Posts Tagged ‘American Dream’

Wylys - What Were They Thinking?

Wylys – What Were They Thinking?

By The Banker | Blog Posts, How Not To Invest, Texas

I’m fascinated by the psychology of Dallas-based entrepreneur Sam Wyly, recently ordered to disgorge $1.1 Billion for maintaining an extensive offshore scheme that led to convictions and penalties for securities fraud and tax evasion. I’m interested in knowing: What the heck was he thinking? I mean, I gather Sam was motivated to not pay too [&hellip

Book Review: Plutocrats - The Rise of the New Global Super-Rich and the Fall of Everyone Else

Book Review: Plutocrats – The Rise of the New Global Super-Rich and the Fall of Everyone Else

By The Banker | Book Reviews, Inequality

A recovering banker should engage in conversation about the ongoing income and wealth disparity between the very top and the rest of US society – among the top 10 important economic topics[1] for all Americans. Chrystia Freeland takes on this topic directly with her useful analysis in Plutocrats: The Rise of the New Global Super-Rich and [&hellip

Interview Part II: A Member of the 1% on Mitt Romney and the Death of the American Dream

Interview Part II: A Member of the 1% on Mitt Romney and the Death of the American Dream

By The Banker | Audio Posts, Inequality

Please click above to listen to full interview. I continue the conversation with Jim, a member of the 1% who made his career in advertising to the high-end consumer, and who has studied the stratification of America professionally.  We spoke about the problem Mitt Romney will have portraying himself as a “Job Creator,” the disappearance [&hellip