Posts Tagged ‘Imagine’

Imagining A Lot(tery)

Lennon’s voice comes across as exhausted by sadness. And it speaks to me because that’s how I feel after this close encounter. I could have been a war casualty; I’m not, thank God. But I tell myself I must never forget what it felt like nearly to have been one. And I never do.

Time To Rationalize Back?

What’s to prevent, for instance, a legislature chartering a bank one of whose very purposes is to be locally owned and controlled, with charter provisions that prevent out-of-state takeovers or incorporation into bigger banks? And charter provisions that protect its borrowers from usurious out-of-state lending rates? I can hear Tea Partiers complaining that all that local regulation would drive investors screaming to the exits – but bank investors have historically done poorly with the existing setup. Could this be worse?