Political Quotes

Jack Reed: “The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks…”

On the recordMarch 17, 2009
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks that were building.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed criticizes the failures in governance and risk assessment in financial firms.

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