Month: February 2026

Late last week my daughter Marie, her two children, and I toured the Ballerina Farms dairy near Park City in Utah. My tech takeaway, as it relates to lenders: there are 150 cows, and two $250,000 robots do the milking machine duties of guiding Bessie, cleaning the udder, using lasers to attach the cups to the teats, pump the milk, weigh it, monitor the butterfat and protein, and bring up the next cow, day after day. That’s automation! Lenders are always analyzing automation for parts of the…

“If at first you don’t succeed, destroy all evidence that you tried.” Lenders can’t. They work with many loans that “try” but don’t work, and have historically unenviable position of passing along costs of loans that don’t fund onto those loans that do. The surest way to lower costs is to increase pull through, and increase fundings to spread out fixed costs. Efficiency! By informal chatter, 2026 is off to a decent start. Sure enough, according to Curinos’ new proprietary application index,…

“Going to bed early, not leaving my house, not going to a party… my childhood punishments have become my adult goals!” Is one of your goals to live to be 100 years old? Alan Greenspan, the 13th chairman of the Federal Reserve (1987 to 2006), turns 100 in a month. As we know, the Federal Reserve currently finds itself, and its independence from politics, in the crosshairs of legal and political maneuvering. The Trump Administration asked the Supreme Court to allow it to fire Federal Reserve…