naked capitalism Tue 2010-05-11 09:04 EDT
Richard Smith: Another Nail in the ``Hoocoodanode'' Defense, Circa April 2007
Here's someone with his head screwed on, back in April 2007, who proves singlehandedly that ``hoocoodanode'' was no defense for failing to anticipate the implosion of the shadow banking system (more on this prescient analyst in due course)...So who is this fellow who got it, back in that mythical time when nobody knew what was going on? According to an email correspondent of mine, he is ``a no-name equity guy'' in London. Actually his name is Henry Maxey, and he is chief investment officer and chief executive elect of Ruffer LLP, a small London fund manager. So there's no chance of making him US Treasury Secretary or head of the NYFRB, I'm afraid...
Circa April 2007; defense; Hoocoodanode; nail; naked capitalism; Richard Smith.