the fact that they did not have systems in place to adequately assess the risk, which I think is a fair conclusion of the report of the GAO.
it raises an issue, which is that in 2006, you had at least had serious concerns because of the stress testing that thes...
I would presume, and correct me, that those procedures, those appropriate procedures you described, were not being deplo...
And it raises the question with respect to the Federal Reserve that if these documents are solely within the purview of ...
You know, making the diagnosis that you are ill and then not treating the patient is, you know, malpractice.
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...