Category Archives: Finance

Crisis Interminable

A crisis is usually thought of as acute and punctuated. In the usual sense, a crisis is an event and an event is discrete. But what of an extended crisis, one without enough acuteness to merit the more common uses … Continue reading

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The Strain of Being Evil

On my wall hangs a Japanese carving The mask of an evil demon, smeared with opulent gold In sympathy I see — Bulging veins on the forehead, expressing the strain it is to be evil. -Bertolt Brecht Sympathy strains to … Continue reading

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Bank Holding Companies

The major Bank Holding Companies (BHCs) were at the heart of the credit crisis of 2008, and they are involved in a long, drawn out workout process that will probably continue for a number of years. For some of these … Continue reading

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