Posted on July 13th, 2009 by Tom Groenfeldt
Better add Vanity Fair and yes, Rolling Stone, to your reading list if you want to understand the financial crisis. No longer are Banking Technology, the Economist and the FT enough.
In the current Vanity Fair Michael Lewis, of “Liar’s Poke” fame, delves into the role played by AIG Financial Products.
“Here is an amazing fact,” writes [...]
Filed under: Credit Crunch | Comments Off
Posted on July 11th, 2008 by Tom Groenfeldt
Ah ha! Credit rating agencies seem to have been up to no good. There’s a big surprise. In the US, the SEC issued the findings of a 10-month report which found all three agencies – Moody’s Standard & Poor’s and Fitch Ratings had “sacrificed quality for profit” as the Journal headline put it.
The report included [...]
Filed under: Technology | Comments Off
Posted on May 16th, 2008 by Tom Groenfeldt
Last month at The Forum in London, the MiFID conference sponsored by JWG-IT, David Wright, deputy director general, EU Commission, told bankers they should take the current financial crisis seriously. “The firms that created this mess have to step up to the plate. This is not the time for firms to seek de minimus solutions or [...]
Filed under: Credit Crunch, Technology, regulation | Comments Off
