Oct 1, 2010

Never mind what went wrong in the financial crisis, what went right?  by Damian Handzy

A lot has been written about all the things that have gone wrong leading up to and during the financial crisis, and for good reason. After all, a lot did go wrong, and we are still reeling from it. Over the same period, though, many things – largely unnoticed – went right. Let’s remember that not everyone who considered Madoff actually invested with him, not every bank or mortgage broker made undocumented loans, and not every fund lost terrible sums of money. It’s worth taking a look at what these people and institutions did to prevent catastrophic loss, especially because their tactics turn out to be both practical and widely applicable.

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