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. ###








