Author Topic: Moral Hazard in the Market  (Read 1664 times)

0 Members and 1 Guest are viewing this topic.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 67914
  • Alea iacta est! Libertatem aut mori!
Moral Hazard in the Market
« on: August 29, 2011, 08:15:23 AM »
If "if's and but's" were candy & nuts everyday would be Christmas!

http://www.zerohedge.com/news/charting-latest-iteration-moral-hazard
We are now where The Founders were when they faced despotism.

charlesoakwood

  • Guest
Re: Moral Hazard in the Market
« Reply #1 on: August 29, 2011, 10:52:28 AM »


Once upon a time there was a little black boy, and his name was Little Black Sambo. And his Mother was called Black Mumbo, and his Father was called Black Jumbo.

And Black Mumbo made him a beautiful little Red Coat, and a pair of beautiful little Blue Trousers.

And Black Jumbo went to the Bazaar, and bought him a beautiful Green Umbrella, and a lovely little Pair of Purple Shoes with Crimson Soles and Crimson Linings. And then wasn't Little Black Sambo grand?

So he put on all his Fine Clothes, and went out for a walk in the Jungle. And by and by he met a Tiger. And the Tiger said to him, "Little Black Sambo, I'm going to eat you up!" And Little Black Sambo said, "Oh, Please, Mr. Tiger, don't eat me up, and I'll give you my beautiful little Red Coat." So the Tiger said, "Very well, I won't eat you this time, but you must give me your beautiful little Red Coat." So the Tiger got poor Little Black Sambo's beautiful little Red Coat, and went away saying, "Now I'm the grandest Tiger in the Jungle."

And Little Black Sambo went on, and by and by he met another Tiger, and it said to him, "Little Black Sambo, I'm going to eat you up!" And Little Black Sambo said, "Oh, please, Mr. Tiger, don't eat me up, and I'll give you my beautiful little Blue Trousers!" So the Tiger said, "Very well, I won't eat you this time, but you must give me your beautiful little Blue Trousers."

So the Tiger got poor Litle Black Sambo's beautiful little Blue Trousers, and went away saying, "Now I'm the grandest Tiger in the Jungle."

And Little Black Sambo went on and by and by he met another Tiger, and it said to him, "Little Black Sambo, I'm going to eat you up!" And Little Black Sambo said, "Oh, please, Mr. Tiger, don't eat me up and I'll give you my beautiful little Purple Shoes with Crimson Soles and Crimson Linings!"

But the Tiger said, "What use would your shoes be to me? I've got four feet, and you've got only two; you haven't got enough shoes for me." But Little Black Sambo said, "You could wear them on your ears."

"So I could," said the Tiger. "That's a very good idea. Give them to me, and I won't eat you this time." So the Tiger got poor Little Black Sambo's beautiful little Purple Shoes with Crimson Soles and Crimson Linings, and went away saying, "Now I'm the grandest Tiger in the Jungle."

And by and by Little Black Sambo met another Tiger, and it said to him, "Little Black Sambo, I'm going to eat you up!" And Little Black Sambo said, "Oh, please, Mr. Tiger, don't eat me up, and I'll give you my beautiful Green Umbrella!" But the Tiger said, "How can I carry an umbrella, when I need all my paws for walking with?"

"You could tie a knot in your tail and carry it that way," said Little Black Sambo. "So I could," said the Tiger. "Give it to me, and I won't eat you this time." So he got poor little Black Sambo's beautiful Green Umbrella, and went away saying, "Now I'm the grandest Tiger in the Jungle." And poor Little Black Sambo went away crying, because the cruel Tigers had taken all his fine clothes.

Presently he heard a horrible noise that sounded like "Gr-r-r-rrrr," and it grew louder and louder. "Oh, dear!" said Little Black Sambo, "there are all the Tigers coming back to eat me up! What shall I do?" So he ran quickly to a palm tree and peeped round it to see what the matter was.

And there he saw all the Tigers fighting, and disputing which of them was the grandest. And at last they all got so angry that they jumped up and took off all the fine clothes, and began to tear each other wituh their claws, and bite each other with their great big white teeth.

And they came, rolling and tumbling right to the foot of the very tree where Little Black Sambo was hiding, but he jumped quickly in behind the umbrella. And the Tigers all caught hold of each other's tails, as they wrangled and scrambled, and so they found themselves in a ring around the tree.

