about Enron,
read
http://www.princeton.edu/~rbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdf
it was sincere self delusion leading to perceived as rational honest
fraud, and not simple scam.
2012/7/25 Terry Blanton hohlr...@gmail.com
The equivalent to Enron's Smartest Guys movie about the
Great article.
about Glass-Seagle act, it seems more complex.
First of all, none of the crash that happens were linked to such mix
explicitly.
second it is no more possible to factually separate the two activities,
since there are financial tools that allow to get around the regulation.
Anyway
Alain Sepeda alain.sep...@gmail.com wrote:
about Enron,
read
http://www.princeton.edu/~rbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdf
it was sincere self delusion leading to perceived as rational honest
fraud, and not simple scam.
I agree it was self-delusion. I think that is more
2012/7/25 Jed Rothwell jedrothw...@gmail.com
Alain Sepeda alain.sep...@gmail.com wrote:
about Enron,
read
http://www.princeton.edu/~rbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdfhttp://www.princeton.edu/%7Erbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdf
it was sincere self
-
From: Jed Rothwell jedrothw...@gmail.com
To: vortex-l vortex-l@eskimo.com
Sent: Wed, Jul 25, 2012 10:04 am
Subject: Re: [Vo]:Too Big to Fail movie portrays institutional disaster
Alain Sepeda alain.sep...@gmail.com wrote:
about Enron,
read
http://www.princeton.edu/~rbenabou/papers/Patterns
to Fail movie portrays institutional disaster
Alain Sepeda alain.sep...@gmail.com wrote:
about Enron,
read
http://www.princeton.edu/~rbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdfhttp://www.princeton.edu/%7Erbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdf
it was sincere self
Terry Blanton hohlr...@gmail.com wrote:
The equivalent to Enron's Smartest Guys movie about the 2008
collapse is Inside Job:
http://www.imdb.com/title/tt1645089/
However, it is more of a documentary than a drama.
Yeah. I liked that one too. It was more factual than Too Big to Fail but
Too
They seem like smart, good people who accidentally brought about a
disaster
They did it to make more money for themselves and the bank. They were
obviously ignorant to risk they created for everyone and we are all still
paying for it and will be for years to come. For that, they should have
Chemical Engineer cheme...@gmail.com wrote:
They seem like smart, good people who accidentally brought about a
disaster
They did it to make more money for themselves and the bank.
Well, not everyone in the story was a banker. Some were government
officials. Paulson was an official who had
At the most fundamental level, what makes capitalism work is trust. When a
lender provides capital to a borrower he trusts that the borrower will
repay the debt. Now a days, the lender takes out an insurance policy
(credit default swap) to guaranty the payment of the debt from a
well-capitalized
...@gmail.com]
Sent: Wednesday, July 25, 2012 11:10 AM
To: vortex-l@eskimo.com
Subject: Re: [Vo]:Too Big to Fail movie portrays institutional disaster
Chemical Engineer cheme...@gmail.commailto:cheme...@gmail.com wrote:
They seem like smart, good people who accidentally brought about a disaster
Jed,
I realize they were not all bankers. At least arrest the bankers for
negotiating a worthless instrument(s)...
If they were a captain of a ship in the miliary that sank, they could call
for their own court martial:
Most navies have a standard court-martial which convenes whenever a ship is
Chemical Engineer cheme...@gmail.com wrote:
I realize they were not all bankers. At least arrest the bankers for
negotiating a worthless instrument(s)...
Unfortunately, most of them were not committing any crime. CDOs were not
subject to any oversight or regulations in 2008. You cannot make
to Fail movie portrays institutional disaster
Jed,
I realize they were not all bankers. At least arrest the bankers for
negotiating a worthless instrument(s)...
If they were a captain of a ship in the miliary that sank, they could call for
their own court martial:
Most navies have
Rothwell jedrothw...@gmail.com
An: vortex-l@eskimo.com
Gesendet: 23:15 Mittwoch, 25.Juli 2012
Betreff: Re: [Vo]:Too Big to Fail movie portrays institutional disaster
Unfortunately, most of them were not committing any crime. CDOs were not
subject to any oversight or regulations in 2008. You
*I assume that Romney and the so-called masters of the universe are
sincere. From my point of view, they want another chance to destroy the
economy. They think they are the experts and it must be someone else's
fault, or it was caused by too many regulations, even though CDOs were not
regulated.*
On Wed, Jul 25, 2012 at 7:49 AM, Alain Sepeda alain.sep...@gmail.comwrote:
that is the problem with that theory. people are not realist by nature, but
because of their own investment and their dependencies on others beliefs.
I am reminded of Upton Sinclair's remark that it is difficult to get
BIG QUOTE !
exactly what I have observed in finance, research, and IT.
what Roland Benabou said is even harder since the quote might be :
it is difficult to get a man to understand something, when his
perceived wealth depends upon his not understanding it.
2012/7/26 Eric Walker
I wrote:
What I find most frightening about the 2008 crash in the weightless for
trade . . .
No idea what that means. I think voice input intercepted a conversation on
the telephone and I did not notice.
That is to say, I forgot to turn off the mic when someone called.
- Jed
That is to say, I forgot to turn off the mic when someone called.
Good thing it wasn't your girlfriend! ;-)
T
LOL!
That was funny!
2012/7/24 Jed Rothwell jedrothw...@gmail.com
I wrote:
What I find most frightening about the 2008 crash in the weightless for
trade . . .
No idea what that means. I think voice input intercepted a conversation on
the telephone and I did not notice.
That is to
Bruno Santos besantos1...@gmail.com wrote:
LOL!
That was funny!
It is one of the hazards of modern life, like having someone in the next
stall in the bathroom chatter on a cell phone.
When people like Clarke and Asimov predicted the future back in the 50s,
they anticipated things like cell
Don't know the movie, just read two comments by two people I value (sic!).
Barry Ritholtz and Matt Taibbi.
http://www.ritholtz.com/blog/2011/05/review-hbos-too-big-to-fail/
http://www.rollingstone.com/politics/blogs/taibblog/andrew-ross-sorkin-gives-goldman-a-rubdown-20110607
Ritholtz is sort of
The PBS series Frontline did a 4 part series on the 2008 financial collapse
that was extremely well done. It is available online. Many bankers have
forgotten they work for their customers.
On Tuesday, July 24, 2012, Guenter Wildgruber wrote:
Don't know the movie, just read two comments by two
Chemical Engineer cheme...@gmail.com wrote:
The PBS series Frontline did a 4 part series on the 2008 financial collapse
that was extremely well done.
See also:
NPR, A Show Tune About A Hedge Fund: 'Bet Against The American Dream'
http://www.npr.org/blogs/money/2010/04/americandream.html
The equivalent to Enron's Smartest Guys movie about the 2008
collapse is Inside Job:
http://www.imdb.com/title/tt1645089/
However, it is more of a documentary than a drama. Tells the story well.
T
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