Category: Trusts

The development of trust: Part 2, How to disagree

19 June, 2014 (08:49) | Cities, Development, Economics, Housing, New Haven, Partnership, Real estate taxes, Theory, Trusts, Yale, Zoning | 1 comment

[Continued from yesterday’s Part 1.] By:David A. Smith  As we saw yesterday, development (of real estate) takes trust, and trust (of another person) takes time to develop, and the swansong duet of retiring New Haven mayor John DeStefano (now a Yale professor) and retiring Yale president Richard C. Levin, reported last summer in the New […]

The development of trust: Part 1, How to agree

18 June, 2014 (08:14) | Cities, Development, Economics, Housing, Mayors, New Haven, Partnership, Real estate taxes, Theory, Trusts, Yale, Zoning |

By: David A. Smith Next to parenting (a commitment for eternity and beyond) and marriage (intended to last ‘til death do us part), real estate development takes the most trust in the future. Investing money into the built environment is an irreversible commitment – liquid flexible capital gets nitrogen-fixed into a location and can never be […]

Banker’s breach of trust: Part 3, Who should pay?

17 October, 2012 (09:17) | Banks, Deposit insurance, Deposits, Equity, Eurozone, Global news, Greece, Regulation, Saving, Spain, Speculation, Trusts |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   Two days ago, working from a recent Wall Street Journal (October 7, 2012) article,  we encountered millions of Spanish depositors defrauded(**) by banks in which they placed their trust; and yesterday we saw that the deceit was structural, running from […]

Banker’s breach of trust: Part 2, Who is guilty?

15 October, 2012 (16:29) | Banks, Deposit insurance, Deposits, Equity, Eurozone, Global news, Greece, Regulation, Saving, Spain, Speculation, Trusts |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday’s post using a Wall Street Journal (October 7, 2012) demonstrated the proof that Spanish bank depositors were defrauded at a massive scale by being sold ownership shares in the banks themselves under the guise of making deposits.  Apparently (small comfort), this particular fraud scheme […]

Banker’s breach of trust: Part 1, who was robbed?

15 October, 2012 (16:26) | Banks, Deposit insurance, Deposits, Equity, Eurozone, Global news, Greece, Regulation, Saving, Spain, Speculation, Trusts |

By:David A. Smith   So many are the banks whose name include the word ‘trust’ that we have become dulled to its meaning, liberally substituting ‘trust’ for ‘bank’ when in fact the one does not guarantee the other, as shown in this alternately tragic and outrageous story from Spain reported in the Wall Street Journal […]