Whistleblowers?
Sometimes you wonder if the public will eventually cry out for whistleblowers when an insider knows the company is following a strategy that ultimately leads to the toilet.
In the end, we’re just trying to build our big amusement park where stocks return a steady 6% a year and the government guarantees all your loans.
We’re so inured (I have to keep my vocabulary up, since most of our communication these days is restricted to top-500 English words) to these atrocious dollar figures. Billions written down! That means they were on the balance sheet until just now! As assets!
The information economy struggles to put dollar signs on valuable things that aren’t for sale.
From what I know about these hybrid securities, it’s going to be hard to apply regulations to them.