[No. 17] And Now It Was the DNB's President Turn - Hindsight Bias, Anyone?

I believe Nout Wellink's answers and explanations were pretty solid actually, despite all the criticism against DNB's supervision activities in the past days. Go here and here for earlier posts at TDT about the Committee De Wit, that is diving into the questions how the credit crunch could happen and how a new one can be prevented (well, more or less). Snippets of the "Wellink session" are available directly below.