Inconvenient
Facts On
Wall Street
By Andres Agostini
www.AgostiniNews.blogspot.com
In Actuality,
What Happened
in Wall Street?
(enhanced)
By Andres Agostini
www.AgostiniNews.blogspot.com
I am really upset about what happened. I am concerned. This is a worldwide inflection point of graveness. Headlines on Earth will ensue ubiquitously for a long time.
Consequences will be unthinkable. Time, again, for deep reflections.
This affects the West as wars are fought and the World is increasingly plagued with predicaments like Poverty, Global Climate/Geological, Terrorism, Nuclear Weapons Proliferation, Overpopulation, Energy Insecurity, Public Confidence Shaken (since 9/11), a Whole Gamut of Political/Geopolitical Problems everywhere, so forth.
Before proceeding any further, it’s timely to remember, “Everything is related to everything else.”
Probable and alleged, seemingly Causes, METAPHORICALLY SPEAKING (among others):
Lack of Regulation + Lack of Supervision + Lack of Transparency to Public + Minimal/Inconsequential Accountability + Corporate malfeasance + Universal Values/Ethics Rejection + Lack of Applied Science (with the omniscience perspective) + Across-the-Board Failure of Quantitative Analysis (so-called “analytics”) + When instituted, application of Suboptimal Risk Management for Financial Entities + Administration of ill-Risk Management to the Active Assets (for-a-profit organizations) + Global Failure As to Not Applying Most Stringent Systems Risk Management (“Transformative and Integrative Risk Management, with the omniscience perspective and way beyond/away from financials) + Zero Implementation of Thorough QUALITATIVE ANALYSIS (with the omniscience perspective) + Womb-to-Tomb Underestimation of Complexity (both in details and in its dynamics) + Deep Propensities to Bend the Rules (managerial, financial, concerning the disciplines applied) + Faulty Application of Systems and Approach + No Institution of Proper Scenario Methods + Do Incumbents Understand the Driving Forces (those subtle and dramatic) of this Terra Incognita? + Suboptimal Insurance, Reinsurance, Performance Bonds (among other bonds) + Resting On Laurels Because of Backing of Three or Four Nobel Prize Laureates in Economics + Price Elasticity Subject to Bold Volatility + Miserable Performance Reporting and Forecasting + The Incomprehension of Newest Factors Stemming From Economy’s Driving Forces in Intersection, Intertwining, and Superposition Were Not Considered + Over-Reliance on Information Technology + Crude Prices + Food Prices + Subprime Mortgage Meltdown + Fanny’ and Freddy’s + Federal Reserve System? + Absence of Cooperation Between FED and Executive Branch? +Other Developed Nations’ Central Banks Engaged in Passiveness + Business Model Obsolescence of Investment Banks + World’s Financial System + Over-Blown Brokerage’s Speculation + Challenging the Economics Pervasive Forces of Uncertainties and Fears + Playing Zillionaires’ Gambles With All-Walks-Of-Life People, Forcefully Raising the Ante to Decreasing Growth + And the Academy of American Science’s Say? + A Tsunami of Greed and Absence of Intellectual, Cultural, and Spiritual Riches + Abundant Derivatives and Derivatives’ Derivatives + A CHANGED CHANGE WORLD (MULTIVERSE) + Operating Incumbents With the Wrong Perception of As-of-Now Zeitgeist, Stemming from Marshalling Weltanschauung + A Flood of Electronic/Cybernitized Connections (numerical and narrative data intangibly teleporting from A to B without thorough control) + Outdated Accounting Systems as per the Sophisticated Century-21 Economy + Over-Abusive Human-In Silico Interrelationships + Zero Humane Riches + WOW: to disrupt morality to allegedly gain more, indeed? + Too Huge an Intellectual Burden for a Single FED Chairman, Who’s a Permanent Loner Missing an External, Cross-Functional Counseling à la Robust + Managers, Traders, and Brokers with Imbedded Win/Loose Mentality To Their Benefit + Without a Genuinely Personally Commitment to Superior Education-Plus, Culture, Fine Arts and Literature, and Global Communities + Unrecognizing and Systematical Disrespect for THE HUMAN RACE.
Copyright 2008 Andres Agostini
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