Banks: The Big Get Bigger
The financial crisis has created an environment where, because of government-funded bailouts, big banks are getting bigger, as the small ones struggle.
Many small banks who accepted bailout money are in jeopardy of failing. Hundreds have not yet paid back their bailout money. Meanwhile, the larger banks all seem to be faring pretty well, having mostly paid back what they owed the government. The reasons for the different experience over the past few years of big and small banks is pretty simple to explain. Big banks have more diversified balance sheets, so their loan losses weren't as concentrated or severe as small banks' loan losses. When it came to mortgages, for example, most big banks sold many of them to investors through securitizations, while smaller banks more likely held them on their balance sheets.
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."
- A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
- In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
- The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
Moans, groans, and gripes release stress hormones in the brain.
Could you give up complaining for a whole month? That's the crux of this interesting piece by Jessica Hullinger over at Fast Company. Hullinger explores the reasons why humans are so predisposed to griping and why, despite these predispositions, we should all try to complain less. As for no complaining for a month, that was the goal for people enrolled in the Complaint Restraint project.
Participants sought to go the entirety of February without so much as a moan, groan, or bellyache.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.