Tuesday, June 17, 2008

Banking: Still a top priority in a fast-changing world

FT.com / In depth - Banking: Still a top priority in a fast-changing world: "Steve Kaplan, professor of entrepreneurship and finance at the University of Chicago Graduate School of Business...uses the snappy acronym CFIMITYM – cashflow is more important than your mother – and points out that the subprime market crashed and burned because investors had bought something that had “less cashflow than

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