Professor Elam

Friday Jan 28, 2011

The Financial Crisis Investigation Committee ( Commission?) has its report out. Surprise surprise

Fannie Mae e mails reveal an arrogant culture. One of they keys to developing ethical standards is that the guys and galls at the top have to talk the talk and walk the walk, it all comes from the head office. 

Let's not overlook the accounting gimmicks at Lehman.

Meanwhile at Bear Stearns…

Now, big question, has anything changed on Wall Street, I doubt it.