25-11-2008, 02:26 PM
Paul, I was taken with your idea and am now working hard to found the Deep Politics Forum Bank of the Bahamas. Deposits from tax-payers and drug barons - and "Merchants of Death" are both welcome and sought.
Once we have our first 10 mil we'll leverage at the same ratio that Long Term Capital Management did by using the 10 mil to "borrow" US Treasury Bonds (okay, strictly speaking its absolutely illegal to do this but who's looking, right). Then we deposit the bonds as collateral against a leveraged loan. Now we have 100 mil. Good huh!
Okay, so now we take the 100 mil and yup, we repeat the procedure with other banks -- and keep doing so time after time. Our first major hurdle is one billion. After that it's all plain sailing.
Just before our house of cards collapses, we pull the plug and run with the money - laying it offshore in secret accounts. We then demand the US government rescue us and sit back sipping vintage cognac waiting for the handout that also will go into offshore secret bank accounts.
If you're happy with this idea, I'd like to ask you to become the bank president (we need a front man you see). Adequate compensation can be discussed at a later date.
David
Once we have our first 10 mil we'll leverage at the same ratio that Long Term Capital Management did by using the 10 mil to "borrow" US Treasury Bonds (okay, strictly speaking its absolutely illegal to do this but who's looking, right). Then we deposit the bonds as collateral against a leveraged loan. Now we have 100 mil. Good huh!
Okay, so now we take the 100 mil and yup, we repeat the procedure with other banks -- and keep doing so time after time. Our first major hurdle is one billion. After that it's all plain sailing.
Just before our house of cards collapses, we pull the plug and run with the money - laying it offshore in secret accounts. We then demand the US government rescue us and sit back sipping vintage cognac waiting for the handout that also will go into offshore secret bank accounts.
If you're happy with this idea, I'd like to ask you to become the bank president (we need a front man you see). Adequate compensation can be discussed at a later date.
David
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14