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Greenspan's role in the subprime mess - Barrons |
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Theme

头衔: 海归少校
加入时间: 2004/05/03 文章: 214
海归分: 28969
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作者:Theme 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Back in 2005, the former Thai central bank governor was fined $4.6 billion for his role in the financial crisis resulting from the crash of the baht. Rerngchai Marakanond was found by a civil court to be guilty of "grave negligence" in squandering Thailand's currency reserves in a futile attempt to prop up the baht.
The 1997 Asian currency crisis also led to the arrest of Korea's central bank governor at the time, Kang Kyong Shik, for "gross economic negligence." He was imprisoned for three months in 1998, while awaiting trial. Prosecutors made Kang appear in court in prison garb, handcuffed and in ropes, adding to his humiliation.
As Dresdner Kleinwort's global strategist Albert Edwards, once wrote, if central bank chiefs are to be held accountable for negligence, should Greenspan be worried?
Barrons Online
https://online.barrons.com/article/SB117408668410640040.html?mod=9_0031_b_this_weeks_magazine_columns
作者:Theme 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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Greenspan's role in the subprime mess - Barrons -- Theme - (959 Byte) 2007-3-19 周一, 00:17 (1603 reads) |
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