Yesterday’s JPMorgan shareholders meeting was “pretty tense”, according to Lisa Lindsley who attended the meeting in Tampa. Lindsley is the director of capital strategies at the American Federation of State, County and Municipal Employees pension plan. In a radio interview with me yesterday Lindsley said that it was obvious that…
We need more financial regulations…not less
The story below is must read for all, especially those who think financial reform (Dodd-Frank) went too far. To all those in Congress who want to repeal Dodd-Frank, here’s the story about the big banks you are defending and why Dodd-Frank didn’t go far enough. Bloomberg11-28-11 Secret Fed Loans Gave…
The 1% and 99%
I’m still in Seattle so just a quick note. I met a self-proclaimed member of the 1%. I told him I had no problem with the wealthy but just wanted corporate dominance in politics and financial matters to end so that small businesses could have a fair shake. He told me…