Having listened to that, it is, I think, very insightful, and it seems to be a great approach.
This financial crisis has demonstrated that, contrary to the presumption of many, financial institutions were unprepared...
The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.
When self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the ...
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks ...
Blame must primarily be placed at the feet of these financial institutions which gambled and then cashed in on exorbitan...
But there is another way sort of to get the message across to the marketplace, and that is enforcement action.
You know, where was the risk assessment at the enterprise, as you described it?
Yes. Mr. Long, the same sort of set of issues about reliance upon information and being a captive of the regulated entit...
I will say, though, that in terms of really doing our job, if we sense that there are deficiencies and need to do more t...
Well, let me raise--because this has been publicly discussed.