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It is actually not a question of size, because the government must naturally be large to oversee a highly complex nation. The problem is over-complexity and convolution, with subgroups of experts who do not cooperate, trust each other, or work well together.
George Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
Farley conceded that there are “a lot of underwater bonds in the banking system and that can pose financial stability risks because banks are leveraged institutions. If it’s levered 10 to 1 and you have a 10 percent loss, all the equity is gone.” Which, of course, is exactly what happened to Bear Stearns, which at times was levered 50 to 1, meaning... See more
The BofA $136B Dynamite Stick
Jeff Parker
@jeffparker
(In the face of overwhelming documentary evidence and testimony, the Justice Department would later acknowledge the so-called gunwalking campaign and would admit to having given false information to Congress. The story would become the investigative reporting story of the year, receiving an Emmy and the Edward R. Murrow Award.) The Justice Departme
... See moreSharyl Attkisson • The Smear: How Shady Political Operatives and Fake News Control What You See, What You Think, and How You Vote
The Wolves of K Street: The Secret History of How Big Money Took Over Big Government
amazon.com
David M
@nonzero