Tagged: banks

Where the Money Is

Take a walk around your city’s downtown. Look at the skyline. Note the names on the tallest buildings. See who has the wealth.  In Los Angeles, almost all the skyscrapers bear the names of corporations that handle money: banks, accounting firms, insurance companies. This seems right. These organizations, one reckons, ought to have lots of...

Taking Responsibility for the Mortgage Mess

From trustworthy publications like the august New Yorker to the journalistically sound Los Angeles Times, and from just about every other mouthpiece on the respectability spectrum, we’re learning that the Big Mess in our economy is largely the fault of Wall Street fat cats who helped bundle terrible housing loans into decent-looking packages that are...