Been Way Too Long-Sorry for my absence. First the economy and my work took off northward, then the economy in Japan started south-You could say that the bad loan crisis in Japan helped pave the way for more stable (read risk averse) financial institutions. You could say that, and lots of folks do.
But two years ago everybody and their dog was secretly laughing at Japanese banks for "not getting it" during those heady days of multi-tranche, multi-split collateralized debt obligations.
I am pretty sure that there needed to be less greedy, but still profit driven, approach to the capital markets. Who are the survivors (winners?)
I have been twitting recently-follow me!
http://twitter.com/timothyconnor
Tuesday, May 19, 2009
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