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Sunday, December 21, 2008
G’night, y’all
The Atlanta Journal-Constitution
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A little common sense goes a long way
The Atlanta Journal-Constitution
Joe Nocera of the New York Times writes a great business column. It wouldn’t surprise me at all to see him win the Pulitzer for commentary this year.
His latest piece — comparing India’s banking system to our own — is fascinating and all too telling:
“As the credit crisis has spread these past months, no Indian bank has come close to failing the way so many United States and European financial institutions have. None have required the kind of emergency injections of capital that Western banks have needed. None have had the huge write-downs that were par for the course in the West.”
Why have Indian banks remained immune while the U.S. system requires huge government bailouts? Go read Nocera.
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Here’s fresh thread …
The Atlanta Journal-Constitution
weave me something nice while I’m away.
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