1. What do all these people have in common? Bill Clinton, Alan Greenspan, David Stockman, Lyndon LaRouche and Sandy Weill: They all agree Glass Steagall should not have been repealed. They all advocate for the re-instatement of Glass Steagall. Don’t listen to the nay sayers, while it’s true this doesn’t solve all of our problems, it will make banking and investing less risky and separate entities. Is it a beginning? We have a choices.
2. NY TIMES DEAL BOOK: PRO PUBLICA on The Brown- Vitter Bill, A bank overhaul with possible teeth. A Bill was introduced last week that calls for 2 things: making the giant banks much safer and preventing regulators from using taxpayer funds to bail out the Banks. The Brown- Vitter Bill would require Banks with $500 Billion in assets to set aside 15% for capital reserves. The financial crisis started in the summer of 2007. If the banks had been more solidly capitalized, there would have been fewer panicked investors? To paraphrase, this is a small step toward Banking transparency, it does not leave taxpayers off the hook!? We have choices.
3. NY TIMES 5/2/13: Expanded Medicaid raises use of care and significantly increases the sense of well being of the user, while freeing up their finances. Amy Finkelstein of MIT , worked on the Oregon Study and received the John Bates Clark Medal for young Economists for her work in this study. The program appears to be a win win, with the diagnosis and treatment of depression and preventive therapies. Which State wasn’t participating? We have a choice.
4. LOL Attended a TedxEast Salon last night. Though different messages were presented mixed with entertainment by Rhett Price on the Violin , the message was go with the flow, listen and be ready for” life’s curve balls”? We were, check out my photo , on Twitter, with Rhett Price after his musical interlude. Great fun. So maybe, Don’t hit your head against change, relax, and let stuff happen? If you’re lucky, when you let go , good things happen, it did for Bradley Bayou . Put yourself out there, listen to others and take Adam Grant’s , test on Give and Take, you might be surprised? Enjoy? We have many choices.