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Chris Whalen And Barry Ritholtz On Bloomberg: "The Big 4 Banks Have To Cheat To Hide Their Insolvency"

"The big four banks have to cheat to hide their insolvency..."

Highlight clip.  Excellent discussion with Whalen, Ritholtz and Tom Keene from Aug. 30.


Recently from Whalen:

'Bank Of America Will Split Into Pieces Soon'

'What Did Bob Rubin Know About LIBOR Fixing?'



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Reader Comments (7)

Whalen's been tweeting in anticipation of this joint appearance for a few days. He and Ritholtz are on some kind of exercise kick now, and met in Central Park this morning at 5 am for donuts, coffee and jumping rope. They are both blissfully unaware that every hop is a mini-concussion for the brain, but the donuts and coffee are fine.
Aug 28, 2012 at 4:13 PM | Registered CommenterDailyBail
Serious athletes always include donuts in their training regimens. Cigarettes too.

Aug 28, 2012 at 5:25 PM | Unregistered CommenterCheyenne
Nice Belushi flashback, Cheyenne. I watched SNL religiously as a kid. I remember this skit.

Sep 13, 2012 at 12:34 PM | Registered CommenterDailyBail
Actually I run a couple of miles a day. Mini concussion is better than a maxi stroke. Don't think Barry is on the program yet. But we do appreciate your kind comments.
Sep 13, 2012 at 1:16 PM | Unregistered Commenterrc whalen
A Canadian, two decade veteran of the investment industry shows a dozen ways that investment professionals lie to investment customers and use this misdirection to cheat them out of their rightful investment returns.

Have a look only if you care to see how the typical investment broker, gets richer,.......quicker.

Sep 13, 2012 at 1:24 PM | Unregistered Commenterlarry elford
Barry works out with a Samurai sword, as his clinical decapitation of Sorkin-san indicates.

Sep 13, 2012 at 1:40 PM | Unregistered CommenterCheyenne
Great piece from Ritholtz. Hadn't seen that. And I had forgotten about the $25 billion in gifted tax-loss carryforward. It pays to be a SIFI.

And what? Whalen actually made an appearance in comments here. I've never seen a comment from you here or at ZH before, Chris. At least under your own name. Hope you're well, and sorry I missed the late Summer bash.
Sep 14, 2012 at 2:54 AM | Unregistered CommenterDailyBail

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