Nightmare Come True on Wall Street
On January 31, 2008 I wrote about the sub-prime mess predicting the formation of the IPA, the investor protection agency (IPA sounded more interesting than CPA, though I believed consumer protection would be in its charter). I feared that a significant number of powerful CEOs intolerant of their own risk-management professionals would bring regulation upon [...]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?

Wednesday, August 5, 2009
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