Hi I am Joyce the voice of Joyce I wanted to thank everyone for following my Blog and tell you personally that I’ve read your letters and appreciate your kind comments of support. I believe I have become an expert on finance reform and know that , financial reform coupled with Corporate reforms would bring … More PUBLIC ADVOCACY: Morning in America/ ll
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!
Now that the mid term elections are upon us and 2016 is being talked about, expect the stimulus to flow! But what’s the difference, the money will benefit a few, while the rest of the Middle Class remains mired in debt, with no job prospects and without “hope for a better life”. Nothing has changed … More PUBLIC ADVOCACY: Stimulus? Jobs! Morning in America
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
Thoughts on changes for the New Year./ The ” Honey Trap” beware an increased Social Safety Net without the Benefit of Regulation. You don’t want one without the other. I’ ll tell you why? 1. Thoughts on Regulations; obscure, redundant , costly except where they need to be strengthened. Like Dodd Frank, a waste of … More PUBLIC ADVOCACY: Thoughts on changes in the new year: Social Safety Net & Regulations, etc
I’m concerned. What happened to the great author’s and investigative reporters of our time? They existed during Teddy Roosevelt‘s tenure in government, in fact, they ran the journalistic pieces, whether in papers, magazines or books which provided the facts for him to prosecute The Trusts. All the great legislation of 1901-1905 was developed by the … More PUBLIC ADVOCACY: a New Year’s Resolution: The rise of investigative journalism?
This is the third week of reading the papers and finding almost nothing of importance , which is why, I’m more convinced then ever, that the social media and independent papers, composed of journalists , attorneys and people experienced in various industries will become the purveyors of news. Traditional news has become entertainment like everything … More PUBLIC ADVOCACY; My thoughts on media and “man”& a need for Compassion