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主题: Greenspan's role in the subprime mess - Barrons
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作者 Greenspan's role in the subprime mess - Barrons   
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文章标题: Greenspan's role in the subprime mess - Barrons (1603 reads)      时间: 2007-3-19 周一, 00:17   

作者:Theme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海归商务 发贴, 来自【海归网】 http://www.haiguinet.com









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