Question:
Did Goldman Sachs survive the 2008 financial crisis because it had better risk management than the other Wall Street banks which were killed?
Risk management:
Risk management refers to the act of identifying potential risks before they occur, analyzing their impact, and taking precautionary actions before they occur. These risks stem due to various reasons; these include financial instability, legal issues, natural calamities, and accidents, among others. The 2008 global financial crisis was a big economic downturn that led to asset bubbles in the housing market.
Answer and Explanation:1
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Yes, Goldman Sachs survived the crisis by converting themselves into lower risk and tightly regulated commercial banks. They never owned the bonds,...
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