Comments: Captain Greenspan Is Shocked, Shocked To Find That Gambling Is Going On In Here

I guess all those years in bed together don't count.

Posted by Mike Meyer at October 23, 2008 01:53 PM
He said what had been “a critical pillar to market competition and free markets did break down. And I think that, as I said, shocked me. I still do not fully understand why it happened.

But give me some time to come up with a plausible excuse. We're too close to the event to plausibly deny it...

Perhaps he, and the quant wunderkids can get into a room to discuss it in detail.

Into which I would pour 200,000 famished rats and lock the door...

Posted by Labiche at October 23, 2008 02:27 PM

Goniff.

Posted by Pvt. Keepout at October 23, 2008 02:43 PM

Irrational Protuberance!

Posted by MarcLord at October 23, 2008 03:59 PM

The "self-regulation" thing I understand - you just act righteously because you're good people, but I wonder how this "counterparty surveillance" thing is supposed to work. Is it, like, Morgan Stanley rats out the Lehman Brothers, or something?

Posted by abb1 at October 23, 2008 04:36 PM
...I wonder how this "counterparty surveillance" thing is supposed to work...

Do a google on it and select the link that brings up google.books "The Age of Turbulence". It doesn't allow a cut and paste, but it's the type of drivel that I'd expect from an enamored high school reading on the nobility and morality of markets.

Posted by Labiche at October 23, 2008 05:03 PM

Oh yeah, a debate will clear everything up and determine who's the good guy, so we can all rest easy afterwards.

Posted by Tupac at October 24, 2008 12:28 AM

An amusing allusion:

http://www.youtube.com/watch?v=nw-Xgpulf64

Posted by Mike at October 25, 2008 04:39 PM

An amusing allusion:

http://www.youtube.com/watch?v=nw-Xgpulf64

Posted by Mike at October 25, 2008 04:39 PM