TRP-related (by me at least)..from a review

[Joseph Tracy]

On Mar 24, 2010, at 10:40 AM, Robert Mahnke wrote:

> I was under the impression that Lewis had critical things to say
> specifically about the move that investment banks made recently to go
> public, and the change in incentives for their management,

  The incentive was to get public money , which was turned over  
without oversight or guidelines.  This is capitalism? I could manage  
public money more responsibly and with a mere 10% of the bonuses.

I thought Matt Taibbi's articles in RS were more informative and  
detailed than Lewis rather mealy mouthed critique, and did far more  
to show te decision making processes of the players and the market  
mechanisms that are rigged.


> not about
> the general existence of public companies.
>
> On 3/24/10, rich <richard.romeo at gmail.com> wrote:
>> I don't think the idea  that public companies can find ways to  
>> raise capital
>> such as issuing shares is necessarily a bad thing. Proper  
>> oversight and
>> regulation is what is needed
>>
>> as much as anarchism is very attractive, all it really amounts to a
>> diversion for children with nothing to lose no matter how Pynchon  
>> exalts
>> them.
>>
>>
>>
>>
>> On Wed, Mar 24, 2010 at 7:54 AM, Mark Kohut <markekohut at yahoo.com>  
>> wrote:
>>>     The Big Short by Michael Lewis is "an indictment of  
>>> shareholder driven
>> capitalism". As soon as partnership was replaced by investor  
>> money, it
>> became a casino.
>>>
>>> I would argue that one of the meanings of the casino (and Vegas  
>>> in IV?) in
>> AtD is captured in the above....Pynchon satirizes society for  
>> losing its
>> human scale most.
>>>
>>>
>>>
>>>
>>
>>