Dr. Josef Ackermann Blames Bad Management for Financial Crisis
No industry is immune to the global, cyclical and structural changes reshaping the world economy. In the 2010 World Economic Forum in Davos, famous economists shared their industry's evaluation of the most important challenges and opportunities in 2010. In this excerpt, Dr. Josef Ackermann explains why bad management was probably the cause of the financial crisis.
Dr. Josef Ackermann Blames Bad Management for Financial Crisis
Financial Crisis: a Stimulus for Change
Is there a deeper lesson at the heart of the current financial collapse? Can we use the current crisis to stimulate a lasting change in our approach to life?...
Financial Crisis - Don\'t blame the Banks, blame yourself!
The UK is still in the grip of a huge financial crisis and according to the media the Banks are at fault. This is the message we have been fed for the last couple of years, but if you want someone to blame, start looking a little closer to home!...
Credit Risk Management and therefore the Money Crisis - Are Credit Default Swaps to Blame?
Credit default swaps (CDS) are widely blamed by politicians, regulators and also the media for his or her role in the continuing crisis. What was their original purpose, and the way have they contributed to the turmoil within the economy? A credit default swap could be a credit derivative; this can be a financial instrument whose worth depends on an underlying or reference asset, such as a bond, bank loan, mortgage, etc....
Financial Crisis - Don\'t Blame The Banks, Blame Yourself!
The UK is still in the grip of a huge financial crisis and according to the media the Banks are at fault. This is the message we have been fed for the last couple of years, but if you want someone to blame, start looking a little closer to home!...
Global Financial Crisis
The financial distress of the last two decades has revived interest on the question of the stability of the financial system. On the one hand, the "pessimist" view, associated primarily with Minsky argues that not only that the financial system is prone to such crises ("financial fragility" in Minsky's terms) but also that such crises are inherent on the capitalist system ("systemic fragility"). On the other hand, the monetarists see the financial system as stable and efficient where crises not only are rare but also are the fault of the government rather than the financial system as such....
Financial Freedom in Credit Crisis
It is said that crisis can be opportunity riding a dangerous wind. Where is the opportunity for you when all you hear is more bad news? Money is not being lost, it is not disappearing off the planet. Those that are in the know, know where it's going and this article will show you this perspective and help you find the direction to not just survive but to thrive in this "crisis"....
The Psychology of the Financial Crisis
Across the globe, people are suffering from economic crises. Many people are now asking "How did we get into this mess?" The responses by various people revolve around blame: the Government, Wall St, financial institutions, lenders, brokers and of course, individual buyers and investors....
Credit Risk Management and the Financial Crisis - Are Credit Default Swaps to Blame?
The sub-prime crisis has been blamed on the use of credit default swaps. What are credit default swaps and how might they have contributed to the crisis? What does the future hold for these instruments?...
Blame Game
Blame has driven humanity past mere survival for millennium. Could this be the dawn of a new era in which we take a new look through the clarity of no blame? Can we solve the problems of politics by simply stripping this one element from all existing cultures? This conversation or sketch shows how hard that can be...
Risk Management in a Post-Financial Crisis World
One thing that the financial meltdown has show in crystal clear relief is that among the many contributing factors, there can be no doubt that Risk Management didn't adequately manage risk. Why this was so is going to be the subject of much debate in the coming months and years. Were Risk Managers constrained by the executive suite who wouldn't hear the warnings, or were Risk Managers not answering or not even able to answer the basic questions of their trade? Whatever the reason the profession of Risk Management has some deep soul-searching to do....
