Comments on: Obama must tame finance at G20 Summit: Here’s how http://www.debtonation.org/2009/09/obama-must-tame-finance-at-g20-summit-heres-how/ Fri, 27 Aug 2010 19:13:52 +0100 hourly 1 By: ann http://www.debtonation.org/2009/09/obama-must-tame-finance-at-g20-summit-heres-how/comment-page-1/#comment-1337 ann Sun, 18 Oct 2009 17:08:53 +0000 http://debtonation.org/?p=2866#comment-1337 Aw shucks, Frank, thank you so much....It is so good getting positive feedback...promise to keep going. Ann Aw shucks, Frank, thank you so much….It is so good getting positive feedback…promise to keep going. Ann

]]> By: Frank Scurley http://www.debtonation.org/2009/09/obama-must-tame-finance-at-g20-summit-heres-how/comment-page-1/#comment-1333 Frank Scurley Thu, 15 Oct 2009 23:57:26 +0000 http://debtonation.org/?p=2866#comment-1333 I don<a HREF="http://community.fox8.com/_Real-Estate-Mutual- Funds/blog/998171/92757.html" rel="nofollow">'</a>t know If I said it already but ...Cool site, love the info. I do a lot of research online on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I'm glad I found your blog. Thanks, :) ....<a HREF="http://www.xbox360achievements.org/forum/member.php?u=245385" rel="nofollow">.</a>Frank Scurley I don

…..Frank Scurley

]]> By: the.Duke.of.URL http://www.debtonation.org/2009/09/obama-must-tame-finance-at-g20-summit-heres-how/comment-page-1/#comment-1258 the.Duke.of.URL Thu, 10 Sep 2009 13:47:51 +0000 http://debtonation.org/?p=2866#comment-1258 The Wall Streeters are now planning to securitize an area that has so far been off limits to this kind of thing, life insurance. They claim that they are working hard to make this strategy work well. Only by living in a realm where reality never intrudes could one think this to be at all possible. Someone has to make them come back down to earth. It looks like it is Obama's turn. The big question is whether he will fumble the ball. His record so far in finance and health care is not that good. It is infuriating that Brown and Darling seem to be unable to grasp this particular nettle. Lenin once asked what was to be done, and near the end of his life realized that his initial response to this question was wrong. He didn't get a second chance; Obama has one, but will he be able to take advantage of what opportunities he still has? The Wall Streeters are now planning to securitize an area that has so far been off limits to this kind of thing, life insurance. They

claim that they are working hard to make this strategy work well. Only by living in a realm where reality never intrudes could one think this to be

at all possible.

Someone has to make them come back down to earth. It looks like it is Obama’s turn. The big question is whether he will

fumble the ball. His record so far in finance and health care is not that good. It is infuriating that Brown and Darling seem to be unable to grasp

this particular nettle.

Lenin once asked what was to be done, and near the end of his life realized that his initial response to this

question was wrong. He didn’t get a second chance; Obama has one, but will he be able to take advantage of what opportunities he still has?

]]> By: the.Duke.of.URL http://www.debtonation.org/2009/09/obama-must-tame-finance-at-g20-summit-heres-how/comment-page-1/#comment-1255 the.Duke.of.URL Thu, 10 Sep 2009 09:29:03 +0000 http://debtonation.org/?p=2866#comment-1255 Spot on again, Ann. With respect to the psychology of certain members of the financial sector, It would be useful for us all to read, I think, the two complementary analyses: Babiak & Hare, Snakes in Suits: When Psychopaths Go To Work (2006) and David Owen (yes, the very same), The Hubris Syndrome (2007). Robert Hare is a world expert on psychopathic behavior and Owen was trained as a psychiatrist. Each describes the symptoms that characterize these two conditions. However, I think it is useful to make a slightly different distinction than Hare does between the state of psychopathy and that of sociopathy - they should not be considered to be interchangeable terms. Without going into any detail, it is useful to differentiate two types of psychopathy situationally in the following way: a psychopath acts without conscience or empathy in every situation s/he finds himself in, while a sociopath acts in this way only in certain delimited situations, such as at work. Regarding hubris, I think it safe to say that some of our top financiers appear to exhibit this syndrome. I don't mean to be cryptic, but I didn't wish to take up too much space. Spot on again, Ann.

With respect to the psychology of certain members of the financial sector, It would be useful for us all to

read, I think, the two complementary analyses: Babiak & Hare, Snakes in Suits: When Psychopaths Go To Work (2006) and David Owen (yes, the very

same), The Hubris Syndrome (2007). Robert Hare is a world expert on psychopathic behavior and Owen was trained as a psychiatrist.

Each

describes the symptoms that characterize these two conditions. However, I think it is useful to make a slightly different distinction than Hare

does between the state of psychopathy and that of sociopathy – they should not be considered to be interchangeable terms.

Without going

into any detail, it is useful to differentiate two types of psychopathy situationally in the following way: a psychopath acts without conscience or

empathy in every situation s/he finds himself in, while a sociopath acts in this way only in certain delimited situations, such as at work.

Regarding hubris, I think it safe to say that some of our top financiers appear to exhibit this syndrome.

I don’t mean to be cryptic, but I

didn’t wish to take up too much space.

]]>