Monday, October 20, 2008

Endless insanity

One might blame recent actions (of the Fed and Treasury) on the fact that this is an election year whose resolution is quickly approaching. Why the use of insanity?

Well, the real-time experimentation (by the Fed and Treasury) continues based upon a gab-standard. Those who got us in this mess like to use 'financial engineering' as their chief flag to salute. Hah!

Well, we do know better than that. That so much has been spent in bolstering up the infrastructure for the gaming and in putting our taxpayers money in the game could be seen as really troublesome. But, it's only money; yet, the lives of real people are impacted by the decisions of the few.

Has it ever been different? Well, no. But, the problem now is that technology exacerbates the effect; too, the gaming ontology is technologically based and unstable.

It really can only provide fraud power to the new colonialists through more types of fairy dusting.

Where is the science? Ben Stein reminds us that Paulson pushed junk bonds, making oodles doing so, to boot.


07/31/2013 -- Ben cannot unwind or taper downhe has too many Doves.

08/04/2012  -- Over five years, we had a lot of side trips. We'll try to focus more. BTW, Rumsfeld has recently had his say.

04/19/2011 -- We have to get back to the basics.

11/04/2010 -- Big Ben is still putting us at risk and trashing the savers.

08/27/2009 -- Madoff exemplifies (albeit somewhat indirectly) systemic risk.

01/29/2009 -- Earlier, there were some words put here about Truth, Fiction, and Finance. Well, pick up the 1/28/09 Wall Street Journal and look at an article about a 'proliferation' of ponzi schemes. We all know about Madoff as he mis-handled a lot of moeney over a long period of time. But, a lot of states are finding that they have a madeoff/ponzi going on within their borders. How much of finance is a sham?

The WSJ mentions that the hedge funds' claims to high returns is one possible cause as people try to duplicate that. Sort of a Jones' keep up thing, we can suppose. Well, a reading of hedge fund tacits raises all sorts of suspicions to the rational mind. Just how legit are these things and why are they even allowed? Are we that much into some mass insanity?

12/17/2008 -- Too, many factors lead to things like made-offing and other schemes.

Modified: 07/31/2013

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