Incentive to take risk and i have a chapter on the book on organizational structure and how to that can shape risk taking. Id like to go to the other side of the equation. Theres a section in the book, and i would imply this to the regulators as well and everybody and Board Members the power of simple questions. In other words, there are certain simple questions you, when you ask them and pursue the answers you learn something. In the late 2000s fannie mae took a large hit for an ordinary company not large for them because they were such a big company on manufacturing housing loan. In 2003, the chief Credit Office at fannie mae wrote a report saying one of the lessons is you cant trust the aaa rating because we bought aaa pieces on the mobile home loans and they createred on us. Craters on us. Again, if somebody starts to ask questions and say why arent you doing Due Diligence on what youre buying regardless of whether it has a rating and remember underneath the rating in terms of the
Teen bicyclist killed in crash in Buena Vista identified
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His presence brought joy : Buena Vista schools mourn student killed while riding bike
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