Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to customer B should be called banks. The rest should call themselves what they are. 'Parlors' would be appropriate, or 'dens' - words more suitable to venerable betting pursuits.
Graydon CarterFinancial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.
Graydon CarterArrogance, ignorance, and incompetence. Not a pretty cocktail of personality traits in the best of situations. No sirree. Not a pretty cocktail in an office-mate and not a pretty cocktail in a head of state. In fact, in a leader, it's a lethal cocktail.
Graydon CarterFormer vice president Al Gore has devoted his post-administration years to a mission to tell the world about global warming. It's funny, but in his civilian life Gore has discovered the voice that voters had trouble hearing when he ran for president in 2000. The voice he has found is clear, impassioned, and moving.
Graydon Carter