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Banjo
Registered: Feb 2002
Posts: 3302 |
04-27-12 06:19 PM
Essentially everybody's postulating the same prescription, restructure for accountability and transparency. How to accomplish this incrementally without throwing the world into a Mad Max state of economic chaos
is the conundrum.
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Random.Capital
Registered: Jan 2005
Posts: 3848 |
04-27-12 07:17 PM
Quote from Martinghoul:
There would have to be a mechanism to limit their size and prevent excessive concentration, though.
I rather suspect that if we had a formal "no bailout" policy - and actually stuck to it - the problem would largely self-regulate. But I'm not sure it's possible without also modifying the Fed's SOP, since they provide a backdoor bailout mechanism.
Anyway, this is likely all rather moot, since as a society we're simply not willing to do this, and I see little indication that is going to change.
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Martinghoul
Registered: Jan 2009
Posts: 5641 |
04-27-12 07:39 PM
Quote from Random.Capital:
I rather suspect that if we had a formal "no bailout" policy - and actually stuck to it - the problem would largely self-regulate. But I'm not sure it's possible without also modifying the Fed's SOP, since they provide a backdoor bailout mechanism.
Anyway, this is likely all rather moot, since as a society we're simply not willing to do this, and I see little indication that is going to change.
+1
Quote from Banjo:
Essentially everybody's postulating the same prescription, restructure for accountability and transparency. How to accomplish this incrementally without throwing the world into a Mad Max state of economic chaos
is the conundrum.
+1
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Fractals 'R Us
Registered: Aug 2008
Posts: 1874 |
04-28-12 09:00 PM
Quote from Martinghoul:
Precisely... Reality is so much more difficult to understand and deal with than the stupid article makes it look.
after the experts get between us and the data it's impossible...
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pythontrader
Registered: Oct 2011
Posts: 130 |
04-29-12 11:51 AM
Quote from Martinghoul:
Yep, I think that's a viable step... I, personally, would also be very much in favor of some measure of personal liability for directors. IMHO, that's the weakest link in corporate governance. Especially, in light of the Bob Diamond/Barclays shenanigans this week.
Do you really think that this is an implementable step?
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