"We are making our federal aid package simpleandunderstandableand tailoring assistance to the specific needs of the families and businesses most impacted by Sandy, " Bloomberg said at a City Hall news conference.
Simplifications allow a permissible level of error to enter into the model in the hopes of making the it simple enough to run quickly, the concept understandable, and the results readable.
The model that has stayed steady through all this is the local community bank, with its simple, understandable model, where deposits are gathered locally, lent locally, and the spread income is used to support the same customers who provide the deposits and loans.