A Modest Proposal

November 20th, 2014 by Joseph S. Fichera 
 The Federal Reserve does not need to break up big banks. There’s a better way to incentivize good behavior. The Wall Street Journal reported on October 20, 2014 that Federal Reserve Bank of New York President, William Dudley,  told Wall Street’s top management to essentially “Shape up or be broken up.” His draconian remarks were prompted by the view that there have been consistent...

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Obama-Biden or Clinton 2012

November 3rd, 2013 by Joseph S. Fichera 
A new book (“Double Down”) says that Obama’s campaign staff explored the option of dumping Joe Biden for Hillary Clinton as VP. No confirmation that Obama knew of the “testing the waters.” What’s most troubling for me is the lack of personal loyalty solely for political/personal gain. It is one thing to ask someone to step aside because of a specific issue that creates...

Chief Justice John Roberts Bipartisan Challenge

July 4th, 2012 by Joseph S. Fichera 
The Democratic party is missing a tremendous chance to change the tone in Washington by not praising Justice Roberts’ bold bipartisan move to support the President’s health care legislation. The Chief Justice put aside the “no prisoners” approach of the Republican party from which he was nominated and grew up in. Judges are to be non-partisan but we also acknowledge the reality...

Gabby’s recovery

January 15th, 2011 by Joseph S. Fichera 
It is 1 week to the hour that I learned of the attack on my friend Gabby Gifford. I find it hard to return to “normal” chats here and elsewhere. But the miracles of prayers with her progress gives us hope. The discussion that has ensued is not about blame. It is about behavior. Those with access to a public forum (indeed a national forum) speak both to the serious and the delirious. They/we...

Words have meaning

January 9th, 2011 by Joseph S. Fichera 
Words have meaning. Gabby’s opponents have been reckless in their use of emotionally charged words and images. Here is a story from CNN that discusses this issue and how Gabby herself warned Palin and others to consider the consequences. We can only hope that Gabby’s personal sacrifice and pain will awaken Americans to stop those who seek to inflame. Let’s not just shake our heads...


September 11th, 2010 by Joseph S. Fichera 
About this time on 9/11/01 two of my colleagues and I had safely walked up the West Side Highway from the WTC. We didn’t leave when the planes hit only when the first Tower went down while we were in the World Financial Center directly across the street. The smoke and debris was difficult to navigate at first but quickly dispersed. As we walked from the site, emergency vehicle after vehicle...

Happy New Year

January 1st, 2010 by Joseph S. Fichera 
Oliver Wendell Holmes once said “Man’s mind, once stretched by a new idea never regains its original dimension.”  I am just ending 3 days of seminars and panels at Renaissance Weekend in Charleston.  Humbling to realize how little I know and enthused by everything I learned. Happy new year, new decade and to the new ideas… and energy we have to make a difference.

World peace is not an achievement but a process.

October 10th, 2009 by Joseph S. Fichera 
President Obama just received the Nobel Peace Prize. As Americans, we pride ourselves on being the most powerful nation on earth. It is both joyous and sobering that one person, our president, can affect the world order with either action or attitude. A clenched fist can become an open handshake in an instant. World peace is not an achievement but a process.