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Island Investing

Riffs, rants, and the upside of investing from way off Wall Street


This Week’s Sign the Lunatics Are Running The Asylum

Apologies for the delays between posts. Been in the cave on companies lately, among other things. Back in a while to pick up on that CRBC series. In the meantime, here was the most attention grabbing lede I read all week:

“Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.”

Great article from ProPublica – “Banks’ Self-Dealing Super-Charged Financial Crisis.” Here it is in its entirety. Also includes these great graphics (click to enlarge).