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Regulators, particularly those within the SEC, took a lot of criticism for their inability to prevent the financial crisis in 2008. And rightly so. The complex CDOs and credit default swaps were all poorly regulated and this whole cottage industry that arose to, in essence, gamble on the real estate industry brought the global economy [...]
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As you may have heard, chief White House economic advisor Lawrence Summers has announced that he will be resigning at the end of 2010. It is presumably accidental that the papers on the last day of summer report that Larry Summers is leaving the administration. There is an exodus of economic officials from the Obama [...]
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We’ve covered the pirate crisis in the Gulf of Aden numerous times — once in the February 2009 issue of Risk Management and twice more on this blog (The Rising Price of Piracy Insurance and Security at Sea). Though the International Maritime Bureau (IMB) states that sea attacks worldwide fell by more than a third in [...]
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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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