Banks and investors should thrive or die by the quality of their own assessments of credit risk. They have the most incentive to get it right, writes Adam Creighton, a research fellow at The Centre For Independent Studies.
HIH Insurance
Millionaire Factory turns corporate dud club
It takes a lot of talent to better the likes of Rodney Adler, Ray Williams and the other incompetents who gave Australia its biggest ever corporate loss, but this is exactly what Macquarie Bank has done.
