letters and counting!
I am writing to you, because I want to better understand what you are doing for our country. I’m hoping that you, your board, and the executives are just misunderstood, but I can’t really find any nice news articles about you. Here’s what I have been thinking about recently: Don’t you think it’s kind-of ironic that the people who invest in others get paid more than those who actually create content? I realize that those jobs help others a little bit, but not as much as the millions per year that I heard you’re getting. Adversely, it inhibits our nation’s ability to create creative content, because there is a gross lack of incentive. I’m not sure why being part of a bank makes you more financially important than the teachers, doctors, artists, and writers out there. (It’s really a similar problem with sports players and owners, to be honest. The only difference is that they provide entertainment for a wide audience as well as take people’s money.) Finally, I am hoping to hear your perspective on the recent arrests of those who tried to close their bank accounts at Bank of America. This is really just a small portion of the problem with our system that interests me. I did not want my first letter that reaches out to you to be too long, because I’m sure you’re a very busy person. I only want to take a moment of your time; I would love an open discourse, and maybe even a job! As an artist and graduate in English Literature from Grinnell College, I value transparency, in addition to our country’s history, future, and ideals. I do believe that we can make this country much better with a lot of effort. It can be done; we just need to show everyone that we are willing to try. Hope this message finds you peacefully, in good spirits, and that you’ll write back to me. Sincerely, Patrick Kijek Note: I am just trying to do my part as a concerned citizen. If you have been pestered or harassed with this in any way, know that I was not a part of that process and should not be responsible for any possible negativity. I would love to be an example of how writing constructively between one another can have a positive effect for the people. If anything bad is going to happen to me from the delivery of this letter, I would prefer it never to be sent.
Ms. Sally Giles | 0
What did your grandfathers do for a living? If he was just a regular working guy like the 99%, he would now NOT be able to offer his family the security that his children (that would be your parents) had. That would be the security of knowing that their school district had the funds to pay teachers, that your local hospital will be able to keep its doors open, that the roads and bridges that carry his family from work and school are safe, and all the things that the post war generation had. Again, I ask you, what did your grandfathers do for a living? If he was one of what is now the 1%, he had employees that were educated at the taxpayers expense, he enjoyed medical advances that came from research provided through public funds, enjoyed an isolation from the rest of the world’s woes because the working man went to war while he stayed behind to run his business. I really want to know. What did your grandfather do for a living?
The banking crisis came to a crisis in 2007-2008 but it has been building for decades. In part this is because the capitalist market economy only works well for those economic activities that lend themselves to making money profits, and does not work at all top satisfy critical socio-economic needs in the most efficient way. Clearly the capitalist has worked better than the communist system … but does that mean that it is working very well? I think not! I want to see the capitalist market economy evolve into a value market economy (#NuVME) where the goal is not only about maximizing money profit, but also creating value for society. For this to work money accounting also has to evolve to include the debit and credit of value flows and the reporting of valueadd. I call this system of metrics TrueValueMetrics (#TVM) TVM has some characteristics that all accountants will recognize, but there are differences. (1) In the main, money accounting is done with an organization the reporting entity. In the TVM system, the community (a place) is the reporting entity and organizations and their economic activities are subsidiary to the community. (2) In money accounting everything is done using money units. In TVM the metric is value. Most argue that value is subjective, difficult to quantify and therefore should not be used. TVM argues that value is central to quality of life, and its subjectivity and variability is part of its importance. We solve the problem of quantification just as one does in cost accounting with standard costs, and use in TVM a set of standard values. (3) In money accounting there is a balance sheet and a P&L account. Profit is also the change in balance sheet from the beginning to the end of the period. The same applies in the TVM system. There is the State of the community, its progress and its performance. The State or balance sheet of the community is based on the values associated with the community and is a measure of quality of life. Progress is how the state of the community changes from the beginning to the end of the period. Performance is about how much resources are consumed in order to achieve progress. As the former President of the World Bank you are well aware of the huge challenges faced by our global society … but I am optimistic. The capability of technology is millions of times more than when I started my career, so a system of socio-economic resource management that is value based can change a lot in ways that I believe Adam Smith would endorse. My guess is that the #OWS movement is going to get some really interesting ideas in play that will rewrite much of what is now conventional wisdom. I hope so, and I will help all I can, and I hope that leaders in our current socio-economic order will help as well. With regards Peter Burgess @truevaluemetric http://truevaluemetrics.org
It's me again... | 0
Hi Mary: So glad to be reaching out to you again. I am heading off to bed tonight and tucking in my little one and I just can’t help thinking about the bed-time routine at your house. Do you have a couple of glasses of wine and a sleep aid to help you sleep at night? I am sure you have watched as those you employ, as well as your landscapers, the people who pick and process your food, those who pave the streets you ride on and build the car you drive…everyday people, have lost so much covering for your industry’s ineptitude. It’s not too late to quit in protest and save any shred of integrity you may have left. Give those who work with you an opportunity to do the same by organizing a massive resignation action. Please leave that snake pit before its too late, Mary! But, do us 99% a favor and grab anything of value you could sell to get us our cash back on the way out. Good night for now Mary. I’ll write you again tomorrow.
You have not shown yourselves to be concerned citizens of the USA. Your actions have been totally focused on your own financial gains. Being a citizen of the USA means you are morally obligated to help your fellow citizens as part of the "we society" without whose combined help you could never have become one of the wealthiest people in the USA. Norma Odell Chico, CA 95928-3914
Time is now !time is now!we should clos eour bank account with those who support the 1% and transfer the$$$to credit union bank Richard Gilles 11590
We should stop buying,support and falling in their game plan . By not supplying what they like,the attitude will change; when the quarter will ended ,believe me the approach will be different. Their pocket is the only thing they worry about, let's cut a hole in it . Richard Gilles 11590
Due to budget cuts, THE LIGHT AT THE END OF THE TUNNEL HAS BEEN TURNED OFF! Shmucks, join the human race-do something novel-become good citizens! mimi harris chicago, IL 60660