Q&A: JOHN FULLERTON – Former Managing Director at JPMorgan & Founding Director, THE CAPITAL INSTITUTEWritten on September 18th, 2014
JOHN FULLERTON has spent a career at the highest reaches of the financial world, including as chief investment officer of a division of JP Morgan.
He is the founder and director of Capital Institute, which describes itself as “a non-partisan, transdisciplinary collaborative space, whose mission is to explore and effect economic transition to a more just, resilient, and sustainable way of living on this earth through the transformation of finance.” That’s a big, bold, and daunting mission and I’m eager to learn how they plan to do that and a sense of their progress so far.
JOHN FULLERTON is also principal of Level 3 Capital Advisors, LLC. whose investments are primarily focused on sustainable, regenerative land use, and food, and water issues. Fullerton is the creator of the weekly Blog, “The Future of Finance” on the Capital Institute
Last week I interviewed longtime reporters Don Barlett and James Steele regarding their new book, THE BETRAYAL OF THE AMERICAN DREAM, looking at the relentless economic, financial, and governmental process over the last 40 years to enrich the largest corporations and richest individuals at the expense of the middle class. This week I’ll talk with another wise and experienced Pulitzer prize winner with a long term perspective, HEDRICK SMITH, about his newest book, WHO STOLE THE AMERICAN DREAM?
I don’t think it’s a coincidence nor do I think it’s redundant to turn so soon to the same questions being pursued by another savvy journalist. HEDRICK SMITH had already won a Pulitzer by 1973, the year that the post-WWII boom for the middle class began to wane. Real wages for all Americans had risen pretty consistently from the war years, and have done so almost not at all ever since. I point this out to highlight the fact that Smith has witnessed first-hand the rise and long fall of the middle class and brings that experience to this book and this conversation.
Learn about the alliance between African American faith leaders and the Occupy movement — Occupy the Dream — from two of those who made it happen: David De Graw, one of the central figures in the leaderless and horizontal Occupy/99% movement and Dr. Ben Chavis, longtime civil rights leader, from his youthful days with King, to his leadership of the Million Man March, to his current role in the Hip Hop Summit Action Network. The coalition called a National Day of Action for Martin Luther King Day, January 16, 2012,, with demonstrations in multiple cities nationwide, focusing attention on the injustice visited upon the 99% by a financial elite. You can learn more at occupythedream.org.
DAVID DeGRAW is founder and editor of AmpedStatus.com, as well as OWSnews.org, formerly editorial director of MediaChannel.org, and author of The Economic Elite Vs. The People of the United States.
In 1965, while a college freshman, BENJAMIN CHAVIS became a statewide youth coordinator in North Carolina for the Reverend Dr. Martin Luther King, Jr., and the Southern Christian Leadership Conference (SCLC). As a chemist, he was a founder of the environmental justice movement, then an organizer of the Million Man March, and since he has been CEO and Co-Chairman of the Hip-Hop Summit Action Network, in New York City which he cofounded with hip-hop mogul Russell Simmons.
NYT business reporter Gretchen Morgensen discusses her new book and the corruption of the mortgage lending industry.
July 26, 2011 | Gretchen Morgensen was awarded the Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street and has been on that beat ever since. Her new book, Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon (written with Joshua Rosner), lays out the toxic interplay between Washington, Wall Street and corrupt mortgage lenders that led to the meltdown. It examines how the watchdogs who were supposed to protect us from financial harm were actually complicit in creating the crisis.
Gretchen Morgenson is a business reporter and columnist at the New York Times, where she also serves as assistant business and financial editor. Prior to joining the Times in 1998, she worked as a broker at Dean Witter in the 1980s, and as a reporter at Forbes, Worth, and Money magazines.
SIMON JOHNSON, former chief economist at the International Monetary Fund, is currently Professor of Entrepreneurship at MIT's Sloan School of Management and a senior fellow at the Peterson Institute for International Economics in Washington. He is the co-author of STARTING OVER IN EASTERN EUROPE and co-founder of the blog site THE BASELINE SCENARIO with James Kwak, with whom he also co-authored the new book, 13 BANKERS: The Wall Street Takeover and the Next Financial Meltdown.