This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
A woman with an umbrella passes a Deutsche Bank branch in Frankfurt am Main, on January 29, 2013. The Chinese investment in the German bank hasn't helped and a merger with a U.S. bank could be a better solution. Thomas Lohnes/Getty Images
Watching the related financial dramas of China’s HNA Group and Germany’s Deutsche Bank AG, we are reminded that purposeful design and order imposed from above by experts and regulators is largely an illusion. The world is filled with ill-considered strategies, especially at the intersection of public policy and corporate governance.
Christopher Whalen is the chairman of Whalen Global Advisors and the author of "Ford Men." This article was first published by the Institutional Risk Analyst.
