Moody’s is a little confused about how easy/hard it is to manage risk

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From an e-mail I got a few minutes ago from the Moody’s Training Services Group:

Learn how to stay on top of risk from one of the world’s most qualified sources

Understand, Measure, Manage ….

From “Archaeology of the Crisis,” the angst-ridden January 2008 report by Moody’s chief international economist Pierre Cailleteau and a few others:

The problem in the case of extreme complexity of inter-connecting financial systems is that it is hard to see how the level of information could reach levels adequate to enable reasonable risk management standards.