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Banks, too, faced a prisoner's dilemma. If, before the crisis, they had exited the riskier types of lending, stopped buying complex derivative instruments and reduced their leverage they would, in the short term, have earned lower profits than their competitors. The chief executive would likely hav…

Albert Camus once said that 'the whole of Kafka's art consists in compelling the reader to re-read him.' Since the interpretations of Kafka are many and the search for the meaning of his stories seemingly endless, the reader will return to the story itself in the hope of finding guidance from withi…

Then I descended the stairs: The descent was more tiring than the ascent had been, and not even that had been easy. Oh, how many business calls come to nothing, and yet one must keep going.

[...] I talked on as if I had still some prospect of putting everything right again by my talk, by the advantageous offers I made--I was myself alarmed by the concessions I granted, concessions that had not even been asked for. [...]

[...] But back I cannot go, this waste of time, this admission of having been on the wrong track would be unbearable for me. What? Run downstairs in this brief, hurried life accompanied as it is by that impatient droning? Impossible. The time allotted to you is so short that if you lose one second …