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Sunday, April 17, 2011

Bronte Capital: Fatal Risk – the must-read book on AIG's failure

Bronte Capital: Fatal Risk – the must-read book on AIG's failure:
Also the problem with MS and many other financial firms.

"if you put a salesman in charge of a financial institution with large reach and allow him to operate with thin risk control then your earnings will go up. And up. And up. At least until they don’t. Martin Sullivan proves that truism."

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