An institution that borrows on a non-prioritized basis would never contemplate borrowing on a prioritized basis. Doing so would undermine its standing in the bond market and suggest that it is not worthy of its strong credit rating. This type of self-imposed downgrade would materially affect its financial prospects.
We really need to move to a bit of a post-partisan world where we actually start solving problems and stop kind of living in a country where the political leaders act like half the country is entirely wrong about everything they believe and increasingly try to pit American against American.
By any measure, CapitalSource outperformed both our direct competitors and the financial services industry in general, particularly in the context of the near collapse of the financial services industry where 19 of the 20 largest financial institutions in the country either failed or were bailed out by the government.
Chess masters don't evaluate all the possible moves. They know how to discard 98 percent of the ones they could make and then focus on the best choice of the remaining lot. That's the way expertise works in other fields, too: Wise practitioners recognize familiar patterns and put their creativity, improvisation, and skill toward the marginal cases.
In the modern presidency, the Chief Executive is expected to respond to anxious national moments with words that stabilize the country. President Trump chose a different route. He did not give a stirring speech of unity or create a national gathering point around common ideals. He spent his passion on other things.
Inaugural speeches are supposed to be huge and stirring. Presidents haul our heroes onstage, from George Washington to Martin Luther King Jr. George W. Bush brought the Liberty Bell. They use history to make greatness and achievements seem like something you can just take down from the shelf.
The house was big enough for my brother and me to have firecracker wars at one end and leave Mom and Dad undisturbed at the other. When firecrackers weren't available, we attacked each other with pennies and marbles and clumps of Crisco, which made brilliant greasy asterisks when you missed and hit the wall.
Comey worried that the pressure from Trump to end the Flynn investigation or remove the 'cloud' of the larger investigation would 'infect' the investigation if he let others working on the case know about it. You don't need to believe the particulars of each exchange to see that this mode of management was not productive to a larger purpose.