by French Caldwell | October 28, 2008 | 1 Comment
With the global financial crisis, one might be tempted to let slide some of the focus on sustainability and corporate social responsibility. Yet, as we’ve seen from recent scares like tainted baby formula and lead paint in toys, the need for a close look at the integrity and reliability of supply chains is higher than [...]
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by French Caldwell | October 23, 2008 | Comments Off
Today, Alan Greenspan was the first major figure to admit at least some culpability for this crisis. At least one man in this mess has some honor. In his testimony before Congress today, Alan Greenspan said: “I made a mistake in presuming that the self-interest of organizations, specifically banks and others, was such that they [...]
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by French Caldwell | October 20, 2008 | 2 Comments
In Maryland we have a lemon law — if you buy a new car and it turns out to have lots of defects then the dealer has to take it back. Should the same apply to banks? A federal judge will make that determination. In September, Barclays bought Lehman Brothers investment banking and trading business [...]
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by French Caldwell | October 13, 2008 | 3 Comments
When trillions of dollars of assets suddenly disappear off the face of the planet, you can bet there’s going to be some finger-pointing. Republicans blame Democrats, Democrats blame Republicans, Congress blames the President, Europeans blame Americans, auditors blame accountants, risk managers blame business executives, and on and on and on … Alan Greenspan blames Ben [...]
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