Thursday, September 25, 2008

Fraud power I

Fraud power? Yes!!! This, from a former SEC head; he's looking at derivatives and other modern instruments and shaking his head, as has 7'oops7er. We'll go more into all this through time while we look at finance and products.

Let's pause and look at some coming titles:
  • - Fraud power - ah, we can look at how finance, as says Minsky, always goes astray. We can start from the problems with the gab standard and work our way up to those who have pilfered more than their share. Rhetoric and market would be synonymous, except it does always come down to money (the taxpayers as contributors). Ah, but as engineers know, you cannot fool mother nature.
  • - Captains of industry - yes, we could split all captains into types: military, political, industry, medical, charity, ..., church, ... Well, of late, some politicians (who may have been business leads) have argued that 'captains of industry' (the CEO as the new king) are who ought to run the country. What? They have no morals in their equation; at least, the political realm is not moral-less yet. Industry hasn't even solved its ethical problems yet. Things like the current strike can be tied (even if some think these are loose ties) to ethics. We'll get to that later. Military leads, at least, have some national ethics, as would the political leads. That some church leaders lead lives of material sickness (as in over indulgence in abundance) is not the norm.
  • - Globalization - huh? Does not everyone know that being differentiated is one attribute of the mature? Thanks to Jung's fine analysis. So, what's this about dropping national borders in the interest of lining pockets? The 'pure' theory of international trade is just that (intellectual flimflam).
  • - Best and brightest - oh yes, if you guys who want to exercise your 'fraud power' would put your mind on a better problem, perhaps the world would improve. Say, how about studying why each generation seems to bring forward more 'fraudulent' methods (enabled by the progress of technology)?
  • - Silly games - some of the current problem can be traced to mortgage issues; yet, that is only part of the story. As, the whole notion of 'intrinsic' value has been pushed into the mud of the 'fraudulent' muck. We have, and will continue to, address that.
  • - New model - when you look at the disparity between the views of management (who, you know, are divinely ordained) and labor (mere commodities, slavishly utilized and then trashed), you wonder what we might have learned by this 21st century. Well, Boeing has experimented with new ways, namely the technical fellowship, that can help bridge the gap. Where are they and their insights? Oh, buried under management's cloak?
Well, the work load is set; hopefully, time will allow fruition (no, not a slam against that fine plane that will one day fly).


01/15/2012 -- Changed the title. See updated post.

03/22/2011 -- It's spring, and the garble uses gambling metaphors.

11/21/2010 -- Three years ago, it was said: Computational foci raise miraculous need. Still applies.

08/24/2009 -- Last year, Ben blinked and panicked. He frantically pulled out all stops as if with no thought for tomorrow. Now, he has no use for 'mea culpa' big daddy that he is. Ben, start to unwind now.

07/31/2009 -- Let's see, 5,000 got over $1M for services rendered. Well, that's probably a sign of being a best-and-brightest, at least to certain eyes; it's called rolling-in-the-dough.

Now, this can be used to illustrate how the game it to fill the pockets of a small set to an exorbitant amount. Does the game need to be that way? Hell no. We'll look at that some more.

06/15/2009 -- Globalization, and capitalism, now a dirty word, according to one in private equity.

12/13/2008 -- Well, another fraud type is the real ponzi. Who would have thought? What other shoes?

12/02/2008 -- The main topics include financial engineering, globalization as colonialism, panaceas such as outsourcing, and much more.

Modified: 01/15/2012

1 comment:

Anonymous said...

Globalization? Yes, this has been touted as the next thing, by those who run unethical practices (in the U
S, it's called business as usual) - wait, before you spit, I said unethical, not illegal.

In the supply-chain model (as we saw with the early 787 thrust), the supply has to magically respond to demands from he who buys. It's a model based upon throw responsibility over the fence to others. What? Yes, was that not what drove Lean?

The inconsistencies abound from all angles; well, math and computation are not alone to blame.

The prominent minds (yes, Harvard, to boot) have screwed themselves into a corner; yet, we all suffer thereby.

Oh well, who said that there was justice in the world? Well, that is actually deeper than one may imagine.