Tetsuya Ishikawa worked for Goldman Sachs until 2007 when he joined Morgan Stanley. Ishikawa’s name appears on the preliminary term sheet for the Abacus 2007-AC1 deal, a collateralized debt obligation (CDO) the US Securities and Exchange Commission accuses Goldman Sachs of using to commit fraud. I found this quote from Ishikawa’s book intriguing:
Well aware of the orgy of scape-goating that the world had embarked upon, I didn’t want to blame anyone, let alone run the risk of over-burdening some and under-burdening others with responsibility for the crunch. After all, I’m not one to say who’s guilty or not, and ultimately it doesn’t help us to move on anyway. (2009, pp. 2-3)Follow the link below to learn more.
How I Caused the Credit Crunch
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