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[eviljoel]

Hello Massimo,

I kind of got the idea he was against deregulation and didn't like the
government bailing them out.  I don't think he wants the financial
system to disappear.

Later,
EJ


On Wed, Apr 13, 2011 at 9:36 PM, Massimo Di Pierro
<mdipierro at cs.depaul.edu> wrote:
> The article seems to assume there is no social value in
> pricing/buying/selling risk. I disagree.
> It reminds of a joke I heard some time ago about different parts of the body
> arguing about which one is the most important. The brain thought he would
> win but turns out the brain does not work without an hematic system, immune
> system, digestive system, etc. The financial system is the equivalent of the
> hematic system as it deals with allocation of resources. It can also be
> considered as an immune system because it in charge of dealing with risk.
> Even in the human body these systems occasionally fail but it is better to
> fix them than shut them down.
> Massimo
>
>
>
>
>
> On Apr 13, 2011, at 5:52 PM, Michael Tobis wrote:
>
> Well, there's also this point of view:
>
> http://techcrunch.com/2011/03/26/friends-don%E2%80%99t-let-friends-get-into-finance/
>
> mt
>
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