The 119-page government complaint alleges that S&P repeatedly “adjusted and delayed” improvements to its analytical models and “knowingly disregarded the true extent of the credit risks” associated with the CDO investments it rated.
The Messy (and Risky) Ways That Governments Try to Manage Risks
We are at serious risk because of the subjective nature of the way all these factors shape the risk management policy making we depend on to protect us. But in a democracy there is no way around this mess, because of the very subjective nature of ‘risk’ itself.
The Utter Fragility Of The Eurozone: Even Democracy Is A Threat
They all document with their own words just how fragile the Eurozone has become. Every little thing can break it apart. Democracy itself, instead of being a fundamental strength, is seen as a threat: if the “wrong” party or an anti-establishment populist or an anti-austerity billionaire gains the most votes in one country, the entire 17-nation construct might break apart.
Great Leaders Know When to Forgive
Forgiveness can be costly, like the massive amounts of debt forgiveness toward countries like Greece to help create a stable foundation for restoring growth to Europe. Forgiveness can sometimes mean investing in groups that have done something negative — a counterintuitive but often very effective strategy.
Trading Is Very Simple
David Kyte :
Trading is very simple; either you make money or you don’t make money. I wasn’t depending on anyone else. When you work for someone else, if you make money somebody gives you a bonus and if you lose money, somebody else pays your salary. When I was working for myself, it was the ultimate meritocracy, I was worth exactly what I made, no more, no less.
