Comments on: Just Desserts and Markets Being Silly Again http://www.ritholtz.com/blog/2009/11/just-desserts-and-markets-being-silly-again/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: What if The Joker lives in the financial sector too | http://www.ritholtz.com/blog/2009/11/just-desserts-and-markets-being-silly-again/comment-page-1/#comment-232204 What if The Joker lives in the financial sector too | Thu, 05 Nov 2009 13:16:28 +0000 http://www.ritholtz.com/blog/?p=43024#comment-232204 [...] investor Jeremy Grantham lists the multiple villains of the current financial crisis, not all of whom live on Wall [...] [...] investor Jeremy Grantham lists the multiple villains of the current financial crisis, not all of whom live on Wall [...]

]]> By: impermanence http://www.ritholtz.com/blog/2009/11/just-desserts-and-markets-being-silly-again/comment-page-1/#comment-231817 impermanence Tue, 03 Nov 2009 22:41:38 +0000 http://www.ritholtz.com/blog/?p=43024#comment-231817 "Rewarding Bernanke is like reappointing the Titanic’s captain for facilitating an orderly disembarkation of the sinking ship (let’s pretend that happened) while ignoring the fact that he had charged recklessly through dark and dangerous waters." One must consider the fact that you get rewarded in this socio-economic system for making money for other people. In this regard, Bernake made a great deal of money for a great number of people and was rewarded by being left in a position where he could make a great deal more money for the same folks. This isn't rocket science. “Rewarding Bernanke is like reappointing the Titanic’s captain for facilitating an orderly disembarkation of the sinking ship (let’s pretend that happened) while ignoring the fact that he had charged recklessly through dark and dangerous waters.”

One must consider the fact that you get rewarded in this socio-economic system for making money for other people. In this regard, Bernake made a great deal of money for a great number of people and was rewarded by being left in a position where he could make a great deal more money for the same folks.

This isn’t rocket science.

]]> By: Through the Looking Glass http://www.ritholtz.com/blog/2009/11/just-desserts-and-markets-being-silly-again/comment-page-1/#comment-231777 Through the Looking Glass Tue, 03 Nov 2009 19:49:23 +0000 http://www.ritholtz.com/blog/?p=43024#comment-231777 An oligarchy is a form of government in which power effectively rests with a small elite segment of society distinguished by royal, wealth, intellectual, family, military, or religious hegemony. The word oligarchy is from the Greek words for "few" and "rule" . Such states are often controlled by politically powerful families (The Goldmans Sachs ) whose children(initiates) are heavily conditioned and mentored to be heirs of the power of the oligarchy. Oligarchies have been tyrannical throughout history, being completely reliant on public servitude to exist. Although Aristotle pioneered the use of the term as a synonym for rule by the rich, for which the exact term is plutocracy, oligarchy is not always a rule by wealth, as oligarchs can simply be a privileged group. Some city-states from ancient Greece were oligarchies. The combination of the words plutocracy and oligarchy make the word plutarchy. An oligarchy is a form of government in which power effectively rests with a small elite segment of society distinguished by royal, wealth, intellectual, family, military, or religious hegemony. The word oligarchy is from the Greek words for “few” and “rule” . Such states are often controlled by politically powerful families (The Goldmans Sachs ) whose children(initiates) are heavily conditioned and mentored to be heirs of the power of the oligarchy.

Oligarchies have been tyrannical throughout history, being completely reliant on public servitude to exist. Although Aristotle pioneered the use of the term as a synonym for rule by the rich, for which the exact term is plutocracy, oligarchy is not always a rule by wealth, as oligarchs can simply be a privileged group. Some city-states from ancient Greece were oligarchies. The combination of the words plutocracy and oligarchy make the word plutarchy.

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