kaal:claim:2097160-023

Existing default risk signals were inadequate: CAMEL ratings and credit default swap pricing did not suffice to signal default risk at Lehman Brothers, Bear Stearns, or Merrill Lynch.

Source quote, verbatim
CAMEL ratings and credit default swap pricing did not suffice to signal default risk in the cases of Lehman Brothers, Bear Stearns, and Merrill Lynch.
From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), V.B.2 The Benefits of Early Triggers, footnote 182, p. 44
https://ssrn.com/abstract=2097160 · source PDF

Cite as

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

Holds when
Classification

failuresupport: assertedfailure: Existing default risk signals failed in the crisisfamily: measurement-and-metric-failurerisk-and-incentives

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 1e1f8aa246bce19f4658dbceb455c7c2a272aa5d63a9e9bdaa46a3a5a87680fc. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/d9cc69ff98b92a05...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2097160-023.md | sha256sum