Jan

12

 How is this behavior any different from an inconvenient truth applied to the financial arena: "Treasury Statements Omit Projected TARP Losses, GAO Says".

Victor Niederhoffer comments: 

Might this be called the decoy or the perfect lie where you tell a little something about what you did wrong so as to omit the big thing? Galton reported that it was always necessary to cache some very invaluable loot at your hiding place while caching the real loot in the overhead branches of some impenetrable tree. Perhaps someone will recall the name of that impenetrable tree so it can be compared to the decoy. How much have they loaned to the banks e.g. and what is the opportunity cost of that?


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