I still remember nonhomogenized milk. When I was a youngster, our family would go to a small western Pennsylvania town in the summer to buy nonhomogenized milk from a local dairy. It was a welcome break from the homogenized stuff we'd get at the local grocery. Was it good! Rich in body, tasty, with wonderfully thick cream on top. Homogenized milk is safe, but not nearly as good. I wouldn't know where to go to get milk like that today.

Homogenized banking! Think about it. Credit cards, consumer loans, and mortgage loans are made according to formula-based lending practices. Fill out the application, run the numbers through a computer and out comes the decision - yes or no. And now the trend - in the form of credit-scoring programs - has gone even further to include commercial loans and small- business loans. This may be safe, but is it good? Are we forcing massive conformity to minimize human intervention, standardize underwriting criteria, and avoid risk?

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