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Goldman and Morgan Stanley did something different, though; they became universal banks. In September 2008, they converted into commercial banks in order to get access to the Fed. And then they came into work the next day and, uh, survived. They did not convert into commercial banks with ambitious plans to get into corporate lending and retail banking, to issue credit cards and mortgages. They converted into commercial banks over a scary weekend in order to keep access to funding for their trading businesses. They were technically universal banks, but really they remained independent full-service investment banks.
Goldman Has Some New Divisions
bloomberg.com
Initially, Japan’s traffic lights were green as green can be. Despite this, the country’s official traffic documents still referred to green traffic lights as ao rather than midori. While international traffic law decrees all “go” signals must be represented by green lights, Japanese linguists objected to their government’s decision to continue using the word ao to describe what was clearly midori. The government decided to compromise. “In 1973, the government mandated through a cabinet order that traffic lights use the bluest shade of green possible—still technically green, but noticeably blue enough to justifiably continue using the ao nomenclature,” Allan Richarz writes for Atlas Obscura.
This Is Why Japan Has Blue Traffic Lights Instead of Green
rd.com
As the mops dwindle, the sociopaths loot whatever value is left, and move on to the next exploit. They leave behind only wreckage: devastated geeks who still have no idea what happened to their wonderful New Thing and the wonderful friendships they formed around it.
Geeks, MOPs, and Sociopaths in Subculture Evolution | Meaningness
meaningness.com
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