Diary

Hey Lookie, More Political Payba --- Hey Lookie, More Recess Appointments.

“I am confident that these highly qualified men and women will greatly serve the American people as they work to improve financial literacy and promote services that will benefit consumers.  I look forward to their sound advice on these issues as we work together in the months and years ahead.”

The Council will provide advice to the President on promoting and enhancing financial literacy and capability among the American people. This effort is important to help keep America competitive and assist the American people in understanding and addressing financial matters, which contributes to our national financial stability. The Council has been tasked with a number of charges, including advising the President on: financial education efforts; promoting financial products and services that are beneficial to consumers, especially low- and moderate-income consumers; and promoting understanding of effective use of such products and services.

It’s called The President’s Advisory Council On Financial Capability and before the players take the field, here’s the starting lineup and their batting averages straight from the team mascot and ball boy manager and his coaching staff.

And what a stellar line up it is indeed.  Some of the real heavy-hitters of the world champion community organizers and securiers of low-income loans, along with several amazing tossers of words, throwers of platitudes and true genuflectors behind the dish that is government largess.

We’ll send it over to our on-field announcers for the introductions…… Take it away Keith, Chris, Ed and Rachel !

Chair: John W. Rogers, Jr. is the Chairman, CEO, and Chief Investment Officer of Ariel Investments, a firm he founded in 1983 to focus on undervalued small and medium-sized companies.  Mr. Rogers currently serves as a board member of Aon Corporation, Exelon Corporation and McDonald’s Corporation. Additionally, he is chairman of the Economic Club of Chicago, a director of the Chicago Urban League, a trustee of the University of Chicago, chairman of the board of trustees for the University of Chicago Laboratory School, and a member of the board of the John S. and James L. Knight Foundation, where he chairs the investment committee.

Vice Chair: Lorraine Cole is currently an executive management consultant and served as the CEO of YWCA USA from 2006 until 2010. Prior to the YWCA, Dr. Cole led the Black Women’s Health Imperative, and was the Executive Director of the National Medical Association.

Roland Arteaga is the President and CEO of the Defense Credit Union Council (DCUC), a position he has held since 2000. In this capacity, he represents the interest of credit unions operating on military bases worldwide, serving as their primary liaison and conduit to the Pentagon.

Ted Beck is the President and CEO of the National Endowment for Financial Education (NEFE).  He is a former member of the President’s Advisory Council on Financial Literacy, and currently serves on the FDIC Advisory Committee on Economic Inclusion, and the board of the national JumpStart Coalition for Personal Financial Literacy. Prior to his appointment at NEFE, Mr. Beck served as Associate Dean of Executive Education and Corporate Relations at the University of Wisconsin-Madison School of Business, and previously spent more than 20 years in senior management positions for Citibank/Citigroup.

John Hope Bryant is the founder, Chairman and CEO of Operation HOPE, a nonprofit founded in 1992 that focuses on financial literacy and providing financial services for the underbanked in 70 U.S. communities and South Africa.  He is also the co-founder of Global Dignity and a member of the Forum of Young Global Leaders for the World Economic Forum and the Global Agenda Council for the World Economic Forum.  Mr. Bryant served as the vice chair of the President’s Advisory Council on Financial Literacy (PACFL) and as the chairman of PACFL’s Committee on the Underserved.  He is also the author of “Love Leadership: The New Way to Lead in a Fear-Based World.”

Samuel T. Jackson is the Founder, Chairman, and CEO of the Economic Empowerment Initiative, Inc., founded in 2001. He is a member of the Board of Directors for the Southern Regional Council, National Association of African-Americans in Human Resources-Atlanta Chapter, Ryan Cameron Foundation, and Georgia Council on Economic Education. Mr. Jackson was honored with the Martin Luther King, Jr. Community Service Award by Emory University’s Goizueta Business School and Rollins School of Public Health for excellence in community innovation and change.

Richard Ketchum is the Chairman and CEO of the Financial Industry Regulatory Authority (FINRA).  Prior to joining FINRA, he was CEO of NYSE Regulation, Chief Regulatory Officer of the New York Stock Exchange and General Counsel of the Corporate and Investment Bank of Citigroup, Inc.

Beth Kobliner is a personal finance commentator, journalist, and author of the New York Times bestseller Get a Financial Life: Personal Finance in Your Twenties and Thirties. She has written on all aspects of personal finance for a range of publications, including Money magazine, The New York Times, The Huffington Post, Parade, Glamour, and Redbook. Ms. Kobliner has a regular segment on public radio’s The Takeaway, a program produced in partnership with the BBC World Service and The New York Times. She has been a repeat guest on The Oprah Winfrey Show, CNN, CBS, NBC’s Today Show, NPR, and PBS.

Addison Barry Rand is Chief Executive Officer of AARP, a nonprofit, nonpartisan organization with a membership that helps people 50+ have independence, choices and control in ways that are beneficial and affordable to them and society as a whole. He has served as Chairman and Chief Executive Officer of Avis Group Holdings, Chief Executive Officer of Equitant Ltd., and Executive Vice President for Worldwide Operations at Xerox Corporation. Mr. Rand has served as the Chairman of the Board of Trustees at Howard University since 2006 and has also served on the boards of the Urban Family Institute, the Congressional Black Caucus Foundation and the Garth Fagan Dance Theatre. In 1993 he was inducted into the National Sales and Marketing Hall of Fame and is a recipient of the NAACP Image Award.

Amy Rosen is President and CEO of the Network for Teaching Entrepreneurship (NFTE), a global non-profit which provides programs designed to inspire young people from low income communities to succeed in school and in life by seizing educational opportunities and starting their own businesses. For over a decade, Rosen has worked on issues confronting the United States public education system as a Fellow at the Broad Urban Superintendents Academy and as the Chief Operating Officer for New Visions for Public Schools. Rosen also served as a Presidential Appointee to the Amtrak Board of Directors, Vice Chairman of the NJ Transit Board of Directors, Deputy Commissioner of the NJ Department of Transportation, and Senior Vice President of Lockheed Martin Information Management Services.   Rosen currently Chairs the Board of TEAM SCHOOLS, the network of KIPP Charter Schools in Newark.

Carrie Schwab-Pomerantz is president of the Charles Schwab Foundation, a private, nonprofit organization funded by The Charles Schwab Corporation, whose mission is to create positive change through financial education, philanthropy, and volunteerism.

Kenneth Wade is the CEO of NeighborWorks America, a national non-profit organization that supports over 3,000 community based organizations by providing technical assistance, financial assistance and training. In January 2011, he will join Bank of America as a Senior Community Affairs Executive. Mr. Wade has more than 35 years of experience in community development, and serves on the Bank of America National Community Advisory Council, the Board of Trustees of the National Housing Conference, the Board of Directors of the National Association of Affordable Housing Lenders, the Board of the National Human Services Assembly, and the Board for the National Housing Counseling.

Play Ball !

Kenny Solomon
Patriot Guard Riders
Standing for those who stood for us.