« Quest: Carving Its Niche in the IdM Market | Main | Static KBA: Lipstick on the Weak-Authentication Pig »

September 19, 2008

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83420ad7a53ef010534ba5683970c

Listed below are links to weblogs that reference Wall Street's Governance and Risk Management Crisis:

Comments

readerweb

This is a very clear analysis. Thank you for putting this together.

readerweb

Dave Vital

Bob,
Saw Hank Greenberg (former CEO of AIG)on Charlie Rose Tuesday. He flat out stated the failure of AIG was a risk management failure. In elaborating, he mentioned counterparty risk from CDS's (credit default swaps) was a major reason AIG needed to be rescued. In researching to understand what a CDS is, I came across this gem which uncovers a much more elaborate scheme. This makes the old ponzi scheme look like childs play.

http://www.moneymorning.com/2008/09/18/credit-default-swaps/

So in short...

Summary of the summary:

Greed and stupidity caused the banks to collapse.

The comments to this entry are closed.

  • Burton Group Free Resources Stay Connected Stay Connected Stay Connected Stay Connected



Blog powered by Typepad