Assessing credit risk on the sales side and managing the accounts receivable asset on the cash side combine to form one of the most important functions of business. With information gathered from the top companies and credit practitioners, CreditPulse will provide indepth coverage, analysis and perspective on key topics, methods and trends in credit and collections management. Success in credit and collections is less about trickery and more about the fundamentals of risk assessment, diplomacy, discipline and good judgment. Proposed Legislation Undermines Credit Risk, Threatens Capitalism
Nov. 24, 2009
Massive government bailouts of failed firms such as Citigroup and General Motors have already served to undermine the concept of effective credit risk management, one of the fundamental pillars of capitalism. Now, some in Washington and Wall Street want to go even further.
Two weeks ago, Senator Christopher Dodd, the chairman of the Senate Banking Committee and long-time influential Democratic senator from the state of Connecticut, circulated a 1,100 page bill that would grant more power to the Federal Reserve and FDIC to bail out more companies.
