The irony of the financial crises

The irony of the financial crises lies in the fact that central banks like US Federal Reserve, European Central Bank, Bank of Japan and Bank of England have an army of risk management teams, experts and financial geniuses at every level and floor and yet they fall into the trap of the market over and over again. They never learnt from history and they let it repeat itself.

  1. Is their failure the result of their miscalculations and wrong assumptions?
  2. Is their failure the result of the selfish greed which blinded them first then blinded all other financial institutions to see the real risks?
  3. Is their failure the result of sinking some boats (financial institutions and banks) and saving others?
  4. Is their failure the result of mismanaging the financial crises which they created?

Which one looks more relevant or all of them?

2 thoughts on “The irony of the financial crises

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