Have you notice that whenever someone asks a President what he reads, he always refers to history, and not to management books? Maybe we bankers should do more of the same. History books did not create this crisis. Management books, well….
13 Bankers is a history book, some very recent, some not. I hope all have ordered it by now. It will steel your resolve.
Please see Naked Capitalism and you will see that the tide seems to be shifting. The water is rising behind the dam. This is a great summary by Washington’s Blog as a guest poster. Our new blog is getting a lot of attention. Which causes me to ask, what is the best contribution we together can make? I will try to steer the conversation in some directions that will be useful to policymakers. Our experience is needed. Our country calls for it. Please share this blog with other bankers that would have useful comments to add.
All this surprising momentum calls to mind a little history from 16 October 1555. These were somber times, and the occasion more somber still. Two heretics of sorts were being taken to the stake. (a fate I hope to avoid) Hugh Latimer, then on the outs with the Crown, said to his companion, “Play the man, Master Ridley; we shall this day light such a candle, by God’s grace, in England, as I trust shall never be put out.
Perhaps our little candle can help usher in a better age.