Wednesday, May 23, 2012

Dinosaurs Were Also Big

Link

In the aftermath of JPMorgan's $2 billion loss, which could bloat to as much as $4 billion in the coming weeks, critics of Wall Street have pressed the government to strengthen its oversight of the financial industry. But would that be enough to prevent a repetition of the financial crisis? Some say the very existence of JPMorgan and other too-big-to-fail banks represents a constant threat to the global economy

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We talked about one this second wave mentality here. Concentration, maximization disproportionatelly inflates companies, people, egos, wallets, creates a fragile state for everyone involved in the system. No single person should be in a position to lose this amount of money. Obviously as a solution we do not imply more regulation, but another decentralized system that directs investment to places where it is needed.

Health Apocalypse Now

Link Much of my time for the past year has been spent navigating the medical maze on behalf of my mother, who has dementia. I obser...