Archive for November, 2011

  • The Wisdom of Melville

    November 28th, 2011 by John Fullerton

    “If your banker breaks, you snap.” – Herman Melville, Moby Dick During the summer between the day I resigned from JPMorgan after eighteen years, and the horror of witnessing 9-11 up close and personal, I joined a couple of friends on their fifty foot sailboat in an attempt to sail across the Atlantic Ocean. What better time to >> Read more

  • The Joint Chiefs of Staff and OWS… Who Knew?

    November 21st, 2011 by John Fullerton

    Last week, I had the privilege of meeting Colonel Mark (“Puck”) Mykleby, recently retired from the US Marine Corps.  Puck was a “Top Gun” pilot, and finished his military career working in the Office of the Chairman, Joint Chiefs of Staff, as a senior advisor on strategy reporting to Admiral Mike Mullen, Chairman of the Joint Chiefs. >> Read more

  • Financial Collapse: It’s Only Natural

    November 14th, 2011 by John Fullerton

    What does the collapse of MF Global, the Euro crisis, the sub-prime mortgage crisis, the collapse of Fannie Mae and Freddie Mac, and the 1998 collapse of Long Term Capital Management all have in common? Certainly these crises all shared the following characteristics: too much leverage, lack of transparency, inadequate regulatory oversight, agency problems of misaligned incentives, >> Read more