Sharing is Caring

Crisis management     [Nehemiah 4:7-14]   I remember reading a column by Mr. Cheol Lee for the Korea Daily in America about the US economy.   He saw these cases of investment banks collapsing due to poor investments.   It is said that the cause of the problem is that the lump of investment banks has grown, fearlessly raised funds directly and even touched real estate investments, and then the subprime mortgage (non-prime mortgage loan) crisis occurred.   High returns always come with high risks, and even though executives knew this, they said they couldn't resist the temptation because the incoming profits were so great.   Then, one of his words came to mind: ‘Capitalism is driven by the pursuit of individual interests.   However, if you try to maximize profits, the risk management system does not work because you are blinded by greed’ (Lee).   I think there is a point in saying that the risk management system will not work if we a...