TECHNOLOGOS PROPOSING ALTERNATIVE FINANCIAL SYSTEM FRAMEWORK CHALLENGING TREASURY SECRETARY GEITHNER OUTLINED PATCHWORK OF RESTORATION OF OLD FINANCIAL SYSTEM INSTRUMENTS AND INSTITUTIONS AS VOID STRATEGICAL GLOBAL OUTREACH TO JUMPSTART ECONOMY BY STABILIZING DYSBALANCED & DYSFUNCTIONAL FINANCIAL SYSTEM. Technologos proposing design robust and resilent banking infrastructure with priority of financial intelligence and redundancy features by creating prototype model through economic psycho science institution to define how to monitor and control a new financial order architecture by taking in account feasable cognitive insights of mental and psycho processes where information technology construct intelligent finance models infrastructure global topology and new financial theory of global monitoring framework analising phony market ideologies fallacies View http://www.xmail.net/technologos/ALAN.html and http://www.xmail.net/technologos/ as renown economists Roubini and Taleb, who predicted the global economic downturn even called for a nationalization of banks to stop the financial system meltdown while Nobel prize-winning economists Joseph Stiglitz and Paul Krugman who thinks this crisis is out of control and there is no reason to think there is any spontaneous mechanism for recovery “To solve the current economic problem, the government must be willing to run up a 40 percent budget deficit, the risk of not doing it is greater than running up the debt required to do it , Krugman said.
The financier George Soros have challenged market fundamentalism ideologies and criticize inadequate old policies solutions to imminent global financial crisis created by the WS banks and not willing to participate with gov proposal to invest in it’s chimeric gov-private investment fund to save the failed banking industry. Financial bailout plan should consider nationalizing the troubled banks it is assisting in the plan thinks Stiglitz so the bailout program thus far was flawed. “It’s very strange to have a system of capital allocation when the ones allocating the capital don’t bear the risk…that’s not capitalism, that’s not a market economy. So all the theories about why a market economy will work well have been totally destroyed by the role the government has taken in absorbing risk”
http://www.xmail.net/technologos/ALAN2.html View NOBEL PRIZE ECONOMY WINNERS WEBCINEMA AS ANTIDOTE http://www.xmail.net/technologos/ANASH.html and http://www.xmail.net/technologos/ALAN1. to Greenspan fallacy legacy of financial meltdown with his acceptance of conceptual flaw in the financial system. View Madoff Affair Hearing in Congress where SEC which epitomize the financial monitoring institution folly or fallacy on mock Trial by inquisitive senators while the principal whistleblower Markopolos testifies.
Subcommittee criticises senior staff members at the Securities and Exchange Commission as irresponsible and inapt to respond to tipster Markopolos’s on Madoff Ponzi scheme exposure critiques, which he summarized in his testimony – the agency “is nonfunctional and, as witnessed by the Madoff scandal, is harmful to our capital markets and harmful to our nation’s reputation as a financial leader.”
Pages
Archives
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2014
- April 2014
- March 2014
- February 2014
- October 2012
- November 2011
- July 2011
- May 2011
- April 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- May 2010
- March 2010
- November 2009
- October 2009
- August 2009
- July 2009
- June 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
Vitruvius Technologos