Chris Penningroth’s Weltanschauung » Banks http://chris.casablog.com A Throwback to a Time that Never Was Mon, 23 Jan 2012 02:21:40 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 You Could Fool All of the People http://chris.casablog.com/2009/01/11/you-could-fool-all-of-the-people/ http://chris.casablog.com/2009/01/11/you-could-fool-all-of-the-people/#comments Sun, 11 Jan 2009 19:20:35 +0000 Chris Penningroth http://chris.casablog.com/?p=353      I ran across this gem at the Motley Fool this morning while speeding through my e-mail.  It was a post called Sizing Up Banking’s New Giants and was written by Morgan Housel.  I emphasized my favorite part of the quote. 

Back in August, I wrote, "If something is too big and complex to fail, perhaps we should make it smaller and less complex." Now’s probably not the time to throw another wrench in the financial system, but someone, someday is going to have to realize that if something’s too big to fail, it’s also probably too big to bail.

]]> http://chris.casablog.com/2009/01/11/you-could-fool-all-of-the-people/feed/ 1 Seventy-Nine http://chris.casablog.com/2008/12/07/seventy-nine/ http://chris.casablog.com/2008/12/07/seventy-nine/#comments Mon, 08 Dec 2008 03:21:28 +0000 Chris Penningroth http://chris.casablog.com/?p=340 http://www.youtube.com/watch?v=nbK3RhCQoI8

     Here’s an academic take on the financial crisis.  This is 58:19 long, so grab a break and a cup of coffee if you mean to watch this! [Update - Sorry, for some reason embedding it did not work this time.]

     I also just ran across a new favorite quote by Brian Rogers, T. Rowe Price Chairman and Chief Investment Officer:  "Statistically speaking, the world does not end that often."   

     In case you were wondering, seventy-nine is 2008 minus 1929.   

Update 2 - Attempt 2 to embed is below:

 

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