SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Worswick who wrote (150)9/24/1998 9:55:00 AM
From: see clearly now  Read Replies (2) | Respond to of 2794
 
Thanks for putting "the pirates" into context..My father, a simple uneducated farmer said .."there is something wrong with the system when a speculator on Hog belly futures makes more money than the farmer who grew them!"
The test IMO is...does a transaction add value to a system whose goal should be to create liquidity for investment in productivity for human kind?....is this distorted thinking?



To: Worswick who wrote (150)9/24/1998 10:06:00 AM
From: IngotWeTrust  Read Replies (1) | Respond to of 2794
 
Worswick disappoints when he writes: The bankers involved in all these transactions were and are on the cutting edge of financial modeling. Their "mistakes" are like the first people who tested the first supersonic airplanes. A lot of them died.

Oh, BARF! Gotta come down on side of J.McGowan's post* on this issue, vocex.

(* McGowan's post: exchange2000.com )

Deifying stereo-lithography (3-D) multiplication of "financial modeling" is an insult to intelligence of equity investors let alone the memories of the supersonic pioneer pilots!

Lost a LOT of points by showing your LTCM true colors.

O/49r



To: Worswick who wrote (150)9/26/1998 6:09:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 2794
 
Worswick; Re > I don't think it is fair to call bankers "pirates". It is most unfair in fact. <

I'll have to agree with you, it's most unfair to the "pirates",
many of whom at least had a code of honor. <G>
Jim