The Risk Management Blog
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It looks as though the Treasury secretary may soon have a role overseeing individual financial companies. In a move to help monitor systemic risk throughout the financial arena, Senator Chris Dodd (D-Conn) is looking to release a bill next week that would overhaul financial regulation with sweeping reform. Lawmakers and government officials have agreed that Washington [...]
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Most people who know me know that I despise talking about the weather. I know it’s all part of the small-talking social game we all play but I have to think that we could find something better to talk about than statements of the obvious. Yeah it’s hot/cold/raining/snowing. That’s life. Move on. That being said, [...]
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Some feel the government’s response to the financial crisis may hurt the U.S. economy in the long run. At least that’s what an independent watchdog at the Treasury Department warned. The problem is that the issues that spawned the financial crisis have not been addressed — it has been more than 15 months since the [...]
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Okay, I said it: perhaps we’re being too harsh on AIG. Sure, the company has some serious problems, and its liquidity crisis of 2008 will remain one of the worst business disasters of all time. But since then, AIG has somehow morphed from a deeply troubled company into an avatar of all things wrong with [...]
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