+Economy & Policy | 1668 days ago

New column: Telling the knuckleheads from the geniuses in the banking business

By wpcomimportuser1

My new column is online and the issue of Time with a California fire fighter on the cover. It begins: When times are good, it’s awfully hard to tell the knuckleheads from the geniuses in the financial-services business. That’s because bad loans and bad investments tend to look just as profitable as good ones–and sometimes [...]