NEWS

CPIC Chairman James S. Chanos outlines on CBS Moneywatch (September 21, 2009) the sources of the financial crisis between 2007 and 2009 and the emerging lessons. In an interview with CBS Marketwatch reporter Jill Schlesinger, he said, “I’m not sure a lot has changed; there’s some troubling signs of backsliding.” As an example, he noted the recent efforts by banks to put in place accounting standards that will result in more opacity in their financial statements. That will make it harder for investors to evaluate financial stocks, he warned.