Sunday, April 23, 2006

Confessions of a Wall Street Analyst

I'm going to provide a link to this weekend's Financial Sense Newshour interview with Dan Reingold, author of Confessions of a Wall Street Analyst. Reingold was a telecom analyst on Wall Street who has drawn on his career experiences and observations to paint a picture of conflicts and corruption within the financial industry.

Listen especially to the section around 50 min. in when Dan and interviewer Jim Puplava discuss the pervasiveness of accounting fraud and the lack of concern over these widespread practices. It seems a sad illustration of just how far the "ends justify the means" philosophy extends in modern society.