May 16, 2012
Economics
Deep in the comments following Maureen Dowd’s Dancing with Deriviatives, on the JP Morgan Chase debacle is the following comment by Diana Moses of Arlington, MA Wasn’t there a theme in 2001: A Space Odyssey about our technological developments escaping our control (I’m thinking about HAL)? I sometimes feel that way not just about Big […]
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May 11, 2012
Economics
Today’s news that JP Morgan Chase had incurred a $2 billion trading loss reminds us again of the risks to the rest of us of organizations that are not only too big to fail, but too big and complex to effectively manage. Simon Johnson, author, with James Kwak, of White House Burning, The Founding Fathers, […]
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