tag:blogger.com,1999:blog-23400750.post2369718554116375824..comments2023-11-03T11:32:01.540+00:00Comments on Thought Experiments : The Blog: The Expanding Credibility FieldBryan Appleyardhttp://www.blogger.com/profile/08276787058430388582noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-23400750.post-34927863708524008262009-02-17T02:03:00.000+00:002009-02-17T02:03:00.000+00:00Thank you, Richard.You've given me thought too, in...Thank you, Richard.<BR/><BR/>You've given me thought too, in this last comment, but even from your sharing of the Lewis link, which I have passed on. I have enjoyed this whole thread.<BR/><BR/>Yours,<BR/>RusRus Bowdenhttps://www.blogger.com/profile/08412920154921512774noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-45320898840227753602009-02-15T20:40:00.000+00:002009-02-15T20:40:00.000+00:00Rus, please take a late response as a compliment. ...Rus, please take a late response as a compliment. More to mull. Very valuable. <BR/><BR/>The indirect reference to Piaget reminds me of his influence on a young Alan Kay and the original Learning Research Group at Xerox PARC. Great memories and still important ones. (Anyone interested are left to do their own googling rather than me set links in stone for seminal software history, probably Richard Drakehttps://www.blogger.com/profile/10005416556432927671noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-43925781140525590152009-02-15T03:20:00.000+00:002009-02-15T03:20:00.000+00:00Hi Richard,The part about no "person inside a big ...Hi Richard,<BR/><BR/>The part about no "person inside a big Wall Street firm . . . having a crisis of conscience," coupled with the idea of mediocrity within the system, leads me back to the obvious--that there have been people in charge who never should have gotten raised past cubicle positions, little jobs, with average pay, and well-supervised.<BR/><BR/>Someone asserted something years ago, Rus Bowdenhttps://www.blogger.com/profile/08412920154921512774noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-42470637794340653572009-02-14T13:09:00.000+00:002009-02-14T13:09:00.000+00:00I've no idea precisely what will work. But I feel ...I've no idea precisely what will work. But I feel sure a version of the status quo with more government involvement in banks and from that everywhere else, with fewer bonuses for the new mediocrity, won't cut it at all. So everyone needs to be considering radical changes like this. We've got to go back local with a whole host of services, that is surely true. Maybe Gove can get it started with Richard Drakehttps://www.blogger.com/profile/10005416556432927671noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-69100642831919880572009-02-14T11:40:00.000+00:002009-02-14T11:40:00.000+00:00Richard, yes of course its more than legislation, ...Richard, yes of course its more than legislation, its about a change in culture.<BR/><BR/>1, politico self regulation has failed, thus we should have a star chamber of senior judges who set the rules for slags, and oversee there implementation.<BR/><BR/>2, We need a ministry of the opposition, thus giving much wider access to govts thinking, advice ect.<BR/><BR/>3, bonfires of the quangos, these Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-69718196864132192532009-02-14T07:29:00.000+00:002009-02-14T07:29:00.000+00:00Rus, thanks for quoting that amazing moment from 1...Rus, thanks for quoting that amazing moment from 18 September 2008 when Steve Eisman finally knew he was right about the sub-prime disaster that up to that point Wall Street desperately wanted him to shut up about.<BR/><BR/>There's just a trace of paradox in what he said that day in that people like Eisman and Meredith Whitney <I>were</I> the conscience of Wall Street that he said didn't exist. (Richard Drakehttps://www.blogger.com/profile/10005416556432927671noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-79073039629647562702009-02-14T04:25:00.000+00:002009-02-14T04:25:00.000+00:00Above, richard linked from Meredith Whitney's name...Above, richard linked from Meredith Whitney's name to this article: <A HREF="http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom#page1" REL="nofollow">Portfolio.com: The End</A>. Here is an excerpt from page 8:<BR/><BR/><I>This was what they had been waiting for: total collapse. "The investment-banking industry is fucked," [Steve] Eisman had told Rus Bowdenhttps://www.blogger.com/profile/08412920154921512774noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-91902122257888763622009-02-13T22:27:00.000+00:002009-02-13T22:27:00.000+00:00After the first bank bailout [350 billion]here in ...After the first bank bailout [350 billion]here in the states the government now admits they are unable to account for about 79 billion. 79 billion I might add that we don't have.rainywalkerhttps://www.blogger.com/profile/13445164335609548931noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-35971744846369308162009-02-13T20:16:00.000+00:002009-02-13T20:16:00.000+00:00Criminalise corporatism is a very good slogan, tha...<I>Criminalise corporatism</I> is a very good slogan, thanks, much closer to the heart of things - though maybe a little bit challenging in terms of legal detail!Richard Drakehttps://www.blogger.com/profile/10005416556432927671noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-25247751864049377942009-02-13T19:07:00.000+00:002009-02-13T19:07:00.000+00:00Brown is a disgrace to his country, he betrayed th...Brown is a disgrace to his country, he betrayed the national interest by not focusing the government on possible risks and developments in the world economic system.<BR/><BR/>Every economist in the treasury and the bank of England who has worked there from 2000 onwards should either be sacked or demoted.<BR/><BR/>This decade has seen two major failures of Government.<BR/>1, 9/11 why did not the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-7928079498829506632009-02-13T18:49:00.000+00:002009-02-13T18:49:00.000+00:00I agree the idea about evidence of undue governme...I agree the idea about evidence of <A HREF="http://ftalphaville.ft.com/blog/2009/02/13/52446/hbust#comment-232519" REL="nofollow">undue government pressure</A> emerging is pretty credible. There is another side, though, and <A HREF="http://ftalphaville.ft.com/blog/2009/02/13/52446/hbust#comment-232544" REL="nofollow">Baz</A> puts it well: there was no analyst in London like <A HREF="http://Richard Drakehttps://www.blogger.com/profile/10005416556432927671noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-23104515855159019682009-02-13T18:42:00.000+00:002009-02-13T18:42:00.000+00:00The Nimrod could have been a fine aircraft, had it...The Nimrod could have been a fine aircraft, had its constructors been free of MOD and treasury interference, this could be said of virtually every contract undertaken on their behalf.<BR/>The Nimrod started life many years ago as the Comet, the first commercial jet powered aircraft to go into service, with disastrous consequences, they fell out of the sky.<BR/>The official line always pointed to maltyhttps://www.blogger.com/profile/02936465848907794425noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-48306352008687889032009-02-13T18:38:00.000+00:002009-02-13T18:38:00.000+00:00Postman Alan hey, to deliver more bad news i shoul...Postman Alan hey, to deliver more bad news i should think? <BR/><BR/>did you get any cash on Broon gone by June? that rhythms btw.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-34822726174293706042009-02-13T18:16:00.000+00:002009-02-13T18:16:00.000+00:00Words simply fail me. They might as well make me p...Words simply fail me. They might as well make me prime minister and, simultaneously, chief exec of all the banks.Anonymousnoreply@blogger.com