The Credit Crisis and Failed Risk Analysis: 'We're Nowhere Near the End Here'

Posted by Plus Master at 8:06 AM
 

When you sit down, you probably don't check under your seat for a bomb. Even though it could kill you, chances are slim that it's there.

A similar view of risk led bankers, their regulators and other government officials to overlook dangerous investments and business models that contributed to the global credit crisis, according to speakers at the annual financial risk roundtable held by the Wharton Financial Institutions Center and the Oliver Wyman Institute, a management consulting firm.

Read the full article here on the Knowledge@Wharton website.

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