Anyone here could do that, so what are these people paid for? Everyone knew this was a bubble and yet there is no mechanism apparently for dealing with bubbles before they become "too big to burst", no mainstream notion that that would even be desirable - because really it's all bubbles and who are we to discriminate? Is that the idea?
If this is the scienco of economics, just give me back my LSD.
on the flip side to mcmansions with greening pools, we have the third world, dying for lack of shelter.
'virtual' pensions disappear in a puff of smoke here, 4/5ths of the world never had a pension to lose...
apparently in Syria, all business has to be 20% government owned, so regulators and ceo's are 'on the same side'. the arab world already gave us key concepts in mathematics, i have a hunch we're going to get a few lessons in banking next... ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
Further I think government ownership of companies might work in the opposite direction, especially in places like Syria: instead of making business more honest it will make government more corrupt. CEO's and ministers will indeed be on the same side: their own.
Compare this with the very same experience from Fannie and Freddie. Peak oil is not an energy crisis. It is a liquid fuel crisis.
Syria is an... interesting... place. I've heard many crazy stories from people who've been there in connection with Tanganiyka Oil, (recently sold to Sinopec btw). Peak oil is not an energy crisis. It is a liquid fuel crisis.
That's always difficult to impossible to achieve when private companies have a lot of money -> lot of leverage -> lot of influence over politics and bureaucrats. *Lunatic*, n. One whose delusions are out of fashion.
That's always difficult to impossible to achieve
understatement of the millennium!
if you're so smart as to be a clued-in bank regulator, how come you don't come play the game from our side and become rich?
how in heck can we pay regulators enough to be uncorruptible?
i'm agin the death penalty, but i fear it would take a deterrent of that magnitude to deter the kinds of legal (because their game designers are several steps ahead of the regulators and legislators) shenanigans that are reducing trusting citizens to penury. ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
We know roughly the price of a seat in the Danish parliament. Cut that in half and set it as having 100 % rate in a progressive tax scheme. (For added fun, have double the number carry a 110 % tax rate...)
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
