Friday 10 June 2011

A Dimon' in the rough

How many 'homeowners-in-default' and or the recently economically disenfranchised understand the term credit default swap? What about securitisation, sub-prime paper or toxic mortgage? Better yet; what about risk model reliability? These terms are fashionably random, arbitrary and used casually by the 'too-big-to-fails'.

What about debt-traps, food inflation and homelessness? Real people understand these terms and they are painful and never used casually. 

Jamie's intelligent, educated and a potential literary giant...Some books he might consider writing might include illustrated light relief such as 'Once upon a time we fooled the world' or 'You, your assets and my $5 million cash bonus'. For the children a short story 'Pinocchio and the million hungry kids'. Professionals might enjoy a personally autographed copy of 'TARP money in commodities and how we made a fortune' or perhaps a copy of 'Risk modelling - The illusion'. 

For the animated-movie buffs 'What I taught the FED', (a literary failure) starring SjIT (Super James in tights).










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