Sunday, February 15, 2009

I, Cringely » Blog Archive » Wall Street Can’t Count - Cringely on technology


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I, Cringely » Blog Archive » Wall Street Can’t Count - Cringely on technology: "Pretty scary, eh? It’s a chart showing the deterioration of major bank market caps since 2007. Prepared by someone at JP Morgan based on data from Bloomberg, this chart flashed across Wall Street and the financial world a few days ago, filling thousands of e-mail in boxes. Putting a face on the current banking crisis it really brought home to many people on Wall Street the critical position the financial industry finds itself in.

Too bad the chart is wrong."

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