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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (26264)4/14/2000 5:36:00 PM
From: RocketMan  Read Replies (1) | Respond to of 42523
 
The irony is, if you model the history of floods and do stochastic analysis on their ocurrence, you find that they occur much more frequently than the "100 year" average ocurrence that dams are sized for, because gaussian theory falls apart for rare events. Assuming the bankers use the same stochastic models for their risk management that are used in engineering, they could have the same history as we have with burst dams.



To: yard_man who wrote (26264)4/14/2000 5:54:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
in effect this system of the 'lender of last resort' is a fleecing of the tax payer to help bankers and WS financiers to be able to take on risks they would under normal circumstances not take on.
we, all of us, must stand ready to bail out the fat cats whenever the Fed thinks it's appropriate. the fiat system is a fraud, and Greenspan knows it...


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