OWS and all its participants, supporters, and sympathizers need to band together with a clear call to action: “Challenge Wall Street.” Challenge Wall Street to take their considerable capabilities and direct them toward the Main Street businesses of America. A few thousand large corporations, for years, have benefited from high finance. Increased accesses to capital, …
"One would think that the Democratic establishment’s embrace of Occupy Wall Street would preclude these politicians from fraternizing with those whom the protesters are directing their anger toward. But that doesn’t seem to be the case." The above quote was taken out of this piece from The Weekly Standard. It perfectly illustrates a dangerous misconception that …
Mortgage backed securities (MBS), credit default swaps (CDS), and collateralized debt obligations (CDO) all sound like dirty words these days. It’s tough to argue against these sentiments given their contribution to the financial crisis. While obviously a MBS or CDS couldn’t single handedly collapse the entire system, these innovations that bundled and redirected risks provided …
From CNN Money: Why Occupy Wall Street Isn’t About a List of Demands This CNN Money article argues that lacking focus is not a problem for ‘Occupy Wall Street’ because it’s primary goal is to get attention. While this is somewhat true, an opportunity is being squandered by lacking a message: The protests have been effective …
Dam Wall Street: Making Wall Street work for Main Street Read More »
Have you ever gotten pissed at your car for not starting when you were running late for a meeting? Or maybe it was your coffee maker for brewing a room temperature pot? When they don’t do what they’re supposed to, even inanimate machines will incite emotions like anger, rage, or contempt; things that are usually …
Last Thursday the National Middle Market Summit kicked off. Bankrolled by the likes of GE Capital and Fed Ex, “Leading from the Middle” attempted to bring more visibility to the ‘mid-market companies’ defined as firms with revenues between $10 million and $1 billion. Among the A-list speakers were GE CEO and Obama ‘Jobs Czar’ Jeff …
From The Wall Street Journal: Spotlight Shines On Mid-Sized Firms Are mid-sized firms the ignored middle child of the US economy? That’s what this recent WSJ article argues; and it highlights a new summit going on at Ohio State this week. The “Middle Market Summit” is being bankrolled by a number of large companies (GE and …
