One of the great misapprehensions underlying almost all financial mishaps goes something like this, “The experts are in charge. They’re professionals, right?” This article examines the foundations of the credit crisis, but in doing so, it asks a bigger question: Who is looking after your money? And should they be?
Published: April 27, 2008
How did all of the mechanisms operated by the mind-bogglingly well-paid men and women of the Street go so wrong?