Archive for the ‘Polticial Decisions Affecting Banking’ Category
Saturday, June 14th, 2008
I spend most of my time in this blog raging against the storm of deceit and cynicism that brought us to what might be laughingly called the North American Financial System. But July 4th is a’comin, and it’s time to acknowledge that we live in the fairest, most egalitarian, financial ...
Posted in The Banking Crisis, Markets Matter, Polticial Decisions Affecting Banking | No Comments »
Monday, June 2nd, 2008
Ronald Regan was the last President that realized how often the gut instinct of the average voter and the expertise of the educated few who openly share their reasoned beliefs spring from the same well. It gave him clarity and decisiveness we haven’t seen since. He had the rare courage ...
Posted in Games Bankers Play, The Banking Crisis, Polticial Decisions Affecting Banking | 1 Comment »
Saturday, May 31st, 2008
Most citizens, we are told, take a cynical view of both Wall Street and Washington. It has given life to the candidacy of Barak Obama, perhaps. Do people of experience with The Street trust Washington to fix the problem? I don’t. I’ll tell you why. We are addressing problems we ...
Posted in Rating Agencies, The Banking Crisis, Bank Management, Polticial Decisions Affecting Banking | No Comments »
Saturday, May 17th, 2008
One of the more self-destructive and fruitless results of the Credit Crisis is the relentless search for scapegoats. This is silly enough when applied to people. (See my earlier blog, “We’ve Found the 12 People that Caused the Crisis! Now We Can Stop Worrying.”) Of course many, many more than ...
Posted in Rating Agencies, Computers Run Amok, The Banking Crisis, Polticial Decisions Affecting Banking | No Comments »