on money (in the abstract)

[Joseph Tracy]

On Nov 27, 2011, at 12:39 PM, Mark Kohut wrote:

> 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 the political bribery that enabled this fraud and prevented anyone from an attempt to prosecute or expose it. 
>  
> 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.........
> >>
> >>
> >
> 
> 
>