1. When it comes to the choice between the taxpayer and the Banks, we know who won. The bankers: they got to keep their Banks, their risk, their shadow banking system, with no consequences or accountability expected. The taxpayers lost big time. They lost their homes, they took on student loans with no hope of … More PUBLIC ADVOCACY: TAXPAYER CHOICES
It’s our choice: How far have we come since 1/24/09? My notes, from This 14 page special report. 1. Page 6: Animal Spirits; the possible causes of the “great bubble”: Barely legal mortgage underwriters, overpaid Bankers and the intoxication of easy credit. Cupidity, fraud and delusion were part of the big bubble and bust. In … More Public Advocacy: The Economist Inside the banks
Inside the banks: The crisis has shown up flaws in the financial markets and the global economy. Huge flows of capital into debtor Nations like America and Great Britain pumped up asset markets. These fed the instabilities of financial markets; themselves plagued by poor regulation, dangerous incentives and the reckless use of mathematical models. Fixing … More PUBLIC ADVOCACY: The Economist
1. Bill Moyers 3/17/13 and his guest Anthony Lieserwicz postulate; THE GOVERNMENT AND THE CORPORATIONS RUNNING THIS NATION HAVE A Short term myopic focus which misses the urgency of Climate Change. 4 out of 10 people have never heard of Climate Change. HOW IS THAT POSSIBLE? It’s not too late to act, we haven’t begun … More PUBLIC ADVOCACY: Infrastructure debate, it’s all about the MONEY
1. NY TIMES 3/14/13 Monarch migration plunges to lowest level in decades: Interesting with the advent more farming, more corn production, logging the milkweed plants and other plants, known to produce food for Monarch butterflies has been decimated . Starting in the northern hemisphere reaching into Mexico approximately 150 million acres have been lost . … More PUBLIC ADVOCACY: Climate Effects plus more notes on Finance
1. Financial Times 3/6/13: FBI Joins war against abuse of fast trading: To quote, The FBI has teamed up with securities regulators to tackle the threat of market manipulation posed by sophisticated computer trading strategies that have taken markets beyond the scope of traditional policing. FBI Agents have joined forces with a new unit in … More Public Advocacy: Financial Reform