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Ecological Footprint ·

Financial Overshoot

Last week, I gave a talk to the Missouri Association of Public Employee Retirement Systems annual meeting. This was the first time I presented my developing thesis of financial overshoot, which arithmetically accompanies ecological overshoot unless we manage to

John Fullerton·
July 23, 2012 5:46 pm·
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Future of Finance ·

Off-Grid Financing

The ramifications of the Libor scandal—what Warren Buffett glibly called a can of worms that affects the whole world—grow by the day. Criminal indictments of individuals, even if firms are too big to indict, appear to be in the making as the tsunami’s shock waves are about to spread to many of the usual suspects. One can

John Fullerton·
July 16, 2012 3:48 pm·
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Future of Finance ·

Will Barclays’ CEO Surprise Us?

Like Lloyd Blankfein with the Abacus fiasco, and Jamie Dimon with “the whale trade,” Barclays CEO Bob Diamond has an unparalleled opportunity to surprise us this week during his appearance before Parliament to explain the most recent financial scandal involving the systematic manipulation of LIBOR, the benchmark interbank lending rate upon which hundreds of trillions of dollars

John Fullerton·
July 2, 2012 5:48 pm·
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Financial Reform ·

Is Jamie Dimon’s Business First Class?

JPMorgan CEO Jamie Dimon will today, once again, stand before the authors of Dodd-Frank and attempt to make the case for why a $2 billion trading loss was a stupid mistake, not a willful breach of at least the intent of the law. Our representatives who wrote the law should hold him to the standards set by JPMorgan’s own Code…

John Fullerton·
June 18, 2012 6:47 pm·
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Future of Finance ·

Freedom in the Anthropocene

Much needs to change in the Anthropocene, including our willingness to have constraints placed on our precious right to individual freedom. This is particularly challenging for Americans whose country was founded on an Enlightenment-inspired understanding of freedom, uninformed by the advances of modern

John Fullerton·
June 4, 2012 4:04 pm·
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Future of Finance ·

Real Prosperity Starts Here

I spent two days last week in Grand Rapids, Michigan at the “Real Prosperity Starts Here” conference organized by the Business Alliance for Local Living Economies (BALLE). Even though I was only able to attend for a short time, I left re-energized and excited by all I saw and engaged in. The annual BALLE conference, which has for 10 years…

John Fullerton·
May 21, 2012 6:28 pm·
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Future of Finance ·

10 Questions JPMorgan’s Board of Directors Should be Asking

Much has been written about the trading—not hedging—debacle at JPMorgan. Jamie Dimon’s mea culpa is intended to head off deeper questions. No cover-up on his watch—get out in front, be direct, deal with it, move on. Right? Not so fast. JPMorgan’s board has a responsibility to probe more thoughtfully into the uncomfortable truth about

John Fullerton·
May 14, 2012 1:25 pm·
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Efficiency ·

Flawed, Ignorant and Dangerous: A Bain Capital Partner’s Worldview

“At base, having a small elite with vast wealth is good for the poor and the middle class.” This is how Adam Davidson’s piece in the New York Times Magazine summarized the frustrated former Bain

John Fullerton·
May 8, 2012 3:17 pm·
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Financial Reform ·

Is There a Case for Public Banking in America?

Last week I participated in the inaugural Public Banking Institute conference in Philadelphia – not a coincidence, freedom from the tyranny of the banks underscored the program. When I first learned of this idea of state-owned banks as a solution to our economic challenges, I was a real skeptic. Just what we need, our government

John Fullerton·
April 30, 2012 4:49 pm·
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Future of Finance ·

A Letter to the Hopeful Inhabitants of the Anthropocene

A hypothetical letter from the future to today’s global citizens. Written by John Fullerton for the House of Futures In100Y Project and released today on their site. A hopeful vision for the future inspired the founding of the Capital

John Fullerton·
April 16, 2012 12:58 pm·
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Financial Reform ·

Financial Statesmanship for a New Economy

Reactions to departing Goldman derivatives salesman Greg Smith’s “Why I am Leaving Goldman Sachs,” which appeared as an op-ed in the New York Times last week, have ranged from the hyperbolic — Robert Reich’s

John Fullerton·
March 19, 2012 5:18 pm·
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Commodities ·

Update: Commodities are Different (in a “Full World”)

The concern I raised last June that we should enforce the Bank Holding Company Act and not allow the too often irresponsible, gigantic, TBTF and taxpayer-subsidized banks to engage in proprietary physical commodities trading has now been raised in a

John Fullerton·
March 5, 2012 6:34 pm·
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Future of Finance ·

Beyond Firm-Level Sustainable Capitalism

Co-authored by Peter Malik, Director of Center for Market Innovation at the NRDC Generation Investment Management’s recently released white paper calls for a “paradigm shift” to Sustainable Capitalism. It is an admirable and important contribution to the discussion

John Fullerton·
February 27, 2012 5:50 pm·
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Future of Finance ·

Ending the Debate on Keystone

In his February 10th essay, New York Times columnist Joe Nocera asked a simple question: “Can a person support the Keystone XL oil pipeline and still believe that global warming poses a serious threat?” Joe answers “yes,” with

John Fullerton·
February 13, 2012 2:20 pm·
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Future of Finance ·

Finance for Sustainability: The Future of Business Education

I was honored to join Majora Carter, Eban Goodstein, and Elysa Hammond at the launch of Bard College’s new MBA in Sustainability last week to discuss how finance has been a major factor driving our ecological and social crises and how fixing finance must be a part of the solution. The ideas I presented – an all hands on deck,…

John Fullerton·
January 30, 2012 3:41 pm·
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