Comments on: The End of the Current Model of Financial Capitalism? http://www.nakedcapitalism.com/2008/02/end-of-current-model-of-financial.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: vlade http://www.nakedcapitalism.com/2008/02/end-of-current-model-of-financial.html#comment-4370 vlade Sat, 23 Feb 2008 09:05:00 +0000 http://www.nakedcapitalism.com/2008/02/the-end-of-the-current-model-of-financial-capitalism/#comment-4370 "Unlike the internet bubble, this is not a crisis based on irrational behaviour"<br/><br/>How untrue... Unless, of course, one rationally assumes that historical correlation on a small sample is the same as expected correlation on a large sample regardless of external factors. Or, if one even rationally believes that something as dynamic and un-observable as correlation can be observed with any level of certainity in markets. “Unlike the internet bubble, this is not a crisis based on irrational behaviour”

How untrue… Unless, of course, one rationally assumes that historical correlation on a small sample is the same as expected correlation on a large sample regardless of external factors. Or, if one even rationally believes that something as dynamic and un-observable as correlation can be observed with any level of certainity in markets.

]]> By: doc_holiday_is_for_real http://www.nakedcapitalism.com/2008/02/end-of-current-model-of-financial.html#comment-4351 doc_holiday_is_for_real Fri, 22 Feb 2008 20:48:00 +0000 http://www.nakedcapitalism.com/2008/02/the-end-of-the-current-model-of-financial-capitalism/#comment-4351 Yves,<br/><br/>OT, but my interest in Pension Funds Really Has To Be Explored, as there is going to be serious fallout there very soon!! The DOL underwriter exemptions are treason and The Pension Protection Act needs to be repealed ASAP, because almost every pension fund manager, congress person and senator fell for a derivative scam!<br/><br/>As an example: A state employees group said Thursday it's still not satisfied after receiving more than 1,100 additional pages of pension fund documents from state attorneys representing Treasurer Richard Moore in a public records lawsuit.<br/><br/>The documents given to the State Employees Association of North Carolina included quarterly reports on real estate holdings, hedge fund and other private equity investments from 2001 to 2004, along with fees that outside managers received.<br/><br/>The 55,000-member association sued Moore and his office three weeks ago, accusing him of failing to comply fully with two records requests for information about the $78 billion in pension money Moore oversees for 820,000 public employees and retirees. Yves,

OT, but my interest in Pension Funds Really Has To Be Explored, as there is going to be serious fallout there very soon!! The DOL underwriter exemptions are treason and The Pension Protection Act needs to be repealed ASAP, because almost every pension fund manager, congress person and senator fell for a derivative scam!

As an example: A state employees group said Thursday it’s still not satisfied after receiving more than 1,100 additional pages of pension fund documents from state attorneys representing Treasurer Richard Moore in a public records lawsuit.

The documents given to the State Employees Association of North Carolina included quarterly reports on real estate holdings, hedge fund and other private equity investments from 2001 to 2004, along with fees that outside managers received.

The 55,000-member association sued Moore and his office three weeks ago, accusing him of failing to comply fully with two records requests for information about the $78 billion in pension money Moore oversees for 820,000 public employees and retirees.

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