First: allow me to rant: Twice in the recent past we have been witness to the enormous cultural gap that separates senior corporate executives, and their coterie of hangers-on, from the rest of us. The first instance was the absurd trio of auto maker CEO’s flying into Washington on their private jets in order to […]

Well the campaign for bank nationalization seems to have hit a wall. The current and best rumors in Washington now are that the Obama Administration favors setting up a ‘Bad Bank” to deal with our banking woes. My quick response: bad idea! A bad bank is an organization set up for the specific purpose of […]