Sometimes it takes a near-death experience to change bad behavior. Think of your friend who quit smoking after a coronary incident. Or look at how banks are reducing their dependency on debt after watching rivals go belly-up. On Wall Street, this process of reducing debt relative to equity is called... -
A Return to Thrift
Sometimes it takes a near-death experience to change bad behavior. Think of your friend who quit smoking after a coronary incident. Or look at how banks are reducing their dependency on debt after watching rivals go belly-up. On Wall Street, this process of reducing debt relative to equity is called...-
By Geoff Colvin