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The drieuxster's Happy Land
 
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Friday, October 16th, 2009

Time Event
8:37a
I wish I had a position here.
Intractability of Financial Derivatives - Andrew Appel offers an interesting, and scary, awareness that the derivatives game is not only fungable, but, well, massively corruptible.

If you have the time, click on through and review the big scary.

The short story is that in theory folks could be able to check all of the assets in a given CDO, or CDO like asset, to make sure that each asset in the various tranche's conforms to some notion of standard, or standard of value. But that way seems to upEnd the apple cart about CDO' offering a transparency, in which the whole is presumed to be safe enough.

Ah yes, what if there were more than a few issues in the shadow banking system, that have yet to be brought out into the light, disinfected, and put back on the road to a healthy banking system.

What if there is more than one EnronIzer willing to game the system for short term profit over long term economic stability and soundness?
6:19p
More Clear And Compelling Proof of the need to end Civilian Horror Story
Using her giant platform on the Web, Arianna Huffington’s call for Vice President Joseph R. Biden to resign over his reservations on Afghanistan strategy is certainly generating buzz and fueling the left-leaning angst over any escalation of troops in the region.
[ cf Arianna Huffington: Biden Should Resign? ]
What clearer proof can be presented that we must move beyond the failed days of failed liberalism and it's failed civilian government, and embrace the New And Improved newWorldOrder of the All Military Government!

I mean, who could be more HanoiAnnie Coulter than Arianna....
8:03p
More of the 16 lesser O-rings of the Apocalypse
Not only was I the first person to run laundry in the new house. I was the first person to use the cook top to serve a hot meal.

I wonder if this is a part of that whole krugmanesque - hard up on zero - problem.
8:09p
Why I hate Professional Ethics.
There are times when one would just prefer to be the person who does the kneeKapping, so that things are a bit more stream lined about peaceful co-existence. It would simplify so many things, save of course the usual professional ethics problems about the use of excessive force in a pro-bono situation.

Yes, technically a contract could be arranged, but there is that point of ethics about whether or not warriors should be interfering in the civilian economy..... I mean, it would be a nicer, kinder place if lawyers were able to resolve issues in a nice and clean and simple and straight up compromise of best available knowledge, and best available intentions, and that they were really aspiring for the greater good.

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