Joe Sibilia, CEO of CSRwire interviews several influential speakers at the 2010 SRI in the Rockies. The series is produced by First Affirmative Financial Network in partnership with CSRwire. Plan to join investors and investment professionals from the U.S. and around the world November 18-21, 2010 at the 21st annual SRI in the Rockies Conference at the JW Marriott Hill Country Resort & Spa in San Antonio, Texas.
Also of interest, Simon Johnson, a former chief economist for the International Monetary Fund and author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, says the recently passed Dodd-Frank Financial Reform Act does little to prevent the biggest financial risk of our time — banks that are becoming “too big to save,” either because potential losses could overwhelm government resources, or the public will refuse to sanction another large bailout. Either way, the world economy could crash. But preceding any crash, watch for a worldwide “meta-boom.”
Nobody in my mind can be taken seriously if they wish to discuss bringing the U.S. debt under control unless and until they’re willing to deal with these financial sector issues that again threaten to completely destabilize both our economy and the fiscal soundness of the government.
Watch the interview with Knowledge@Wharton. The Coming Meta-Boom and Meta-Bust — One Economist’s View (10/13/2010)