This being the last Saturday of the year, allow me to look back at some of the failures of the year. Here are the four failures of 2017.
The title of Failure Number One of 2017 goes to the Banks. The greed of financial institutions finally caught up with them. Even as they fight it, the banks brought the ‘catastrophe’ of capped interest rates upon themselves. It is the accumulated result of wanting to make too much money for too few people within too short a time. But also, it is simply a matter of banks being unable to cope with change.