As 2012 begins the superstitious among us may be worried about ancient Mayan predictions of armageddon. Credit unions have heard it all before. In my short 32 years on this planet the years 1989, 1998, and 2008 also (supposedly) signaled the end of days for financial institutions of all shapes and sizes.
Alas, we are still here.
Still, it is easy to look at economic data and conclude that the Mayans may have been onto something. The optimist in me, however, suggests that financial institutions should be more concerned about another ancient myth: the story of Philemon and Baucis.
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