It Takes a Village to Maintain a Dangerous Financial System

… the Original PDF – Published on The Banker’s New Clothes, by Anat R. Admati, Graduate School of Business, Stanford University, May 2016, 32 pages … if it takes a village to raise a child, it takes a village to abuse a child … the financial system is meant to facilitate efficient allocation of resources and help people and businesses fund, invest, save and manage risks. This system is rife with conflicts of interests. Reckless practices, if uncontrolled by market forces and effective rules, can cause great harm. Most of the time, however, the harm from excessive risk in banking is invisible and the culprits remain unaccountable. They rarely violate the law …;

some Links Related to Dangerous Financial System, with comments (event. with download) related to above original text:

  • on, by Guy Rolnik, Oct 27, 2016: Stanford professor Anat Admati discusses her new paper …;
  • on Economist’s View, Oct 27, 2016: Q and A with Anat Admati …;
  • on Zero Hedge, by Tyler Durden: Aug 2, 2016; June 6, 2016 … citing Martin Luther King: “Everything Adolf Hitler did in Germany was Legal” …;
  • on Liberty Blitzkrieg, by Michael Krieger, June 6, 2016: injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly. We know through painful experience that freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed …;
  • many more on Google Web-search;

Other Links:

The Mainstream Media is Asking for a Government Bailout Via Censorship, on Max Keiser, Financial War Reports, by Michael Krieger, Dec 10, 2016: Watching Hillary Clinton attack “fake news” and calling for legislative action against free speech she doesn’t like got me thinking …;

Secret CIA assessment says Russia interfered with election to help Donald Trump win, on IBT, by Hyacinth Mascarenhas, Dec 10, 2016: Trump’s team says, these are the same people that said Saddam Hussein had weapons of mass destruction;

(US) Congress demands answers from Pentagon on $125bn waste report, on RT, Dec 9, 2016; (see also: on Twitter; on RT: $125bn down the drain …; on IBT;

Economists Are Out, Goldman Is Back In, on Economist’s View, by Justin Fox, Dec 9, 2016;

Tips Novices Know That Veteran Researchers Forget, on Social Science Research Network SSRN, by Annemarie Nordquist, Dec 9, 2016: it’s a daunting moment we’ve all experienced: you’re writing a research paper, probably between drafts, and emerge from the flow of your writing only to come to the realization that you no longer know what you are writing about. You know your topic and, of course, you prepared before writing, but you realize that the topic is much bigger than you initially planned, and now you’re lost in the maze of data and information. You have to choose which facts, figures, and articles are relevant to the point you are trying to make, and, well, it all seems relevant …;

Then We Will Fight in the Shade, a Guide to Winning the Media Wars, on Liberty Blitzkrieg, by Michael Krieger, Dec 8, 2016: victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win – Sun Tzu, The Art of War;

Why Trade Deficits Matter, on Economist’s View, by Jared Bernstein and Dean Baker, Dec 8, 2016: … the hardship faced by the families and communities who have lost out as jobs have shifted overseas …;

Enda(ngered), on Village, by Frank Connolly, Dec 7, 2016: the election of Donald Trump is just the latest headache for an already precariously balanced Irish government. The election of the man whose words were described as ‘racist and dangerous’ by Enda Kenny just a few months ago does not in itself pose an imminent threat to the Taoiseach’s political survival but it certainly intensifies the political and economic uncertainty already heightened by Brexit …;

Bringing a Business Mindset to Educating Visually Impaired Students, on Stanford, by Erika Brown Ekiel, Dec 6, 2016: the country’s oldest school for blind students turns to mobile apps, online courses, and driverless cars …;

Former Treasury Secretary Paulson – Be Ready to Change Course, on Stanford, by Bill Snyder, Dec 1, 2016: Henry Paulson led one of the biggest government bailouts in history. Here he shares what he’s learned about leadership and career planning;

Trump’s First Task, close the Wall Street-Washington Wormhole, on WALL Street Daily, by David Dittman, Nov 10, 2016: hot takes abound here in the immediate aftermath of one of the most historic presidential elections in U.S. history. Here’s one about a subtle step to shake up the Establishment;

Questioning Hillary’s Health is Not Conspiracy Theory, on Liberty Blitzkrieg, by Michael Krieger, Aug 23, 2016;

Brexit and the Derivatives Time Bomb, on Max Keiser Financial War Reports, by Ellen Brown, July 2, 2016: Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered …;

Paradiesvorstellung, auf Mein privater Garten, 14. Juni 2005;

… and this:

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