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

[Robert Mahnke]

Maybe I'm confused, but I think you're conflating (a) the i banks
decisions to turn themselves into public companies (taking public
investors' money in exchange for stock), with (b) their more recent
decisions to take public "bailout" money.  FWIW.

On 3/24/10, Joseph Tracy <brook7 at sover.net> wrote:
>
> 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.
> > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > >
> > >
> > >
> >
>
>