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Taking Back Our Lives from the Wall Street Mafia

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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Comment by Michael Grove on November 30, 2010 at 11:53
Taking Back Our Lives from the Wall Street Mafia ...

can BE THE ONLY WAY forward when you have read William D. Cohan's book "HOUSE OF CARDS"
Comment by Michael Grove on November 30, 2010 at 12:16
JUST LISTEN to what William D. Cohan had to say during his After Words interview with Deborah Solomon, Wall Street Journal, about his book - HOUSE of CARDS : A Tale of Hubris and Wretched Excess on Wall Street.

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.
Comment by Michael Grove on December 9, 2010 at 9:20

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.

.

Comment by Michael Grove on February 13, 2011 at 13:52

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"

Comment by Michael Grove on March 19, 2011 at 14:28

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?

Comment by Michael Grove on October 26, 2011 at 11:46

 

Where do THE REALLY GOOD ideas come from NOW?

 

as of 11/11/2011 - THE very best IDEAS come from HERE
Comment by Michael Grove on January 27, 2013 at 9:28

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 "

                                                                                                                Frederik Bostiak

 

Comment by Michael Grove on May 31, 2013 at 7:19

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.

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