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A Financial Writer at New York Times Admits He’s Been Misrepresenting Bank Capital for 14 Years
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A Financial Writer at New York Times Admits He’s Been Misrepresenting Bank Capital for 14 Years

by Pam Martens and Russ Martens‚ Wall St On Parade: Yesterday‚ in an emailed newsletter to readers of the New York Times‚ financial writer Andrew Ross Sorkin effectively admitted that he has had no clue what bank capital actually is for the past 14 years so he just grabbed the phrase “rainy day fund” to […]
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