House of Paine

contra madame robinson....

a blog comment of the pink's leads to ...


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this was 
a comment/query 
    posted  by
                 le moi 

at the setser blog:

'brad writes: 
 
"capital losses in the central bank  
can pile up for a long time  
with no immediate consequence  
in the absence of a run" 
 
long time 
 
or for ever ???? 
 
"not all the increase in reserves  
could be sterilized" 
 
why not  
in a bank system  
like the Han's run ??? 

" forcing PBoC bills onto the banks 
= fewer bank profits " 
 
who sez today's han banks  
are profit max outfits ????? 


Written by gcs on 2005-09-24 15:07:18"

it prompted this 
large barge 
pecksniffian rebuke :

" gcs: "why not in a bank system like the Han's run ???" 
 
First of all, the aggregate of "Han" is "Han", as in "the English", "the French", "the Han". 
 
Secondly, your use of the term is ambiguous, as the banking systems of Taiwan, Hong Kong, Singapore, and Mainland China are all run by Han. 
 
Thirdly, in light of point number two, your use of the term comes across as a gratuitous attempt to inject race into a technical issue. 
 
Just FYI. 


Written by Michael Robinson on 2005-09-24 22:33:28"

to which the moi
 responded  with further " gratuity"

in a private e mail

 (here not included )



and also this i feel

quite  handsome
                       public 
                           reply  
" mr robinson....sir 
 
point made point taken 
 
will in future remain less capricious  
 
still in all 
i might add 
lite tones 
are not always lightly motivated  
 
 
 
at any rate 
 
the question remains 
 
how does "one " 
 
incorporate blatant non profit max 
considerations in  
"ones" 
formal model of a banking system  
 
and even more particularly 
 
how does one "model" 
a central bank 
 
which hardly "plays" 
like a bank at all 

Written by gcs on 2005-09-25 09:48:23"

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