The Jackdaw Journal
A Publication of M2 Communications

jack-daw [JAK-dah], n. 1. a glossy, black, European bird, corvus monedula, of the crow family, that nests in towers, ruins, etc.; has a proclivity to collect bright objects that attract its attention; can include bits of ice, things round or square, twigs, filaments of light bulbs; specialist on the lookout of what fits the construction of its nest.

jackdaw journal [JAK-dah JERN-al], n. 1. a repository of bright objects — wit, wisdom and whimsey — collected and/or created by Michael McKinney.   2. a web log or blog





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March 2009 Archives
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Failure of Self-Interest?

March 9, 2009

Alan Greenspan described himself, in congressional testimony last October as being “in a state of shocked disbelief” over the failure of the “self-interest of lending institutions to protect shareholders’ equity.” Self-interest was very present and working. It’s just that the self-interest was defined too narrowly. Self-interest was personal not institutional.

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