Comments on: An Inside Story of Wall Street Bank Crashes http://theparagraph.com/2008/12/an-inside-story-of-wall-street-bank-crashes/ Terse news, history and science. Thu, 17 May 2012 07:38:55 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: The Paragraph » Blog Archive » Bush II Slowed SEC During Financial Fraud Fury http://theparagraph.com/2008/12/an-inside-story-of-wall-street-bank-crashes/comment-page-1/#comment-25157 The Paragraph » Blog Archive » Bush II Slowed SEC During Financial Fraud Fury Thu, 18 Jun 2009 04:27:42 +0000 http://theparagraph.com/?p=234#comment-25157 [...] 21 ‘An Inside Story of Wall Street Bank Crashes’ – The Paragraph, 2008-12-26 [...] […] 21 ‘An Inside Story of Wall Street Bank Crashes’ – The Paragraph, 2008-12-26 […]

]]> By: The Paragraph » Blog Archive » Rushmore Wind Carried Warnings for Today http://theparagraph.com/2008/12/an-inside-story-of-wall-street-bank-crashes/comment-page-1/#comment-25130 The Paragraph » Blog Archive » Rushmore Wind Carried Warnings for Today Thu, 09 Apr 2009 02:54:42 +0000 http://theparagraph.com/?p=234#comment-25130 [...] 77 ‘An Inside Story of Wall Street Bank Crashes’ – The Paragraph, 2008-12-26 [...] […] 77 ‘An Inside Story of Wall Street Bank Crashes’ – The Paragraph, 2008-12-26 […]

]]> By: InvestorVoice http://theparagraph.com/2008/12/an-inside-story-of-wall-street-bank-crashes/comment-page-1/#comment-25119 InvestorVoice Thu, 05 Mar 2009 11:49:27 +0000 http://theparagraph.com/?p=234#comment-25119 Lewis writes well and covers most of the fault breaks in investment banking. The move from a partnership, where the partners own the losses as well as the profits, to a public company, where the shareholders get part of the profits and all of the losses, is a fundamental cause of the breakdown of the investment banking industry. It allowed management to obtain excessive compensation and encourage excessive risk taking. What Lewis does not give sufficient credibility to is executive hubris. Whether it is Prince, O\'Neale,(Merrill) Fuld (Lehman), Goodwin, (RBS) Ospel, (UBS) or any of the other failed CEO\'s, they all suffered from executive hubris. Read the following: http://www.investorvoice.co.uk/content/view/305/178/ Lewis writes well and covers most of the fault breaks in investment banking. The move from a partnership, where the partners own the losses as well as the profits, to a public company, where the shareholders get part of the profits and all of the losses, is a fundamental cause of the breakdown of the investment banking industry.

It allowed management to obtain excessive compensation and encourage excessive risk taking.

What Lewis does not give sufficient credibility to is executive hubris. Whether it is Prince, O\‘Neale,(Merrill) Fuld (Lehman), Goodwin, (RBS) Ospel, (UBS) or any of the other failed CEO\‘s, they all suffered from executive hubris. Read the following:

http://www.investorvoice.co.uk/content/view/305/178/

]]>