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Gillian Tett Keynote Remarks at CED Economic Summit (Part 1)

Are Americas Economic Policies Sustainable? CED Economic Summit in New York City. The regulators weren't on the pews, they were handing out the hymn books. Still are...

Good analysis. She appeared last night on Newsnight (with Hugh Hendry) to point out that the cockpit is still thick with the sound of the same hymns as the plane heads towards the cliff face again.

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Comment by Michael Grove on April 2, 2011 at 8:35

An interview with Naomi Klein. Part One:

“…that world view is killing us and needs to be replaced with another world view…

Comment by Michael Grove on October 26, 2011 at 10:00

Where do good ideas come from?


as of 11/11/2011 - THE very best IDEAS come from HERE
Comment by Michael Grove on January 27, 2013 at 10:05

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 7:23

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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