As the music group The Talking Heads famous song says “Same as it ever was ….. " One of the main cogs of the 2008 financial crisis was the exotic...
This is a great insight on the post financial crisis aftermath. After everyone blamed the ones that fixed the problem and offered advice to provide counter measures to prevent the issue from reoccurring, we find out that many involved did not bear their responsibility as promised. It seems this was something that was discussed to the former fed chairperson during and after the crisis otherwise he wouldn’t have communicated this issue. This is not the end of this post-financial crisis blame game, but it truly seems that most of the responsibility is already placed on several individuals. The individuals with direct responsibility will never have the light of transparency shine on their role in the crisis. A true shame of our time.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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