links for 2009-03-31

The lesson should be clear. Commercial banks are just too important to the economy to be allowed to participate in the more dangerous business areas of modern finance. Trusting in the good sense of bankers to avoid excessive risk doesn't work. In a deregulated environment, caution is penalised and the conservative are soon pushed out.

All graphs on this page are ©Dave O'Brien 2003-2009, and licensed under the Creative Commons as Creative Commons License Sars Graphs is licensed under a Creative Commons Attribution-Share Alike 3.0 Hong Kong License. (I should have done it years ago, but I didn't even think of it until listening to <a href="http://www.43folders.com/2009/03/25/blogs-turbocharged">this podcast by Merlin Mann and John Gruber</a>.)