Yes, yes, and yes are my very obvious answers to his title questions…
Of course the history and reasoning are never that simple and Armstrongs expends quite a bit of time and energy explaining the history that leads up to his answers of how the financial world does and should work.
Bottom line quote:
*To PRINT, click "more" then "save document" to open in YOUR .pdf viewer where you can either save or print. Printing directly from the Sbribd menu may not produce good results.
Now let’s talk about Martin’s case… his last attempt at appeal garnered no response other than they moved for restitution in an attempt to punish him for trying to get at the truth. I believe the truth is that they will never allow any of it to proceed in court because the process of discovery, of calling witnesses (hello, Goldman) and garnering sworn testimony will be avoided at all costs.
What follows is a plea to get a response:
The Value-At-Risk Fiasco
38 minutes ago