The simple truth that, if one tries to satisfy everyone he/she will not only fail to satisfy anyone but also end up achieving nothing, was always in my mind. Thinking that extending the front lines would not help to achieve the victory, I believe I began my tenure by clarifying a clear but simple goal.
Erosion of confidence in the values of securitized products became increasingly evident as time went by. As confidence eroded, investors became extremely cautious and reduced transactions. 2 This led to a further price decline of securitized products and contributed to further erosion of confidence.