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Where has the money gone?


Comments / {{hitsCtrl.values.hits}} Views / Friday, 13 September 2013 03:32

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It is not the first time a financial institution has got into trouble. It is certainly time for some ‘soul searching’ on who and what triggers such collapses. nThe financial institution – for irresponsible lending?
  • The borrowers – for not paying up?
  • The laws – for lenient and lengthy process to punish offenders?
  • The depositors – for chasing ‘greedy’ returns and/or financial illiteracy?
  • The regulators – for not taking preventive action?
  • The auditors – for not blowing the whistle loud enough?
  • The media – for the lack of financial-investigative journalism?
  • Time for a holistic approach, to ensure the ‘health’ of the financial services industry.

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