Derivative is the name of the game; Sanctioned by Regan economic plans, supported by Greenspan, chairman Federal Reserve, and collaborated by Presidents, and the Congress ever since, the so called the protectors of public interest; Derivatives have the free legal reign.
The derivative game creates illusions of financial paper products; The products which you can not eat, drink, cloth with, nor the product as a teacher school and educate children, nor as a doctor or nurse doctors and heals the sick; The product makes millionaires, and billionaires who get the tax break; Derivatives are the modern lute for some whether rain or shine.
Ironically when the derivative products are in trouble, the product maker those who caused the trouble get the bailout, and tax break to shine again to sharpen the lute reign.
Do we need to say more about the Regan, and Greenspan legalized and sanctioned lute game?
A time to ponder.................
Thursday, October 30, 2008
Thursday, October 23, 2008
Three Bill Buckners Showed Up Before Congress
Alan Greenspan, Former Federal Reserve Chairman
Christopher Cox, Securities and Exchange Commission Chairman
John Snow, Former Treasury Secretary
The above three Bill Buckners showed up before congress with no refund money for their wild, and irresponsible act that has caused the nation billions of dollars, and an economy on respirator.
Commentary Plus has written several commentaries on the so called Greenspan exuberant behavior that failed to protect the public interest. He did provide in his policies the legal lacuna for some, a significant lute bounty at the cost of a nation, and world economy.
Alan Greenspan's conceding statements with an excuse that forecasting is not a science is no excuse. He failed to protect public interest in policies he recommended and implemented. The policies, in his own words, had a 40% of margin of error. Commentary Plus is glad that Alan Greenspan is not a physician treating patients with medicine with 40% of margin of error. In all probability Mr. Greenspan will be suing his physician treating him with medicine with 40% margin of error, and will be demanding the punitive damages as well.
Is there any recourse left for the public to recover the damages caused by Mr. Greenspan?
A time to ponder...........................
Christopher Cox, Securities and Exchange Commission Chairman
John Snow, Former Treasury Secretary
The above three Bill Buckners showed up before congress with no refund money for their wild, and irresponsible act that has caused the nation billions of dollars, and an economy on respirator.
Commentary Plus has written several commentaries on the so called Greenspan exuberant behavior that failed to protect the public interest. He did provide in his policies the legal lacuna for some, a significant lute bounty at the cost of a nation, and world economy.
Alan Greenspan's conceding statements with an excuse that forecasting is not a science is no excuse. He failed to protect public interest in policies he recommended and implemented. The policies, in his own words, had a 40% of margin of error. Commentary Plus is glad that Alan Greenspan is not a physician treating patients with medicine with 40% of margin of error. In all probability Mr. Greenspan will be suing his physician treating him with medicine with 40% margin of error, and will be demanding the punitive damages as well.
Is there any recourse left for the public to recover the damages caused by Mr. Greenspan?
A time to ponder...........................
Wednesday, October 1, 2008
Physicists Play Wall Street Crape Game
NYT Op Ed dated October 1, 2008 had an article title "This Economy Does Not Compute" by Mark Buchanan, a theoretical physicist.
How exciting? A physicist in a populous role who happens to be a or so to speak claims to be a theoretical physicist. So, what is the probability that a theoretical physicist could become a populous interested in Wall Street economic market speculation? A physicist instead of studying the physical laws becomes interested in studying the economic laws, and cites the collaboration between economist and physicists, a talk of NYT oped. Well, we have to wait and see what kind of hybrid or a genetic mutant this turns out to be.
At the outset, it seems physicists and economists are responding to changing academic institutional token rewards and commercialization. Academic institutions are becoming steadily and surely Wall Street hybrids, if not out right collaborators. Academies provide token rewards for collaboration across academic disciplines, with some unintended collaborative consequences.
Physicist and economists both are humans reared and rewarded in token economic reward and punishment Skinnerian rat model. So, by the virtue of their rearing models it seems it would be probably possible that they have developed propensity to do things which brings them token rewards. This propensity to respond to token rewards, it seems, will propel them to do things academic institution with token rewards wants or for that matter any other institutions wants them to do, in a some what predictable manner.
It is interesting that physicists instead of studying the universal physical laws are responding to study the Wall Street crape game. There must be in the near distance future, if it is not already hear, physicist for wall street professional organization trading on wall street. In a not so distance future, it would be in all probability possible that Rupert Murdock will propose to buy physicists professional organization on wall street in stocks, preferred stocks with dividends and options for common stocks that is.
At the same time, if the wall street is crashing, and future physics students are taking examination in Murdoch Physics Wall Street Hall, the politicians will siphon public funds to save Murdoch private wall street in the name to save physics students and their parents. A treasury secretary will knell, and plead action is better than no action.
A time to ponder.........................
How exciting? A physicist in a populous role who happens to be a or so to speak claims to be a theoretical physicist. So, what is the probability that a theoretical physicist could become a populous interested in Wall Street economic market speculation? A physicist instead of studying the physical laws becomes interested in studying the economic laws, and cites the collaboration between economist and physicists, a talk of NYT oped. Well, we have to wait and see what kind of hybrid or a genetic mutant this turns out to be.
At the outset, it seems physicists and economists are responding to changing academic institutional token rewards and commercialization. Academic institutions are becoming steadily and surely Wall Street hybrids, if not out right collaborators. Academies provide token rewards for collaboration across academic disciplines, with some unintended collaborative consequences.
Physicist and economists both are humans reared and rewarded in token economic reward and punishment Skinnerian rat model. So, by the virtue of their rearing models it seems it would be probably possible that they have developed propensity to do things which brings them token rewards. This propensity to respond to token rewards, it seems, will propel them to do things academic institution with token rewards wants or for that matter any other institutions wants them to do, in a some what predictable manner.
It is interesting that physicists instead of studying the universal physical laws are responding to study the Wall Street crape game. There must be in the near distance future, if it is not already hear, physicist for wall street professional organization trading on wall street. In a not so distance future, it would be in all probability possible that Rupert Murdock will propose to buy physicists professional organization on wall street in stocks, preferred stocks with dividends and options for common stocks that is.
At the same time, if the wall street is crashing, and future physics students are taking examination in Murdoch Physics Wall Street Hall, the politicians will siphon public funds to save Murdoch private wall street in the name to save physics students and their parents. A treasury secretary will knell, and plead action is better than no action.
A time to ponder.........................
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