Falling Off a Cliff

September 17, 2008 at 11:12 pm | Posted in Rants | Leave a comment

All the recent stock collapses within the financial industry show a very similar trend – the shapes below for all the big companies that have collapsed all show a lack of transparency as management assures the public and their investors that all is well until they fall off a cliff. No transparency leads to no confidence leads to no capital. In some countries, this would put many of Wall Street’s titans on death row.

AIG

LEH

FNM

FRE

BSC

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