by Jim Riggs and Tom Nelms article The business world is now facing a new reality: We are increasingly at a point where we cannot trust a CEO to manage our money and assets.
This reality has already begun to reshape the world of finance and the business world, but it is far from the end of the world.
A new book by journalist and investor Jim Riggans reveals the dangers facing the world’s financial institutions.
The book, The Big Short: The Inside Story of the Collapse of the World’s Finest, tells the tale of how a hedge fund, an insurance company, and an investment bank were all caught in the web of financial crises that swept through the world in the aftermath of the 2008 financial crisis.
In the end, the fund’s investment firm, Blackstone, lost nearly $500 million when it went under.
Blackstone’s chief executive, Robert Mercer, was caught in a scandal in which his daughter was found in a luxury hotel room with more than $1 million in cash, and a former Blackstone executive was arrested for trying to smuggle $100,000 in cash into the country.
The fund’s investors, which include private equity firms, were caught in similar scandals, and in both cases the fund lost significant amounts of money.
Blackwater founder Erik Prince, who was once described by President Donald Trump as a “world class warrior,” is now being investigated by the Department of Justice for his role in the deaths of more than 300 people in Iraq.
Meanwhile, the insurance giant American International Group was hit by a series of scandals that included an executive whose company lost nearly half its value and a major competitor that went under after losing more than half its stock.
The collapse of the insurance industry, which is expected to be the largest source of the global economic downturn, is likely to continue.
In fact, the loss of a billion dollars to a fund in which the CEO had previously invested has put the financial world on edge.
What is going on?
There is a growing consensus that the financial crisis has brought on a new era of uncertainty, in which no one can trust a financial institution to act in the best interests of the company.
Riggens book describes a world where a few large institutions, like Goldman Sachs and Morgan Stanley, can now do business with a handful of smaller, more fragile, and less profitable firms, making them less able to withstand financial crises and risk the collapse of their businesses.
These institutions are no longer able to invest in companies that they see as being in the public interest, like they did when they bought into American Express in 2005, when it was facing the collapse that would ultimately destroy the financial services industry.
These companies are no more able to compete with large international financial institutions like Barclays, which has become the biggest bank in the world and which is facing a wave of insolvency.
Riggs also describes a new environment in which some of the largest banks are now able to pay very little to protect the country from financial crises.
When the government and regulators have failed, Wall Street and the financial sector have been the winners.
Riggers argues that the failure of the financial system in the last decade has had a number of predictable and significant consequences.
The financial sector has been able to escape accountability for its failures and for its role in facilitating the crisis.
Rigs financial institutions have become so large and powerful that they now own more than 50 percent of the country’s debt, and are able to dictate to regulators what happens with their own money and the country they control.
The American public has become more disconnected from its financial system and its politics, and this has created a vacuum that banks and other financial institutions are now exploiting.
Roggans book lays out a litany of the reasons why the financial industry has taken over.
It is not simply the fact that Wall Street is no longer a reliable source of information.
The way Wall Street works now is to create a virtual reality in which you can trust the financial institutions that you pay to do business in your country.
That means that you are in control of what they do with your money.
And that is a dangerous thing for governments to allow to happen, because it makes it possible for these financial institutions to do what they want.
The fact that we have an online system that can tell us exactly what financial institutions want us to believe and that we can choose not to buy that information makes the system more and more dangerous, Rigges book argues.
The lack of transparency that comes from this kind of arrangement is a threat to the public, and it’s not only the public that is vulnerable to financial crises, but to the very public institutions themselves.
When you trust these institutions, they are not just a source of trust.
They are a way of life for millions of people around the world who cannot trust their governments.
Riggleys book exposes a troubling pattern of behavior that runs through the financial systems and it is now at the heart of the crisis: the greed of Wall Street for power,