Saturday, 22 January 2011

Agenda: The Case Against Breaking Up Banks - WSJ.com

The writer of this piece in the Wall Street Journal is a bit confused as perhaps many authorities are. The problem is that large banks did not recognise that there was an underlying problem arising from their need to compete. If America follows one policy and Britain follows another, we have a global problem because the problem is competition and the rules governing competition. Since American banks followed no or less rules, they held the destructive cards. Destroy competitors by getting them into problems their governors can't solve. It's like tripping another runner in a race. The solution is to end the game altogether or insert oversight with common rules.

http://online.wsj.com/article/SB10001424052748704881304576094290817725736.html


Woohs stream at http://woohs.blogspot.com taps into many streams of thought and action. There is no end to motion, just evolution and unrelenting change, seen or unseen. Energy is motion both in reality and calculation. Take time to rest even though all inside you is always moving. Your massive relative pause gives opportunity for other smaller streams to catch up. Take time to meditate so that you can see with your mind what lies within and beyond.

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!