tag:blogger.com,1999:blog-2850977918787367334.post4074212789406406548..comments2024-02-23T09:18:10.084-08:00Comments on Icono-Curmudgeon-Clast - Loring Wirbel's Rants: Involuntary Servitude for the Financial Industry?Loring Wirbelhttp://www.blogger.com/profile/11764834150305763077noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2850977918787367334.post-72262110027621459132008-10-25T14:01:00.000-07:002008-10-25T14:01:00.000-07:00Don,The complexity comes from trying to make high ...Don,<BR/>The complexity comes from trying to make high profit margins on what are essentially fancy bets about future pricing trends. The very name "derivative" or "futures" means "phony" in my dictionary. My rule of thumb is, if you're trying to make money off an asset, and you can't kick it and hurt your toe, it's probably illegal - or should be!Loring Wirbelhttps://www.blogger.com/profile/11764834150305763077noreply@blogger.comtag:blogger.com,1999:blog-2850977918787367334.post-68910854709815191212008-10-25T10:12:00.000-07:002008-10-25T10:12:00.000-07:00Is it really that complicated? I think it only get...Is it really that complicated? I think it only gets complex as these execs keep pushing and pushing and seeking better ways to hide their activities. <BR/><BR/>I like your idea of placing them in solitude and allowing them to work from their new homes. Jackson Pen is a good place to start.Donhttps://www.blogger.com/profile/16831577769797947426noreply@blogger.comtag:blogger.com,1999:blog-2850977918787367334.post-53275220455366265192008-10-25T08:30:00.000-07:002008-10-25T08:30:00.000-07:00Larry: Soundtrack: L'autrichienne, by Jucifer, a ...Larry:<BR/> Soundtrack: <I>L'autrichienne</I>, by Jucifer, a history of the post-Terror Thermidor period and why it matters today. There's even a guillotine on the cover. Might be more important than Guns 'n' Roses' <I>Chinese Democracy</I>.<BR/><BR/> Right after the Thermidor period started in France, there was a group of rowdy aristocratic youth called the "Gilded Youth" that went around in eye makeup and beat up poor people. Shades of Clockwork Orange. Maybe bankers that escape from the chain gang will go transvestite and start beating up Obama supporters.<BR/><BR/>Ruth: The problem with finding replacements for the Masters of the Universe is that no one can do the math. Heck, even the Nobel laureates in math can't do the math. That should say something.<BR/><BR/>Sharon: I love that deer, but your most recent self-portrait is even better.Loring Wirbelhttps://www.blogger.com/profile/11764834150305763077noreply@blogger.comtag:blogger.com,1999:blog-2850977918787367334.post-68871140121780621572008-10-25T05:02:00.000-07:002008-10-25T05:02:00.000-07:00Love that Kucinich.Yeah, I was stunned one day ear...Love that Kucinich.<BR/><BR/>Yeah, I was stunned one day early on in the meltdown when some guy in Manhattan called it laughable that the execs should take less money since, well, you know, have you <I>seen</I> what a million dollars gets you in Manhattan? It isn't realistic to expect them to go so low. As if they shouldn't "suffer."<BR/><BR/>And that argument that no one will want to run a company for less money and bonuses, like Don says about football or baseball player: you think you can't find some great player to play for $150,000 a year? Someone who <I>loves</I> baseball and would be happy with that much moolah?<BR/><BR/>I love your modification to the Thirteenth Amendment. Forced labor sounds brilliant, bwahhhaaaa.Ruthhttps://www.blogger.com/profile/14204074161539605133noreply@blogger.comtag:blogger.com,1999:blog-2850977918787367334.post-3672134555548818132008-10-24T18:30:00.000-07:002008-10-24T18:30:00.000-07:00From Larry:Funny that Greenspan was "shocked, I sa...From Larry:<BR/><BR/>Funny that Greenspan was "shocked, I say "shocked that people would cheat for money". MBA schools (like the one I graduated from) should focus more on ethics and less on personal gain.<BR/><BR/>Remember the cruelties! Off to the guillotines!Sharonhttps://www.blogger.com/profile/08587519421636814074noreply@blogger.comtag:blogger.com,1999:blog-2850977918787367334.post-10857282590570809742008-10-24T13:30:00.000-07:002008-10-24T13:30:00.000-07:00"of" was supposed to be "up"......"of" was supposed to be "up"......Sharonhttps://www.blogger.com/profile/08587519421636814074noreply@blogger.comtag:blogger.com,1999:blog-2850977918787367334.post-27857144313056523662008-10-24T13:29:00.000-07:002008-10-24T13:29:00.000-07:00You gotta love Dennis! As for the executives I thi...You gotta love Dennis! As for the executives I think they should pack of their monopoly sets and be sent home without their supper. :)Sharonhttps://www.blogger.com/profile/08587519421636814074noreply@blogger.com