1. NY TIMES 7/14/13 Gretchen Morgenson Comments: Bankers are balking at tighter suspenders. CAPITAL requirements are being increased for the largest banks which will make the Banks less risky, by reining in Too Big To Fail. The new Capital requirement will create a buffer for capital preservation. This proposal has the endorsement of the FDIC , the Federal Reserve Board and the office of the Comptroller of the Currency. It is only a proposal, but it’s implementation will help the Banks absorb losses without imploding the economy. This is our choice. Taxpayers are no longer available for future bail outs?
2. NY TIMES 6/14/13. An alternative path for young entrepreneurial graduates who would rather make a difference and have decided not to pursue the $100,000 salary. Young people, graduating from prestigious Universities are opting to join VENTURE FOR AMERICA, a non profit group, sponsoring new ventures in depressed cities. Similar to Teach for America, this program is partly sponsored by some of our largest corporations: Quicken. Deloitte, etc. It is a win win, the young people hone their skills to benefit depressed communities, prior to developing longer term goals for themselves. We have a choice.
3.Foreign Affairs magazine Glenn Hubbard & Tim Kane comment on American Politics, since Eisenhower. Both Democrats and Republican’s nominated him for President; His quote, ” I despise people who go to the gutter on either the right or left and hurl rocks at the Center.” Since 1974, overlap in American politics has melted away. The authors postulate, that this stranglehold on American Politics can not last. Enhanced political competition will help voters generate solutions that advance both prosperity and equity and ultimately, allow the Country to take back it’s future. We have choices.
4.LOL Bill Moyers tonight. Let’s be Brazil by Marty Kaplan: Why aren’t Americans taking to the Street’s? He postulates that American’s are controlled by their use of media. One of the tragedies our time, is the lack of a free press, instead Journalism is demand driven and has become entertainment. What’s happening to Public Outrage over the systemic problems encountered in our ” Democracy”? It’s not apparent to many people that other’s are outraged too. It’s not obvious when reading the news, what is happening in your neighborhood or City. All the news that’s fit to print has to be found by reading many sources. To overcome the feeling of hopelessness, we need an independent press. We have choices and solutions.
23 thoughts on “PUBLIC ADVOCACY: Green shoots of change!”
Item 1: I believe that tighter capital requirements would decrease leverage;not increase it. Chad
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Thanks for commenting. This leverage ratio was a direct quote , I assumed meaning the same thing, less leverage less risk, less burden on the economy.
Sorry for the confusion. I will edit this to reflect more capital requirement less risk.
All the best. Joyce
Comment appreciated. I just edited the Post. Thanks again.
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