…Calmly observing the changing world

When we are children, we conceive of banks as places to safely deposit money. If, by chance, you grew up watching It’s A Wonderful Life every Christmas, you probably have the idea that money deposited in banks is loaned out into your community: If modern banking truly worked this way, you would understand that when [...]

Sometimes our modern age can feel so anchorless  that we long for something real to rid ourselves of the detached feeling. Often, the more our jobs deal with the abstract, the more we crave the concrete in our private lives. Neel Kashkari ran the infamous TARP program in Washington, DC. He didn’t ask for the [...]

We’ve been watching Greece teeter on the brink for what now seems like an eternity. In another trend, we’ve been watching Fitch attempt to get tough with its ratings, in an effort to brand itself as the good rating agency. Both trends continued today, as Fitch downgraded Greece’s debt rating to BBB+. The Hellenic Republic [...]