Banking crises are preventable, but human nature gets in the way

Bloomberg/Max Abelson/4-15-2023

Comic Pogo we have met the enemy and he is us“That’s because the history of banking is, at least in part, a kind of horror story that keeps repeating itself.”

USGAOLD note: Nettlesome human nature always seems to get in the way……In more ways than one. As human beings, we are tasked with operating within systems designed, built, and managed by human beings. But worry not, artificial intelligence is moving quickly in the direction of rremedying the human condition.

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