{"id":4132,"date":"2010-01-14T17:01:24","date_gmt":"2010-01-14T22:01:24","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4132"},"modified":"2011-02-17T16:42:06","modified_gmt":"2011-02-17T21:42:06","slug":"wall-street-ceos-splain-the-crisis","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/01\/14\/wall-street-ceos-splain-the-crisis\/","title":{"rendered":"Wall Street CEOs &#8216;splain the crisis"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-4133\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/01\/U.S.-money.jpg\" alt=\"U.S. money\" width=\"83\" height=\"135\" \/>CEOs of four big Wall Street Banks were summoned to Washington to <a title=\"explain\" href=\"http:\/\/www.nytimes.com\/2010\/01\/14\/business\/14panel.html?scp=3&amp;sq=CEOs&amp;st=cse\" target=\"_blank\">explain<\/a> to the new Financial Crisis Inquiry Commission what role their institutions played in the Crash of &#8217;08.\u00a0 At one point, Goldman Sachs&#8217; CEO Lloyd Blankfein\u00a0got blasted for\u00a0likening some of the crisis to a hurricane or similar acts of God.\u00a0 Law Professor <a title=\"Tamar Frankel\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/full-time\/frankel_t.html\" target=\"_blank\">Tamar Frankel<\/a>, an authority on securities law and author of \u201c<em>Trust and Honesty: America\u2019s Business Culture at a Crossroad,<\/em>\u201d says it all about risk.<\/p>\n<p><em>&#8220;Goldman&#8217;s CEO noted that management &#8216;manages&#8217; risk &#8212;\u00a0risk to shareholders, employees, communities, and the country.\u00a0 It&#8217;s time management joined the risk takers and took the risk of its own actions.&#8221;<\/em><\/p>\n<p>Contact Tamar Frankel, 617-353-7737, <a href=\"mailto:tfrankel@bu.edu\">tfrankel@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEOs of four big Wall Street Banks were summoned to Washington to explain to the new Financial Crisis Inquiry Commission what role their institutions played in the Crash of &#8217;08.\u00a0 At one point, Goldman Sachs&#8217; CEO Lloyd Blankfein\u00a0got blasted for\u00a0likening some of the crisis to a hurricane or similar acts of God.\u00a0 Law Professor Tamar [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[113,1236,1246],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4132"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4132"}],"version-history":[{"count":7,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4132\/revisions"}],"predecessor-version":[{"id":8199,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4132\/revisions\/8199"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}