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You could have said the exactly same thing about Madoff, right up until the music stopped. That's really not sufficient, and it becomes less sufficient with eac
by arcticbull 3y ago
You could have said the exactly same thing about Madoff, right up until the music stopped. That's really not sufficient, and it becomes less sufficient with each dollar they claim to add to the top of this pile. The bigger the pile the higher standard we should hold them to, not lower, because they get progressively more systemically important.
If your bank claimed to have $100B and issued kangaroo attestations from BDO Italia for some reason, would you just go hm, seems fine, or would you demand more evidence?