Friday, April 24, 2009

Alice in Financeland



I came across this short article on New York Times.

"So Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up. "

Oh, don't you just love irony? Doesn't it just warm your heart to know that no matter what kind of a mess we have created, we can always play with numbers to make us look good or at least not that bad?

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