Cityphilia

I found this article to be a fascinating (if rambling) study of how financial deregulation has contributed to deteriorating societal values. It's easy to fall into the habit of seeing each new scandal, each new corporate misfortune as an aberration, rather than seeing indications that we're overdue for reform and regulation in the banking sector.

Oh, wait! Maybe we can just cut rates again and drive up confidence, right? Right?