Whatever you tax you get less of.

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

Indeed, better risk management may be the only truly necessary element of success in banking.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.