Apr 24, 2009

Big Banks' impressive profits abracadabra-esque

Recent 'impressive' profit reports seemed more than a little abracadabra-esque to me and it turns out that (for once) I called it: the big banks' rosy profit numbers have a sorcerer's apprentice quality to them.

But you suspected this, didn't you? And the book-cooking and report-padding continue...
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