Two great books for any market reformer. Regular readers of this blog come from remarkably diverse backgrounds, but seem united by at least one shared experience: the act of having examined some aspect of our capital markets only to conclude that much of what the world has accepted as fundamental simply does not make sense.
Regulators refusing to regulate. Investigative reporters unwilling to investigate. Villains praised as heroes. Heroes marginalized as villains. Fact derided as fantasy. These are all symptoms of a financial system that is beyond broken…even beyond unhinged. If you can relate to this feeling, then take heart. For all their differences of artistry and scope, in the end these books tell the stories of remarkably relatable individuals confronting the unpopular realization that large and seemingly trustworthy institutions were getting rich by playing the rest of us for fools and making mockeries of the markets in which they operated in the process.
Fortunately, I don’t have to pick one book over the other. Bill Moyers Journal . Transcripts. April 16, 2010 BILL MOYERS: Welcome to the JOURNAL. With all due respect, we can only wish those tea party activists who gathered this week were not so single-minded about just who's responsible for their troubles, real and imagined. They're up in arms, so to speak, against big government, especially the Obama administration. But if they thought this through, they'd be joining forces with other grassroots Americans who will soon be demonstrating in Washington and elsewhere against high finance, taking on Wall Street and the country's biggest banks. The original Tea Party, remember, wasn't directed just against the British redcoats. It may seem a stretch from tea to credit default swaps, but the principle is the same: when enormous private wealth goes unchecked, regular folks get hurt - badly.
Suppose the Tea Party folk had dropped by those Senate hearings this week looking into the failure of Washington Mutual. SEN. SEN. DAVID BECK: A very real possibility. SEN. DAVID BECK: That's right. Op-Ed Contributors - The End of the Financial World as We Know I. Start My Own Business Ideas. Even if you already have a local business you need to be on the Internet. * Your competition is getting on the net. * Google maps now points out local businesses. * All the search engines are starting to reference local business in a more logical manner. * Your customers use the net to get information. * Did I mention your competition is on the net or thinking about it?
There is a learning curve to getting effective net coverage.