Fukushima and Financial Industry
From macrobusiness.com au;a great place in the macro blogging space to visit regularly comes the following interesting comment.
The nuclear industry will probably learn its lesson from Fukushima. But how many catastrophes does it take for financial regulators to wake up.
The Wall Street Journal has been running an excellent series of stories this week about the astounding lack of disaster preparedness at Tokyo Electric’s Fukushima nuclear plant. Among the revelations from this and other recent media reports: