Reader's Comment About Transparency
Wendy Fried writes the following in response to the September 26, 2008 post entitled "Would Better Disclosure Have Helped WaMu Shareholders?"
"It's pretty hard to say without knowing what really pushed WaMu over the edge. If it was a run on the bank by ordinary depositors acting out of fear, as has been reported, it's hard to see how more disclosure would have helped. More likely, what was called for was was smarter regulatory oversight and less faith in self-serving risk models." Wendy is creator of an interesting and colorful blog called Proxyland.
