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They made huge losing bets with our retirement funds while conspiring to hide risk and falsify asset values.
Mr. Obama said the small-business credit squeeze was linked to the overall credit crisis, which, he said, "began when some banks bundled and sold mortgages in complex ways to hide risk and avoid responsibility".
In indignant tones, he talked to me about the sophisticated off-balance-sheet vehicles the banks used to hide risk and game the system, and the "mortgage-backed securities they were shoving out the door".
The military isn't incentivized to hide risk.
Shareholders count on executives to prepare for unanticipated risk, and yet bankers were paid to hide risk in ticking time bombs called "collateralized debt obligations," "structured investment vehicles" and the like.
Because risk-adjusted standards are complex, they can be manipulated by bankers looking to hide risk in apparently safe harbors.
Similar(46)
At JPMorgan Chase, the risk models hid — and were used to hide — risks from the traders and top executives.
But past failures to make sure that banks could not hide risks using various tricks in opaque markets is hardly reason to give up on essential new regulations.
For instance, investors could hide their assets abroad or insiders could hide risks until they unload their stock, but those kinds of problems already exist at the corporate and individual level.
On the contrary, sharing information within personal stories may also hide risks, especially when acting as a deterrent for patients from visiting health professionals or the public may not know how to correctly apply online information about their personal health situation.
Unfortunately, your optimism may also hide risks to your finances.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com