Jim Chanos – Financial Frauds and Manias: Past, Present, Future (EP.02)
Infinite Loops
00:00
The Five Models of Investment Fraud Detection
The five models that we teach the students work in different waysand and overlap, of course. The macro model is the kindelburgminsky model, which basically says that the fraud cycle follows the business cycle and financial cycle with a lag. We then have we use governance model, which i derive from bill black from his great book, the best way to rob a bank is to own onewasisawich wat, his stories of the esenel and banking crisis as an a bank experememer quite wel late eighties, early 90s.
Transcript
Play full episode
