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StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826

Strategy Driven

This combination of high yield and seemingly low risk sparked a credit boom. “The judge the lawyer the doctor the clergy the widow the trustee of orphans all fell into the common vortex of investing in these bonds,” Life and Fire Insurance Company director Jacob Barker wrote in a letter in 1827.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Lots of people blamed Greenspan for some or all of this, and the man himself famously allowed, in a Congressional hearing in October 2008, that he had “found a flaw” in his model of how the world works. This is the reason why everybody missed September the 15th, 2008. We do the research here.” I mean, I was really put down.