on money (in the abstract)

[Mark Kohut]

the major unanswered charge is not insider trading but 
fraud.........bundling into risk-offsetting derivates that
were so massive as to be systemic risks.........
 
and then one hand (of a company) selling what they knew
were not worth what they said....to other companies and
even themselves.......................
 
Perhaps Milo Minderbinder in Catch--22 is the best literary metaphor.
 
Or, in Pynchon , spy vs. spy, so to metaphorically speak.....

From: Kai Frederik Lorentzen <lorentzen at hotmail.de>
To: pynchon -l <pynchon-l at waste.org> 
Sent: Sunday, November 27, 2011 11:56 AM
Subject: Re: on money (in the abstract)


>>  That government and wall street types have more of this information
and can therefore, and do, do more damage or take more advantage is
questionable."



It's not about the quantity of the information. The effects of actions 
done by "government and wall street types" can, because of their far 
larger social radius of influence, as such potentially "do more damage". 
And of course these people also can "take more advantage" than nurses or 
teachers. You do not need CT to see this.



On 27.11.2011 16:43, alice wellintown wrote:

> What Naomi Wolf&  O.W.S.&  Co. are so frightened about is not a
> loophole that gives Washington insiders inside information. Hell, if
> you work in a hospital and your mother needs a heart valve you have
> inside information and chances are very good you will use it. In using
> that inside information you are putting some other asshole at risk;
> his mother, not a pig or a cadaver, will be fixed or broken by a
> resident practicing, perhaps for the first time, with the new
> equipment and new procedure, with a team that has been cobbled
> together, not briefed and debriefed and practiced together. Today,
> most folks are inside somewhere where information is valuable and they
> are using it. Maybe it not exactly Sam looking for his girl in Brazil
> or Brock Vond or Hector looking for Frenesi, but it's pervasive. That
> government and wall street types have more of this information and can
> therefore, and do, do more damage or take more advantage is
> questionable. That's why Wolf&  O.W.S&  Co. connect dots and spin
> conspiracy; it's not easy to use inside information on such a large
> scale because large and inside are difficult to keep between the
> sheets.
>
>
> What frightens people in O.W.S is that the rich and powerful
> pro-business people and those who support them, not a union by any
> stretch, are going to make the world a better place for a bunch of
> folks at their expense. yes, folks, the rich are the OWS folk. They
> got American; that's rich looking through the lens most people see
> through. That statistical TED I posted paints a true map of the globe.
> But Americans, because they think of themselves as advanced, even as
> they loathe their lot for it, think of themselves as the brain in the
> global body. The brain is selfish; it shuts down other parts to keep
> itself alert and alive. This kind of neo-classical view that includes
> a critique, while it tries to discredit the American CEO attitude and
> its dressed-up respectability, actually affirms it. It's a conflict
> both sides need to sustain. But the loser is the critic who stands on
> the false assumption that he and his nation are advanced, are the
> brain. The critic is not the brain, neither is the CEO or Washington
> plus Wall Street. The Washington and wall street alliance, knowing
> that they are but one big fat midsection of a complex body, fight to
> keep themselves fat. They don't much care if the arms and legs are
> thin as long as they have women coming and going talking about buying
> Michelangelos or whatever. To sustain the planet the rich american
> worker must pay the price; he will lose his wages, his skill, his home
> and land values. That's the inside information those who woulod prefer
> to be thought of as outsiders are ignoring. We might call it an
> inconvenient truth.
>
>> Alice writes:
>> Itz cheap to you cause you wouldn't work for the wages the chinese and
>> indians are quite happy to slave for. The injury is on you and the
>> other americans and high wage earners. You will be the losers as the
>> poor in the world gain.
>>
>> Finally some very mainstream economists are also seeing and saying this.
>> See long essay recently in THE ECONOMIST, that organ of necessary
>> capitalism---my characterization of their raison d'etre.........
>>
>>
>
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