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




reviewboard
whats inside

 

Failure of Self-Interest?

March 09, 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.

* * *

TrackBack

TrackBack URL for this entry:
http://www.michaelmckinney.com/cgi-bin/mt/mt-tb.cgi/35

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)



Powered by
Movable Type 3.34


top

Copyright © M2 Communications 2012 • All Rights Reserved