It's not going to work for long. Wall Street will take care of it. That's what you don't get. If you accept this kind of small scale, privately financed developments, you accept Wall Street. If it's private, Wall Street will clean its clock as soon the opportunity comes. At the slightest difficulty, they will come with their bridge loans, their convertible bonds and their PIPEs.
It's not going to work for long. Wall Street will take care of it.
That's what you don't get. If you accept this kind of small scale, privately financed developments, you accept Wall Street. If it's private, Wall Street will clean its clock as soon the opportunity comes. At the slightest difficulty, they will come with their bridge loans, their convertible bonds and their PIPEs.
Hmmm...
I think what you maybe miss is that Wall Street is fucked.
Period. Peak Credit.
The only clock they'll be cleaning is the one in their kitchen. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
If you'd run a "where are they now" on all the Enron geniuses, there's a handful in jail but I don't think there are many burger flippers in the remaining cast.
How do you spell "hedge funds"?
E . N . R . O . N
Cheers !
But hedge funds don't CREATE money like Banks do, they just punt it around, and the Bank prime brokerages cream them as they do.
That doesn't mean we haven't reached Peak Credit (and therefore Wall Street is fucked) - in fact it supports the thesis.
And anyway - how many Hedge Funds are on Wall Street ?!! "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Don't worry, everybody takes its cut. And if they don't, they walk away and start over. And when they loose, to quote the immortal words of George Parr, it's not them who will suffer, it's your pension fund.
