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Eric Krell GOVERNANCE, RISK & COMPLIANCE: GRC expert Eric Krell supplies the Business Finance community...more

Risk Management, Redefined … and Other Globaloney

Real quick item: Here’s a very clever WSJ article on new words hatched by the financial crisis.


For example, risk management: “n. Until recently, the process by which banks make giant bets with other people’s money before persuading someone else to take the fall. Currently known as ‘federal supervision.’”


And here’s a welcome addition — “financial globaloney” — to this new dictionary. ###

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