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Corporate manager have been touting their enterprise risk management (ERM) systems for years, but behind the scenes, many risk managers have been echoing the late Rodney Dangerfield, complaining that they “can’t get no respect.” Now some, like David Andrukonis, the former chief risk officer at troubled Freddie Mac who reportedly warned senior management about risky loans as early as 2004 only to be ignored, are getting to say “I told you so.” They may even get some respect.

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