Monthly Archives: November 2013

Attainment and Natural Identity

Where private enterprise meets public authority, there is an existential risk at stake–an originally authored identity vs. a regulated, modified identity. Both are the object of self-determination and its attainment. While the identities do not have to be in conflict, … Continue reading

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Synthesizing the Risk (Transference)

Back in 1998, swaps are the latest sophistication. If you identify with the best and the brightest Ivy-League innovation, make a swap. To improve how the swap works, in 1999 President Clinton signed the Commodity Futures Trade Modernization Act, urged … Continue reading

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Buying the Risk

If you’ve got something to sell, you need to find a buyer, right? In the financial sector this is largely a function of identifying an insurable interest, and the latest way to insure that interest is swaps. In addition to … Continue reading

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Making the Swap

Currently, with the House dominated by Randian right wingers, the purse is being managed with an Objectivist philosophy of risk. When massive foreclosure occurred, millions of Americans lost an insurable interest. It didn’t just vanish, it was swapped, consolidated, being … Continue reading

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The Buyback

The cash buyers that Yellen referred to in the housing market extends to big corporates as well. Instead of using money borrowed at the discount window, at zero rates, to add employment (which increases demand) and add supply (which decreases … Continue reading

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Bubble Bubble Toil and Trouble

New Fed chair, Janet Yellen testified before the Senate today that cash buyers of foreclosed housing is a natural correction and not a bubble. This is big-time trouble. This means that a person who toiled to gain capital in the … Continue reading

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Insuring the Futures

We struggle with imperative values. If life is conditional by default, then we are not free to self-determine. So we shift the risk as much as possible to other people, defined by class, to self-determine with guaranteed satisfaction. This is … Continue reading

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