Then Little Black Sambo jumped up, and called out, "Oh, Tigers! Why have you taken off all your nice clothes? Don't you want them any more?" But the Tigers only answered, "Gr-r-r-rrrrr!"

Then Little Black Sambo said, "If you want them, say so, or I'll take them away." But the Tigers would not let go of each others' tails, and so they could only say, "Gr-r-r-rrrrr!"

So Little Black Sambo put on all his fine clothes again and walked off. And the Tigers were very, very angry, but still they would not let go of each others' tails. And they were so angry, that they ran round the tree, trying to eat each other up, and they ran faster and faster, till they were whirling round so fast that you couldn't see their legs at all.

And they still ran faster and faster and faster, till they all just melted away, and there was nothing left but a great big pool of melted butter (or "ghi," as it is called in India) round the foot of the tree.

Now Black Jumbo was just coming home from his work with a great big brass pot in his arms, and when he saw what was left of all the Tigers he said, "Oh, what lovely melted butter! I'll take that home to Black Mumbo for her to cook with." So he put it all into the great big brass pot, and took it home to Black Mumbo to cook with. When Black Mumbo saw the melted butter, wasn't she pleased! "Now," said she, "we'll all have pancakes for supper!" So she got flour and eggs and milk and sugar and butter and she made a huge big plate of most lovely pancakes. And she fried them in the melted butter which the Tigers had made, and they were just as yellow and brown as little Tigers. And then they all sat down to supper. And Black Mumbo ate twenty-seven pancakes, and Black Jumbo ate fifty-five but Little Black Sambo ate a hundred and sixty-nine because he was so hungry.
 
from Little Black Sambo
        by Helen Bannerman, 1899




Offline Alphabet Soup

  • Conservative Superhero
  • *****
  • Posts: 5610
  • Hier standt ich. Ich kann nicht anders
Re: Moral Hazard in the Market
« Reply #2 on: August 29, 2011, 11:02:38 AM »
Dayum I'm old! But my memory is intact. I can still recall my Kindergarten teacher reading this story to us wide-eyed chilluns. A cautionary tale to be sure, we were all impressed on what to do should we encounter any tigers....or sambos.  ;D

Offline Pandora

  • Administrator
  • Conservative Superhero
  • *****
  • Posts: 19533
  • I iz also makin a list. U on it pal.
Re: Moral Hazard in the Market
« Reply #3 on: August 29, 2011, 04:14:02 PM »
Dayum I'm old! But my memory is intact. I can still recall my Kindergarten teacher reading this story to us wide-eyed chilluns. A cautionary tale to be sure, we were all impressed on what to do should we encounter any tigers....or sambos.  ;D

Mine isn't.  I'm so old I forgot the tigers made butter out of themselves.
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

"Let us assume for the moment everything you say about me is true. That just makes your problem bigger, doesn't it?"

RickZ

  • Guest
Re: Moral Hazard in the Market
« Reply #4 on: August 29, 2011, 04:39:52 PM »
I remember Sambo's restaurants, but never heard/read the actual story.


Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 67914
  • Alea iacta est! Libertatem aut mori!
Re: Moral Hazard in the Market
« Reply #5 on: August 29, 2011, 09:41:07 PM »
I was the graveyard shift cook at one in town between high school and boot camp.  We had Sambo's stuff on menus, paper placemats...everywhere!  And you know what?  Nobody, customer or employee, gave it a second thought, no shrieks of horror over perceived racism, no protests or boycotts.  That America is gone, likely for good...no more innocents...what a shame.  I think we were a lot more colorblind back then, not so much now.  Thanks to jackasses like the Justice Brothers!
We are now where The Founders were when they faced despotism.

charlesoakwood

  • Guest
Re: Moral Hazard in the Market
« Reply #6 on: August 29, 2011, 11:58:11 PM »
If "if's and but's" were candy & nuts everyday would be Christmas!

http://www.zerohedge.com/news/charting-latest-iteration-moral-hazard


Got about half way through the article and the imagery of those tigers lept off the pages.

 

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 67914
  • Alea iacta est! Libertatem aut mori!
Re: Moral Hazard in the Market
« Reply #7 on: August 30, 2011, 06:33:23 AM »
Knowing if you are predator or prey is survival step #1.

 ;)
We are now where The Founders were when they faced despotism.