THURSDAY NOVEMBER 15
Where’s The Trust?!

Responding to widespread speculation that it would write down billions in subprime losses, Barclays CEO John Varley suggested last week that the bank’s failure to comment on the churning rumor mill stemmed more from its lack of veracity than any reluctance on his part to tackle the tough questions. Then today, Barclays went ahead and wrote down billions in subprime losses. Are we missing something here?

November 2007

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