Sunbeams Are Free · @JackDeTate
27th Jul 2010 from Twitlonger
Giannini made loans to home & business owners when a demolished Frisco was staggering after the 1906 Quake. His investments helped them back to their feet and brought hope, community and energy to a devistated city on the ropes.
Where are the Gianninis today? Financial houses and wealthy investors continue to ignore national investment priorities and dump their excess cash into risky, speculative flyers. Speculation on financial derivatives and bets on currency stability do nothing to improve our evolving energy crises, create new community jobs or improve quality of life for the general public.
Investors, indifferent to unstable global economic conditions, enjoy exploiting fluctuations as a way to skim money and get out quickly. It's like national interests & long term investments are too passe.