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From Bloomberg: Bear Stearns Risk Manager to Guard New Henhouse

I'm sorry.... what? I don't know much about him except that he was in charge of risk management for a company that went belly up due to bad risk management!

This line from the opinion piece is along the lines I often cynically joke.

Losing a big wad of money is something of a badge of honor on Wall Street, a sign of being a “player.”
 
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