Incentivized to Cheat

On Wednesday, Salon interviewed Jim Chanos, an early detector of Enron's fraudulent practices, on our dysfunctional banking system.

I met Jim at the Wine County Conference on Friday. Everyone who attended had a great time. Rather than excerpt the interview, I simply suggest you read We’re Incentivized to Cheat.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.