Tuesday, September 01, 2009

Two Thoughts

...on firsthand experience with the nexus of the financial and housing crises:

  1. Truly astonishing is the capacity of big banks to create huge bureaucratic messes with relatively small sums.
  2. It is hardest to go toe-to-toe with a bureaucracy where the left hand doesn't know what the right hand is doing ... and the institution has many more hands and far less grace than a Hindu deity.

No comments: