« Dédicace too big to … »
Have you heard of “too big to fail !”?
Now they say “too big to jail !”
They know they have the whole power
Because they finance the lawyer!
They don’t care about Justice
Nor about the State Police
They have put the money somewhere
But no one can really know where!
They only want to be The Boss
And let the others share the loss
They will be away if the war
Starts at the corner or next door!
They act as the worst parasites
Because they have more than … Read the rest
The tenth lecture in the course, devoted to risk and insurance: financial risk, systemic risk, the insurance business’ first steps, the methodology: Value at Risk, regulation: Solvency II.
Lehman Brothers’ bankruptcy, on September 15, 2008, and its aftermath – more than one trillion dollars being injected into the financial system – have caught people’s attention about financial firms “too big to fail”, i.e. that their bankruptcy is bound to automatically cause the downfall of the entire financial system.
On June 15, the Bank for International Settlements in Basel, that is to say “the central bank of central banks”, announced the measures it … Read the rest