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:

UPCOMING MOODY’S TRAINING SEMINARS
Learn how to stay on top of risk from one of the world’s most qualified sources

RISK
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.

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