From Asia Times Online
By Chan Akya
"The crisis didn't occur because of something that banks did. No, it was the natural consequence of the way banks are, even today." That little sentence in the middle of Mr Mayo's introduction to the book is perhaps the clearest statement of intent that one can expect from any author who sets out to write a book on a subject that he knows better than the back of his own hand.
Mike Mayo doesn't need an introduction to most "sophisticated" investors in the equity markets, far less anyone who has been a fund manager responsible for managing a portfolio of US banking stocks. He is perhaps one of the most distinguished equity analysts in financial market history; a person with one eye on market strategies and the other on bankers' integrity.''
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