http://www.onesherpa.com/our-business/faqs/its-time-to-hold-the-debt-peddlers-to-account Future Confident. Mon, 08 Mar 2010 06:00:33 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.onesherpa.com/our-business/faqs/its-time-to-hold-the-debt-peddlers-to-account/comment-page-1#comment-14 Doug McClelland Thu, 09 Oct 2008 08:33:05 +0000 http://www.onesherpa.com/?p=561#comment-14 Are the villains the financiers who designed the products? Or are they the so called investment advisers who sold creative products to unspophisticated investors worldwide? Or are they the US Supreme Court who ruled that you couldn't decline a loan on the basis that someone couldn't afford to repay? Or do we blame the 9/11 terrorists who prompted a truly massive injection of liquidity into world markets that found a home in speculative real estate development? Perhaps the real villains are the Ratings agencies who used mathematical models to rate financial instruments they couldn't understand? Or do we blame the various government regulatory bodies who failed to see the symptoms and take the necessary steps? Or should we blame the politicians for populist tax cuts / incentives that fuelled asset bubbles in real estate and shares? Do we blame the financially sophisticated advisers who should have been sounding alarms - but didn't? <br>The real villain is human nature for wanting that extra investment return that was just a wee bit more than the average, or a home that the they thought was beyond their dreams? Perhaps we all need to look in the mirror!! Are the villains the financiers who designed the products? Or are they the so called investment advisers who sold creative products to unspophisticated investors worldwide? Or are they the US Supreme Court who ruled that you couldn't decline a loan on the basis that someone couldn't afford to repay? Or do we blame the 9/11 terrorists who prompted a truly massive injection of liquidity into world markets that found a home in speculative real estate development? Perhaps the real villains are the Ratings agencies who used mathematical models to rate financial instruments they couldn't understand? Or do we blame the various government regulatory bodies who failed to see the symptoms and take the necessary steps? Or should we blame the politicians for populist tax cuts / incentives that fuelled asset bubbles in real estate and shares? Do we blame the financially sophisticated advisers who should have been sounding alarms – but didn't?
The real villain is human nature for wanting that extra investment return that was just a wee bit more than the average, or a home that the they thought was beyond their dreams? Perhaps we all need to look in the mirror!!

]]> http://www.onesherpa.com/our-business/faqs/its-time-to-hold-the-debt-peddlers-to-account/comment-page-1#comment-102 Doug McClelland Thu, 09 Oct 2008 08:33:05 +0000 http://www.onesherpa.com/?p=561#comment-102 Are the villains the financiers who designed the products? Or are they the so called investment advisers who sold creative products to unspophisticated investors worldwide? Or are they the US Supreme Court who ruled that you couldn't decline a loan on the basis that someone couldn't afford to repay? Or do we blame the 9/11 terrorists who prompted a truly massive injection of liquidity into world markets that found a home in speculative real estate development? Perhaps the real villains are the Ratings agencies who used mathematical models to rate financial instruments they couldn't understand? Or do we blame the various government regulatory bodies who failed to see the symptoms and take the necessary steps? Or should we blame the politicians for populist tax cuts / incentives that fuelled asset bubbles in real estate and shares? Do we blame the financially sophisticated advisers who should have been sounding alarms - but didn't? <br>The real villain is human nature for wanting that extra investment return that was just a wee bit more than the average, or a home that the they thought was beyond their dreams? Perhaps we all need to look in the mirror!! Are the villains the financiers who designed the products? Or are they the so called investment advisers who sold creative products to unspophisticated investors worldwide? Or are they the US Supreme Court who ruled that you couldn't decline a loan on the basis that someone couldn't afford to repay? Or do we blame the 9/11 terrorists who prompted a truly massive injection of liquidity into world markets that found a home in speculative real estate development? Perhaps the real villains are the Ratings agencies who used mathematical models to rate financial instruments they couldn't understand? Or do we blame the various government regulatory bodies who failed to see the symptoms and take the necessary steps? Or should we blame the politicians for populist tax cuts / incentives that fuelled asset bubbles in real estate and shares? Do we blame the financially sophisticated advisers who should have been sounding alarms – but didn't?
The real villain is human nature for wanting that extra investment return that was just a wee bit more than the average, or a home that the they thought was beyond their dreams? Perhaps we all need to look in the mirror!!

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