Quote Originally Posted by Fuchs View Post
They should have immunised the banks with new bankruptcy legislation that means the governments step in AFTER the stupid shareholders lost their value (which means the governments would gain property for the taxpayer money, not just throw it away), not by setting up a system in which they prevent the punishment of economic stupidity.
They're harming the markets in the long term this way.
Fuchs,

Hope to get to this and try and formulate/provide a semi-coherent response with respect to the gap between theory and reality and cost/benefit considerations:

  • The idealism of Ayn Rand


  • The reality of depending upon your team in order to provide 360 24/7 security services (work breakdown structure - task, skill set, cost, schedule, etc.)


  • Recognizing, understanding, and utilizing the tools of nation building through the prisms of the private sector and the public sector




  • Motorcycles = power/weight = ~170hp/410lbs = Ducati


  • Economy = destruction/political representation = ~2 trillion Euros/X number of political representatives = Greece?


  • Economy = construction/political representation = ~ 2.4 trillion Euros-year/X number of politicians = Germany?


In the meantime, the February 25th-March 2nd edition of The Economist (hardcopy or digital if you have a subscription or here if you don't) has a 14 page special report on Financial Innovation which will either keep you awake a bit longer or put you right to sleep...