Originally Posted by
Bidule
Just to add to other replies already posted.
If your statement would be correct, there would be a very low number of loans! By the way, should it be correct, how do you explain September 2008 finance crisis and all these large, well managed US banks going burst?
So you want me to explain the financial crisis?? While I would not call myself an expert it so happens I have studied the subject some...however I'm not sure pages of posts on that subject would work out well here....
I will say this, there were major lapses in regulation, policy, and corporate governance that all contributed to the meltdown. In my opinion, many of fundamental problems remain, especially in the area of corporate governance. Making decisions based on short term bonuses often at the expense of long-term performance remains huge problem in my opinion. In fact, this could even apply to the conversation about the ME3 as some of the recent reports make one wonder.... several of the threads about EK back this up.