Wednesday, December 3, 2008

The making of a credit crisis

Here's an interesting set of slides to provide an overview of how the credit crisis was caused, even though there is a little something that is missing: the role of rating agencies that failed their mission more than ever before...


  1. The slides also do not mention the failure of the regulators that have not correctly identified the risks that the credit institutions were facing.

  2. Yes, that is quite accurate, but who's going to regulate the regulators? Do you really believe it to be very healthy that the boys of Goldman Sachs have provided so many of the past Secretaries of the Treasury in the US?