I may be speaking out of turn here, but this is definitely something to ponder.
It would appear from recent events that responsible risk management seems to be a difficult subject for banks to master.
As for the giant oil spill in the Gulf of Mexico. A disaster such as this could theoretically never happen.
Who exactly is in charge of this risk assessment process? I only ask this question because whoever is in charge. These people need to be fired...(or at least demoted)
The dreaded truth is that only a small minority are really that interested in politics. The rest think it is kind of cool to pass on this subject and talk about something else.
The bottom line is that these people who choose to be ignorant about politics are only slightly more evolved than sheep. The world is the way it is because of politicians and the sad fact is that we elected them there.
We only have ourselves to blame for the way things are turning out.
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