Talking about strategy » toxic loans http://kimwarren.com with Kim Warren Tue, 07 Feb 2012 10:00:48 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 The banking crisis – again http://kimwarren.com/strategy/the-banking-crisis-again/ http://kimwarren.com/strategy/the-banking-crisis-again/#comments Wed, 17 Sep 2008 12:59:01 +0000 Kim Warren http://www.kimwarren.com/?p=195 [...]]]> I’ve gone on about this before, but it’s gone way, way worse since I last brought it up, so let’s not forget that this whole mess started with gross strategic incompetence on the part of a few dozen CEOs of ordinary banks over-selling high-cost mortgages to more-and-more people who, more-and-more, couldn’t afford it – and egged on by equally incompetent analysts lauding those same CEOs for their foolishness – and then compounded by further incompetence when those toxic loans were packaged and sold on to top-top banks who should have known far better.

Boy do we need some professional standards of strategic management amongst CXOs !

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