http://blog.emptyhead.in/2008/10/19/uncomfortable-questions-for-a-recession/ An empty head is where the Devil is. Fri, 10 Sep 2010 10:52:25 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://blog.emptyhead.in/2008/10/19/uncomfortable-questions-for-a-recession/comment-page-1/#comment-1232 sridhar Mon, 03 Nov 2008 14:00:23 +0000 http://blog.emptyhead.in/2008/10/19/uncomfortable-questions-for-a-recession/#comment-1232 Recession is the buzzword today.I bumped on a website "seechangeworld.com". They talk something new , "RECESSIONOMICS". They have come out with a novel product online - "Recession Proofing your Business" .Please visit http://seechangeworld.in/Recession_Proof.html Recession is the buzzword today.I bumped on a website “seechangeworld.com”. They talk something new , “RECESSIONOMICS”. They have come out with a novel product online - “Recession Proofing your Business” .Please visit http://seechangeworld.in/Recession_Proof.html

]]> http://blog.emptyhead.in/2008/10/19/uncomfortable-questions-for-a-recession/comment-page-1/#comment-1118 sanjay mehra Wed, 22 Oct 2008 04:23:54 +0000 http://blog.emptyhead.in/2008/10/19/uncomfortable-questions-for-a-recession/#comment-1118 There is no way to make bankers who are ultimately people to behave responsibly if they dont wish to. That is why there is legal regulation, which defines the extent of risk and avenues that banks and financial companies who use other people's money can invest in. This is more of a failure of the model of regulation in the USA. The regulatory authorities could not figure out the complex manners in which these bankers were bundling their loan portfolios and selling to other banks and agencies. The real lesson here maybe a complete overhaul of the regulatory agencies and the technology that they use to regulate a huge huge market. Technology hopefully will come to their rescue, as the size of the debt markets make it impossible to regulate manually. There is no way to make bankers who are ultimately people to behave responsibly if they dont wish to. That is why there is legal regulation, which defines the extent of risk and avenues that banks and financial companies who use other people’s money can invest in. This is more of a failure of the model of regulation in the USA. The regulatory authorities could not figure out the complex manners in which these bankers were bundling their loan portfolios and selling to other banks and agencies.
The real lesson here maybe a complete overhaul of the regulatory agencies and the technology that they use to regulate a huge huge market. Technology hopefully will come to their rescue, as the size of the debt markets make it impossible to regulate manually.

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