Our country is in deep trouble and our politicians are making things worse. It's time for bold new leadership to fix America.
Making Wall St. Safe For Main St.
Our financial system is unsafe at any speed. It's brought the economy to its knees, producing massive unemployment and underemployment. The cause was first and foremost financial fraud. The financial industry, aided and abetted by rating companies on the take, politicians on the make, and regulators on a break, systematically manufactured trillions of dollars of securities that we now call toxic. And we call them toxic, not because they were risky, but because they were phony.
The fraud arose because large parts of the finance business decided to make money the old-fashioned way: by stealing it. When you issue liar mortgages, rate CCC assets as AAA, insure the un-insurable, pay yourself massive and fully undeserved bonuses, shop for compliant regulators, and bribe politicians to change rules -- that’s theft, plain and simple.
My Purple Financial Plan, posted at www.thepurplefinancialplan.org is a simple means to make Wall Street safe for Main Street. With this plan, Wall Street will do Main Street's bidding, not the other way around. Please examine the plan and the list of very prominent policymakers and economists that have endorsed it..