Notes &
Our future well being depends more on people like Steve Jobs who invent real products that can improve our lives, than it does on people like Jamie Dimon who invent financial products that do little other than threaten our economy.
Rob Reich, you are channeling me.
He adds:
So why is the FTC nosing around Apple and not around Wall Street? Because the Federal Trade Commission Act allows the agency to stop “unfair methods of competition” almost anywhere in the economy except in the financial sector. Banks are explicitly excluded.
Our politicians are confused. Regulatory zeal ought not be dispensed indiscriminately. Wall Street is messed up. Fix Wall Street.
Robert Reich (Apple Isn’t the Problem. Wall Street’s Big Banks are the Problem.)
