finance insurance
real estate F.I.R.E

shiller engages in a might be fantasy

instead of posing
the synthetic security as innovation
against
its potential for hazardous exploitation
by the endemic workings
of the real world's hi fi system

all that multipule gearing
fraudulent rating
pass the stinker
till it reaches some giff
without a nose or a clue

these are not innovations
these are business as usual
pouncing on a new con

they are the systemic exploitation
of a novelty
the fomentaion of a fad wave
fired ultimately not by the spirit of progress thru invention
but by a never fully acknowledged
even self acknowledged
fantasy quest for
a secret insider
perpetual rent rip system

as satan discoverd
all hot set ups
must end in brimstone

Posted by: op | Link to comment | March 26, 2008 at 06:11 AM

op says...
"The destruction of the Savings and Loans by Jake Garn and the Reagan-Bush folks was only a first round in a campaign of corruption and destruction, which has also included the reduction of the mutual form in insurance as well as banking"

i take it
that institutional destruction was not creative ???

to me it was

after all it wiped out
a piss poor fuss budgety
labor intensive
miss peach set up

now any rube can get a line without
farting around hat in hand
for several hours
across from some
super annuated sanctimonious
tie and coat dork
sitting behind
an open office side desk
who thinks saying "no"
to some stiff lookin to buy a hen coop
is like
praising our lord and maker

viva the new and dangerous
robo-credit system

Posted by: op | Link to comment | March 26, 2008 at 06:21 AM

op says...
the bruce be wild i love most

"A focus on the arcane jargon of "securitization" and derivatives should not be allowed to distract attention from the extent to which the present crisis has its foundation built on nothing more than an elaborate gambit to steal from and defraud home owners and would-be home buyers"

Posted by: op | Link to comment | March 26, 2008 at 06:22 AM

op says...
any reform, which doesn't include as its central feature some kind of registry/clearinghouse, observable by the central bank, ought to be a non-starter.
couldn't agree more

but it is the incentive to steal that both innovates these products
and craves ...the darkness

lucifer oh lucifer
what have you rought
you rogue you

but err
the chracoaled steak was great
and
my hands and feet sure like
the perpetual heat

Posted by: op | Link to comment | March 26, 2008 at 06:26 AM

op says...
"Given the need for expertise"

that right there spans the gap between us bruce

i'm a red guard in these matters

Posted by: op | Link to comment | March 26, 2008 at 06:29 AM

op says...
robinia

balance is not the word
for what a people's uncle
would be up to

he'd have 13000 armed masked agents
raiding 100 trans nat hi fi's head quarters
each week

with plenty of

"we'll be back" 's