Category: running commentary

thirteen ways of looking at a whale

Wallace Stevens’ Thirteen Ways of Looking at a Blackbird came to mind Friday while watching bankers and regulators testify before the Senator Levin-lead bipartisan subcommittee hearing on “JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses.” I…

so why is no one in jail?

In the aftermath of the Savings & Loan (S&L) crisis of the 1980s, there were over 1800 criminal prosecutions and more than a thousand financial executives went to prison.  So far the financiers who have met a similar fate in the…

pareto redux

To anyone who has noticed that theParetoCommons has been dormant during the past six months I owe an explanation for the hiatus and my thanks for bothering to read this post after so much time. (Indeed, were it not for…