>>> [EMAIL PROTECTED] 08/23/01 01:13PM >>>
>
> If , in fact, LTCM was not allowed to take the fall when its bet
failed , then it did not take a risk initially. Risk means that a
chance is taken of a negative outcome. If when the negative outcome
arises, the "risktaker" is not required to suff
- Original Message -
From: "Charles Brown" <[EMAIL PROTECTED]>
> > CB: If ex post it didn't take the risk, then it didn't take the
> risk. The ex ante risk was an illusion.
> ===
> No. That's too teleological and smacks of post hoc ergo prompter hoc
>
>
>
> CB: The philosophi
>>> [EMAIL PROTECTED] 08/22/01 04:17PM >>>
>
>
> >>> [EMAIL PROTECTED] 08/22/01 02:12PM >>>
>
> > ((
> >
> > CB: Since it was bailed out when it lost its bet, LTCM was taking
> zero risk. It was the opposite of a high risk taker , yet it is
> "rewarded" the most of all because it claim
- Original Message -
From: "Charles Brown" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Wednesday, August 22, 2001 12:11 PM
Subject: [PEN-L:16184] Re: WB/IMF reconstructing capitalism yet again-
!!??
>
>
> >>> [EMAIL PROTECTED] 08/22/01
>>> [EMAIL PROTECTED] 08/22/01 02:12PM >>>
> ((
>
> CB: Since it was bailed out when it lost its bet, LTCM was taking
zero risk. It was the opposite of a high risk taker , yet it is
"rewarded" the most of all because it claims to take risk.
>
> (((
===
Ex ante it took the risk.
> ((
>
> CB: Since it was bailed out when it lost its bet, LTCM was taking
zero risk. It was the opposite of a high risk taker , yet it is
"rewarded" the most of all because it claims to take risk.
>
> (((
===
Ex ante it took the risk. Ex post, the risk was diffused. Socialism of
>>> [EMAIL PROTECTED] 08/22/01 04:00AM >>>
Spinoza and Marx would love the above; if the CB can create $ ex
nihilo and risk is ultimately going to be socialized then what is the
justification for the allocation of the rewards to those who don't
bear the risks because they can displace them o
- Original Message -
From: "Steve Diamond" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
> Ian,
>
> Really, you can't back down now... you were the one who introduced
the piece
> by referring to "reconstruction", after all.
=
What? No playful provacativeness in the headers anymore? :
Steve Diamond wrote:
>
> Re:
>
> Forget Locke? From Proprietor to Risk-Bearer in New Logics of Finance
>
> Bill Maurer..
>
> [snip]
Who is Bill Maurer? In what post from whom was he introduced? What is
this post about?
Carrol
> At 21/08/01 21:41 -0700, Ian wrote:
>
> >He does go into how one
> >material medium's relation to time--paper--affected the bundling of
> >asset streams and how computer programs for bundling, unbundling
and
> >rebundling in the quest for the dream of liquidity and mar
Ian,
Really, you can't back down now... you were the one who introduced the piece
by referring to "reconstruction", after all.
In any case, let's look at what Maurer himself says: since he thinks
finance "discourse" is not understandable on its own terms -
"Securitization, thus, is not obvious
At 21/08/01 21:41 -0700, Ian wrote:
>He does go into how one
>material medium's relation to time--paper--affected the bundling of
>asset streams and how computer programs for bundling, unbundling and
>rebundling in the quest for the dream of liquidity and market clearing
>
- Original Message -
From: "Steve Diamond" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Tuesday, August 21, 2001 9:28 PM
Subject: [PEN-L:16149] WB/IMF reconstructing capitalism yet again -
!!??
> Re:
>
> Forget Locke? From Proprietor to Risk-
Re:
Forget Locke? From Proprietor to Risk-Bearer in New Logics of Finance
Bill Maurer..
God forbid that postmodernism should try to take on global finance. I don't
know who this guy is, but he doesn't know a lot about the global capital
markets. For example, "securitization" and "secu
Forget Locke? From Proprietor to Risk-Bearer in New Logics of Finance
Bill Maurer
Recent debates on globalization are frequently thin with details of
the mechanisms that facilitate the flow of capital across borders.
What on-the-ground, back-office practices constitute and expedite
those flows?
15 matches
Mail list logo
