Friday, September 19, 2008

The Three Lessons of Rocket Science To Learn

Speech by Callum McCarthy

"Let me turn to what the industry should do. For financial institutions I would draw three particular lessons. The first is the need for greater realism – some would say modesty – about their risk management capability." ........ "The second is the need for greater openness about the position of each bank." ....... "The third lesson is not for those financial institutions who originate or distribute financial products, but for those who invest in them. ....... understand what you are buying."

Posted by renting2 @ 09:39 AM (638 views)
Please complete the required fields.



3 thoughts on “The Three Lessons of Rocket Science To Learn

  • “And the fourth is not to allow the regulator to nap on the job for ten years. Oops. that’s me.”

    Reply
    Please complete the required fields.



  • last_days_of_disco says:

    Oh man, this is just so incredibly pathetic. Can someone please knock these guys on the head.

    “Understand what you are buying”, ye think?

    Really, no I just buy things at random, no thought to what they are.

    Reply
    Please complete the required fields.



  • Was there Laurel & Hardy music playing in the background

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>