<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>On Oct 10, 2017, at 3:23 PM, William Flynn Wallace <<a href="mailto:foozler83@gmail.com">foozler83@gmail.com</a>> wrote:</div><div><br></div><blockquote type="cite"><div><div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">From The Week:</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">by Rana Foroohar NYT</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">Lending to Main Street (not sure I understand all of the metaphor) comprises 15% of the business of the big NY banks. The rest 'exists in a close loop of trading' and corporate deals that works solely to enrich the already rich.</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">The financial industry provides 4% of America's jobs and takes home 25% of the corporate profit pie.</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">When I first got a job teaching at a college I walked into the local bank, locally owned and asked for a loan to buy a car. My loan officer, the president, asked his secretary for the paperwork, filled it out and told me to call when I knew what I was buying.</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">No history of my finances required. All he knew was that I taught at the college.</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">Do we even have local banks any more, so that we can take our money away from the big banks that use our money to play games with it?</div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">Does this dispel the myth that if you raise taxes on the rich you hurt their ability to create jobs, trade, factories, etc.?</div></div></div></blockquote><br><div>I think it's fanciful to believe the corporate ruling class will somehow harm itself for everyone else's benefit. Have a little faith. Whatever reforms may come will be tailored to their desires not yours.</div><div><br></div><div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);">Regards,</span></div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);"><br></span></div><div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);">Dan</span></div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);"> Sample my latest Kindle book "Sand Trap":</span></div><div style="line-height: normal;"><font color="#000000" style="background-color: rgba(255, 255, 255, 0);"><a href="http://mybook.to/SandTrap" style="background-color: rgba(255, 255, 255, 0);">http://mybook.to/SandTrap</a></font></div></div></div></body></html>