compassion, collaboration & cooperation iN transistion
GREED is DANGEROUS, and the encouragement of it is stupid.
Peak Moment 180: "Get rid of Wall Street!" says David C. Korten, author of Agenda for a New Economy and The Great Turning.
Wall Street is about phantom wealth — real wealth is about happy, healthy families, local living economies in balance with Earth's resources, and caring, resilient communities that provide life's basics, like food, shelter, and education. To do that, we must change the rules to reduce the power of corporations, the politicians in their pocket, and a destructive money system.
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can BE THE ONLY WAY forward when you have read William D. Cohan's book "HOUSE OF CARDS"
William Cohan details the rise and fall of Bear Stearns and focuses on the choices executives made that ultimately led to the government-forced merger with J.P. Morgan.
GREED is DANGEROUS, and the encouragement of it is stupid. In order for society to work efficiently, never mind fairly and cohesively, there has to be a balance between the competitive and cooperative parts of the system.
THIS BALANCE goes right to the heart of human nature and human society.
The free-for-all that rules in the financial markets DOES NOT PROMOTE such balance.
Simulated JUSTICE in the face of reported FALSE PROFITS ...
can never cover up the lie that NO ONE COULD SEE THE CRASH COMING
IN FACT "NO ONE can say they weren't warned"
It’s not about money, it’s about Values. What is important to you?
Do you want to put the Money first? Do you want to put Care first?
Do you think that if the taxes were lower and the economy stronger Care would occur automatically?
What will be important to the people of this country as the value of our income and our assets slide inexorably during the years to come? Will the Nation be willing to spend one hour less in front of the TV, in order to do something for a neighbour?
Can we cope if the iphone becomes a luxury and not a necessity?
Where do THE REALLY GOOD ideas come from NOW?
WHAT IF Nassim Taleb's "Black Swans" were engineered by a group of men -
living together in society today - as a result of information asymmetry ?
" When plunder becomes a way of life for a group of men living together in society - they create for themselves, in the course of time, a legal system that authorises it and a moral code that glorifies it "
J P Morgan Chase and other big banks are accused of running a frightening scam collecting on
credit card debt. California Attorney General Kamala Harris, who filed suit against J P Morgan Chase
last Thursday, says that from January 2008 to April 2011 -- just as people were reeling from the
Wall Street-driven financial crisis -- the megabank unleashed over 100,000 lawsuits against
consumers over uncollected credit-card debt in the state of California alone. That includes 469
lawsuits in a single day. Now, it usually takes time and money to pursue lawsuits through the
court system. So how in the world did Chase keep up this breakneck pace? The lawsuit claims
that the bank took a number of little shortcuts, like robo-signing, in which bank employees
produce sworn documents and other legal filings without bothering to check bank records
or examine cases for accuracy.