Category: Financial services

Written by billpoorman

The “banks”

The New York Times has a good article on community banks and how they largely stayed away from all of the financial destruction – oh, I mean “innovation” – that brought down the country’s biggest banks. It’s important when we talk about “Wall Street” and “the banks” to know exactly whom and what behaviors we’re […]

Written by billpoorman

Stressing the financial sector

Obviously this economic meltdown of the last couple of years is complex. But if pressed to give a one-sentence answer, I would say this: For almost thirty years the financial sector got whatever it wanted. Certain conditions had to be place to make this possible: the widely held idea that markets and business people can […]