Pity the fool - The Business Facilities Blog - Economic Development.
Business Facilities
OCTOBER 24, 2008
The flaw, he explained, was that the banking giants had failed to regulate themselves, causing the intellectual edifice of the modern risk-management paradigm to collapse. Those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief, he said.
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