John S. Reed Interview
Richard L. Schmalensee of the Massachusetts Institute of Technology interviews John S. Reed, the former Chairman of the New York Stock Exchange and the former CEO and Chairman of Citigroup, about causes of the financial crisis, what could have been done, and what he believes are key components of regulatory reform.
Quote:
"The only thing wrong with the democratic process is the failure to use it."
- Seymour Graubard
Did You Know?
From 1996 - 2005, for households earning more than $130,000, the cost of health coverage increased from 2.6 percent of total income to 3.3 percent. While households earning below $27,300, already paying an incredible 14 percent of total income for health coverage, saw their costs rise to 20 percent.
Source: The McKinsey Quarterly
By The Way...
| 36 | have been accused of spousal abuse. | |
| 7 | have been arrested for fraud. | |
| 19 | have been accused of writing bad checks. | |
| 117 | have directly or indirectly bankrupted at least 2 businesses. | |
| 3 | have done time for assault. | |
| 71 | cannot get a credit card due to bad credit. | |
| 14 | have been arrested on drug-related charges. | |
| 8 | have been arrested for shoplifting. | |
| 21 | currently are defendants in lawsuits. | |
| 84 | have been arrested for drunk driving in the last year. | |
| NBA or NFL? | ||
| Neither. | ||
| It's the 535 members of the United States Congress! | ||
Barack Obama Accepts the Democratic Party Nomination
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