In Their Leaders, Advisers, And Experts, People

The World Clings To Its Old Mental Picture Of The Stock Market Because It’s Comforting; Because It’s So Hard To Draw A Picture Of What Has Replaced It; And Because The Few People Able To Draw It For You Have No Interest In Doing So.

You Could Argue The Banks Are Much Better Capitalised Than They Were Going Into The Crisis, And Everyone's In A Much More Vigilant State Because They Still Remember The Crisis.

The Incentive For The Outsider Is To Attack The System Right Up To The Moment He Is Co-opted By It. The Incentive For The Insider -and This Took Some Getting Used To- Is To Allow Yourself To Be Attacked, And Then Co-opt Your Most Ferocious Attackers, And Their Best Ideas. The Effect On The System As A Whole Is To Make It More Stable, Because Everyone Winds Up Working On Its Behalf.

The Idea That It's Smart To Allow Wall Street Firms, With This "too Big To Fail" Imprimatur, To Become Hedge Funds Again - It's Unconscionable. You're Essentially Saying We're Going To Take Some Elites In Our Society And Let Them Roll The Bones In The Marketplace, And If It Works Out They Get Rich, And If It Doesn't Work Out The Taxpayer Comes In Again. That Seems Absolutely Crazy To Me. That Seems To Be Where They're Headed. I Mean, Maybe They're Not And I'm Wrong. Maybe They'll Do Sensible Things. It's Hard To Know! There Doesn't Seem To Be A Plan.

Jacks Are Home Runs. So Are Dongs, Bombs, And Big Flies. Baseball People Express Their Fondness For A Thing By Thinking Up Lots Of Different Ways To Say It.