Tag Archives: banking
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
Posted in Finance, Philosophy
Tagged banking, Bion, complex systems, crisis, instability, Moral Hazard, policy
2 Comments
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
Posted in Finance
Tagged banking, Evil, finance, Moral Hazard, morality, Pygmies at the Gate, Too Big To Fail
1 Comment
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
Congruenz 