Near the Abyss
When I was a kid, I read an article that said if you were in a rowboat in the middle of the Niagara River less than one-quarter mile above the falls, it was too late. You couldn’t row hard enough to get
Tag: financial
How Bad Service and Abuse of Other Peoples’ Money Deepened the Financial Crisis
This morning as I was driving to a meeting I heard a radio talk show host lament about the general lack of service in most companies these days. More precisely, there seems to be a lack of desire to serve. The most
Financial Panic and Short Selling
There is plenty of blame to go around for the financial panic that is occurring on Wall Street. It is worth understanding because financial panics can have severe economic consequences for all Americans. There are a number of generalized causes for what
A Necessary Housing Rescue
It is commendable that senior government officials candidly acknowledged the major role of flawed government policies in spawning today’s housing crisis. Treasury Secretary Paulson didn’t try to shift all of the blame elsewhere. Instead, he said with respect to the government rescue