compassion, collaboration & cooperation iN transistion

Search Results - Gillian Tett

Blog Post: The irreversible trends of sickness & insanity ...: and the…; Added by Michael Grove at 16:44 on February 7, 2011

Comment on: Blog Post 'IF capitalism IS': grity of the Over The Counter Derivatives Market. As a result of her initiatives it became ever more apparent - at the highest level of both politics and finance - that those in charge subscribed to their own self-serving faith in the OTC derivatives market operation - to the extent that Brooksley Born's "constructive criticism" was entirely without foundation. 6 weeks after congress threw out any chance of acknowledging the problem - let alone fixing it - major panic ensued in the market as the hedge fund Long Term Capital Management collapsed towards potential bankrupcy! "For someone whose eyes would go glassy when hearing "derivatives" or "hedge funds", this programme was a revelation. In an entertaining and clear narrative, it made sense of the issues involved for the first time. It is also the story of a real American hero, Brooksley Born, who unfortunately had to learn, in Gore Vidal's mot, that America provides every freedom, including the one not to be heard. But PBS is there to fight that attitude, and as a Canadian I congratulate you for this magnificent documentary which had me riveted from beginning to end." Maarten van Dijk Oct 21, 2009 12:29 "We have to go back to the glass-steagall act and purge what Bill clinton signed into law replacing the glass-steagall act.. All executives of public corp. should be held personally and jointly liable for bad business practices.. tough regulations should be in place.. Bring Volcker and Brooksley Born into the mix.. They are the real financial experts... They have high standards of morality and have a honest heart to protect the public from corrupt executives.. They used their God-given talent for the common good." Florendo Navaleza Oct 22, 2009 01:40 This was truly a political and financial "case study in arrogance" in the context of the absolute truth that neither GOD or POLITICS or the FINANCIAL system are "religion in any shape or form" - because it was the faith in self-serving religion rather than the faith in common-sense which eventually brought the financial system to its knees in late 2008 at the expense of the peoples of this world who had absolutely no say in the matter because of the total lack of representation in Congress.…; Added by Michael Grove at 15:28 on July 16, 2012

Blog Post: ALL THAT IS POLITICS AND ECONOMICS TODAY ...