The culmination of faux regulation, debt ceiling debates, derivatives growth and the ever-expanding Federal Reserve books will provide lots of volatility for which the White House will be caught unprepared. We need banking reform ala Glass-Steagall. Anything less is an exercise in political posturing and regulatory futility.
Jessica is a social entrepreneur focused on empowering others through entrepreneurship and access to capital. She currently serves as a Venture Partner with the Collaborative Fund, focused on investing in creative entrepreneurs who want to change the world through emerging technologies.
The myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited. The social changes taking place in America’s working class result from sharply rising inequality, and are not its cause.