Naked Capitalism’s Yves Smith is on fire…

Yves Smith has been on fire lately. Here’s an article on when offshoring fails.

…As these industry examples illustrate, the tradeoff between cost and flexibility can be quite involved and difficult to evaluate. It now appears that the labour-cost benefits gained from offshoring might not be sufficient to cover the lost flexibility under many circumstances.

Here she discusses the continuing robosigning.

And here is the view from within a bank.

A writer for the Minneapolis CityPages managed to worm his way into a presentation to the annual meeting of the Minnesota Chamber of Commerce by US Bank’s CEO, Richard Davis…

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