10楼 . go to read bloomberg website, Citi ex-CEO and Ex- Chief RIsk Control Officer was attending a hearing this week, they claimed they didn't know the CDO pool they purchased which caused the company bailout was so risky, they think they were very safe, they laid the blame to the failure of the risk statistical model they built
http://www.bloomberg.com/apps/ne ... Labu4NReI&pos=1
Just read the news from bloomberg. Citi was using some creative accounting method to off those risky bet from the financial balance sheet , and these risky bet caused 21 billion lost. One side , these bankers teach you textbook risk control technique, come to practise, it is another story. Ironically, these bankers can walk away from the trouble they created with multi million USD salary every year