20 years ago, as I was peacefully driving through the Berkshires with a friend, we had a philosophical conversation about Democracy and Democratic values. To my partners surprise, I stated that the end of Democracy was Fascism. Not realizing then, 1995 , was the seminal year for the reversal of most of our laws that … More PUBLIC ADVOCACY: Have Corporate Rights replaced Democracy?
Listening to Bloomberg News on the way home from the Bronx Botanical Gardens and hearing a reporter state, ” Eric Schneiderman , the NY STATE AG, is ” looking at Fast Trades ” to determine if they have a ” competitive advantage”. This is the first step in analyzing “dark pools ” with broader powers … More PUBLIC ADVOCACY: Happiness is…..
Inequality, Corporate Welfare , an in balance in our Political Power has occurred as the Silent Majority remained Silent. With the coming correction in the Market, the Middle Class may finally get a chance to have a seat at OBAMA’s Table. Let’s decide what’s important to US and ask for a “change in the laws” … More PUBLIC ADVOCACY: Part ll : A Conversation with Joseph Stiglitz
Dear followers I am torn between what can be and what is ? For years I’ve been writing about Social advocacy, almost 30,000 visitors that I know of, have viewed my site, but I feel I should be doing more? I will continue to deliver all the news and issues and options that concern … More PUBLIC ADVOCACY: a letter to my Readers/A call for action
As the media diverts our attention once again from job creation and Obama ponders income inequality which his policies have exacerbated. Our attention is diverted by more articles then I can count: climate Change’s effects on Monarch Butterflies, penguins and polar bears; the rush to fracking without a means to transport gas products causing widespread … More PUBLIC ADVOCACY: Fear of risk is holding the Country hostage to ” bad ” policy
According to Thomas Hoenig, reporting in the FT 8/20/13, a Vice Chairman of the FDIC, ” recent research found no evidence that higher bank capital leads to lower volumes of loans over the long run. ” Given the magnitude of the Financial Crisis of 2008; does anyone really believe that greater capitalization of the … More PUBLIC ADVOCACY: The Financial Times: Safe Banks/Economic Growth
This article in the NY Times DealBook captured my attention. /” Overhaul of Israel’s economy has lessons for the United States. ” There are lessons to be learned, though the scale of Israel’s problem never reached the level of inequality seen in the United States; it is a cautionary tale. “Per Steven Davidoff, of the … More PUBLIC ADVOCACY: One Nation’s Pyramid is another’s Cartel
Decrease the Banking Sectors proportion of the GDP and Create Jobs. Banks and Bank” like structures” account for 60% of the GDP. With the new accounting rules, we’ve been fooled into believing the unemployment rate has decreased. But it’s not true! Wall Street and equities have skewed the numbers and these calculations have nothing … More PUBLIC ADVOCACY: Regulate Banks and create JOBS!
I had first hand knowledge of a Merchant Banking Culture in the early 80″s. It may not qualify me as an expert, but I was hired to find a significant loss reported in the Annual Report of Banker’s Trust. I followed the money, the procedures, and found the loss. I was authorized to hire an … More PUBLIC ADVOCACY: The Banking Culture
Gretchen Morgenson, NY TIMES 1/5/14, A roadblock to brawny Bank Reform. The need for tougher Capital Rules. ” It is unclear why the Fed is stalling on the leverage ratio to be maintained to prevent risk and create a Bank capital cushion that frees the public from another bailout? “Basel 3 will not be implemented … More PUBLIC ADVOCACY: The need for Bank Capitalization and Regulation