Last legs?

摘要

Unfortunately, each time I have written this column in the past 14 months or so - dating back to August 2007 - the credit crisis has been the No. 1 topic that comes to mind. Each month, like many of you, I hope it will go away. Fortunately, other technology, regulation and compliance developments have emerged so that I haven't been forced to write each month about why the credit crisis happened, who is to blame, how it could have been prevented and so on. But here we are in October 2008, and the aftershocks of the subprime mortgage debacle, credit crisis, real estate market collapse and bank defaults continue to shake the industry.