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I thought you said that after this many years nothing should embarrass him?" Leigh said with gentle amusement. Lucian grunted. "I guess he's more sensitive than I thought." "I am NOT sensitive," Cale snapped, irritated by the very suggestion. "It's probably his mother's fault," Lucian said, ignoring him. "Martine named him after Caliope, the muse of poetry. Between that and his father dying when he was only fifty, he's probably suffered under Martine's namby-pamby influence. ↗
On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big. ↗
It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion. ↗