Wednesday, May 20, 2009

James Surowiecki on the boom and on banks

James Surowiecki (yes he of Wisdom of Crowds Fame) wrote recently in the New Yorker on why regulators and politicians must realize that the small banks of the post war era (think George Bailey) will not be coming back.Monsters, Inc.: Financial Page: The New Yorker: "The desire to bring back the boring, small banking industry of the nineteen-fifties is understandable. Unfortunately, the only way

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