or two and several national size retail outfits. Watch out for shotgun mergers to hide the truth.
Orwell says:
As with savings and loans, not yet……………