Who Is Now Number One in the Banking Industry? [View article]
You can't simply blame the Presidents and Execs of these fallen companies. Many of them didn't know or understand the investments their subordinates had taken on.
The complexity of these assets are so deep that they can't even put a value on the securities, nor do they know what all the security represents.
Complexity makes companies easier to fail, the vast webs they create can be at the expense of their own demise.
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You can't simply blame the Presidents and Execs of these fallen companies. Many of them didn't know or understand the investments their subordinates had taken on.
Oct 06 01:28 am
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All Comments by jrs87sch »Who Is Now Number One in the Banking Industry? [View article]
The complexity of these assets are so deep that they can't even put a value on the securities, nor do they know what all the security represents.
Complexity makes companies easier to fail, the vast webs they create can be at the expense of their own demise.