A New Social Contract
The Fourth Turning: Out of Crisis, a New Social Contract
If you read one book this year, let it be The Fourth Turning: An American Prophecy by William Strauss and Neil Howe. Published in 1997, it is truly a prophecy. One that gives us perspective and much to think about. Perhaps a sense of direction, if we choose to use the political and Covid crises as silver…
Read MoreAfter the 2020 Election: Break Up TBTF Banks
Congress dodged the issue of breaking up the biggest banks after the financial bubble’s final 2008 collapse. Protecting the essential roles of traditionally commercial banks — lending, deposit-taking, and operating the payments system — was prevented by politics. Proprietary trading and a few investment banking activities were circumscribed, and new TBTF derivatives clearing houses were…
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