Check your guns at the door: how to get together to establish a secondary market
Proceedings of the Conference on the Secondary Market for Community Development Loans Most organizational development professionals are familiar with Spencer Johnson’s book Who Moved My Cheese? Johnson’s tale is simple but insightful and reveals profound truths about change. The four characters in the story live in a maze and they need to look for cheese to nourish them and make them happy. The characters are Sniff, Scurry, Hem, and Haw. “Cheese” is a metaphor for what you want in life, and “maze” is where you look for what you want. In the story, the characters face unexpected change, and each deals with it differently. The interesting parallels that exist between the story and the current state of community development finance are telling. In the community development finance industry, the “cheese” is capital. The “maze” is where one looks for capital. Historically, most corridors in the community development maze have led to banks and foundations. That’s where the cheese was. Then one day the industry awoke to find that the cheese in these corridors was no longer plentiful and it didn’t taste quite as good as everyone remembered from the old days. While the traditional providers of capital, banks, and foundations will continue to be important sources for “cheese,” the industry must find a way to access a new source—the global capital markets.
Volume (Year): (2006)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Phone: (415) 974-2000
Fax: (415) 974-3333
Web page: http://www.frbsf.org/
More information through EDIRC
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:fip:fedfcr:y:2006:p:44-45:n:v.2no.2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Noah Pollaczek)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.