The Banks' Risk Control Systems Have Been Rotten

Thanks to Columbia Business School professor Charles Beim for exposing the lousy risk control systems of the major money center banks, and the mediocre oversight of the Federal Reserve Bank of New York before and after the 2008 financial crisis that triggered a painful recession for the American economy. Beim's  "confidential " report  was never published because of its embarrassing subject matter, but got made public by the Financial Commission that was formed to investigate it's causes and t...