Tuesday, December 7, 2010

Fragile, built on faith

Moral: Wherein we look at a missed opportunity that would have dampened high gains (greed), provided oversight to the best and brightest (Lordly Princes), and helped understand better some of the ideological problems of capitalism whose 'casino' is best evidence that this is not the way of reasonable folks, with all due respect for Adam Smith whose ideas have been used for building a Ca-pital-sino (the system migrates to inflationary schemes to the detriment of the people).


What was the missed opportunity? A chance to rein in the bankers.

Essentially, learning that the consequences of nationalizing the banks, at the time, may have been less severe than what we hear the experts argue. Why? The whole system seems to be for the fat cats.

Oh, now we learn that they are 'fragile' (chimera) and 'built on faith' (ours). Yet, pay, again, is coming forward as an issue (those fatties will continue their ways until we wake up).

It was said before, several times, that we missed a big opportunity.
  • Big Ben, again --Remarks, 11/02/2010. Such would allowed time to audit, analyze, pause, listen to the wailing of the fatties, and then restart. There is, folks, no sane argument that says that such an experiment would not have given us a big empirical boost in understanding better the current imbalances.
  • Suckers and sackers --Brief mention of what we might have learned.
  • Big Ben reigns --Thoughts on the subject around the time of the State of the Union speech.
  • Gravy train I -- Asking the question: how else can we get the sucking pumps to cease?
  • Ill-begotten gains -- Noting that what actually happened was a collection of returns gamed with our money.
  • Bankers III -- Since the current bosses showed their lack of clothing, why the hell are they allowed to keep playing their crooked game?

Now, to be aware of the ensuing discussions, what exactly is 'nationalizing' and how would it work? Well, there could have been many flavors. As we move away from the time of the lost opportunity, we can look back at what happened, rue the continuance of the shell games, and talk about possible re-fits that would make more sense.

Thankfully, the forums for this type of discussion are open. What is wrong and what to do about it are not easy issues. Yet, we need to stop and mourn the fact that we did not get to see any other way pursued than that already put into place by the fat cats (who have been given free reign, it seems, to influence the future through their monies).

Those at the top are the 'best' of humanity? Give us a break!

Big Ben got an audit. Isn't that nice?


12/06/2013 -- If only Ben would put a shot across the bow. He's helped the chimera unfold in unhealthy ways. He could, at least, say a mea culpa.

03/11/2012 -- We'll use Alan more this year.

08/05/2011 -- In case there is a need to be more obvious (the meme: the chicken or the egg -- below), which is the oldest profession: head-butt or mate. Note, if you would, that the latter is usually preceded by the former, in many cases.

08/03/2011 -- There are several ways to ponder economics within an evolutionary framework. However, starting with the two (no, not one) 'oldest' professions might be of interest: head-butting (see Remarks 07/29/2011) and, then, that which is usually cast as the oldest. Which came first (the meme: the chicken or the egg)?

04/20/2011 -- Prof Black, UMKC School of law, on the immunity policy. If these guys' thing is so fragile, why the hell do they pull out (greedily - every bank, and financial type, ought to have to take an oath of simple living (proxy for a vow of poverty)) so much money in bonuses and other perks? Jamie, explain that to me, please! ... We'll get back to the nationalization bit, and what it might mean, as we expand the technical framework. After all, the whole definition of money is based upon a governmental view (as Big Ben will tell you). Pursuit of happiness by taking from others was not what the Founders meant (apropos since now the buck is the de facto standard, hence, our principles ought to weigh in).

03/22/2011 -- It's spring, and the garble uses gambling metaphors.

03/16/2011 -- On the rise of the professional politician (will there ever be the citizen polico? that is, those who do not salivate when a buck is passed beneath the nose) toward robber barony. The M & Ms are apropos. As well, need to bring in Schervish's viewpoint.

01/19/2011 -- For the most, things are dire, not by necessity.

01/01/2011 -- One basic problem is that systems are in place, and in development, whose consequences are not scrutinized beyond their ability to fill certain pockets. Oh, let the boys play. Is that the attitude? While, all around, our butts, and those of our progeny for generations, are sliding further into the mud. Way to go, smart guys and gals.

Modified: 12/06/2013

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