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Krugman basically repeated the incentive problem I mentioned in another thread. :cool:
Our government also prints money. So? :cool:
Well, everyone knows the music (housing market) will stop at some point. :rolleyes:
No. I think it will be a good idea if a third party (e.g. the government) is holding the collateral of any deal. The reason why we are in this...
Well, AIG was one of the counterparties for such hedges. So? :rolleyes:
Sorry. I am too dumb to appreciate your sarcasm.... :(
Actually you do need to take into account that your counterparty will go out of business. That's called default probability. The quants in i-banks...
I don't know. But I studied Game Theory. The way incentive is set up is encouraging people to take excessive risks. :cool:
Well, who can pony up $13B cash right now other than the US government? :confused:
Well, their compensation policy (aka bonus) encourages employees to take excess risks. You get bonus if your bet wins but you don't need to pay if...
Even if they do hedge, the other side of the hedge may not be able to pay up when needed. ;)
Han retaliation.... :eek: [img]
Gruesome video taken by a Korean TV station :( <object width="425" height="344"><param name="movie"...
Is there a way to fire this guy? Or is a public recall required???
Word. :cool:
Thanks for the laugh :)
AWOL from work for a week is enough for dismissal Too bad he still has the job. :rolleyes: :rolleyes: :rolleyes:
I think it is already there. But of course sometimes it is hard to enforce or prosecute
I don't care about the affair. But disappearing from work for a week with no reasons given is ground to dismissal :rolleyes: :rolleyes:
Except we didn't have the balls to take it to the streets and as a result hundreds of thousands of Iraqis died... :(
