I am working on the world's rightest-wing Jewish "college" project. It includes a highly industrialized kitchen and dining room, with interesting solutions to Halachic problems. So, in addition to the "regular" concern with avoiding crossing fresh food lines with waste flows, here milk and meat foods are separated and there is also a department for fish. The dining hall has a dozen special basins for ritual handwashing and saying of blessings. But my mind is on other things.
Financial intermediation. It is traditional Jewish focus of interest and yes, I am no exception. From Mahalanobis (a blog): The rapid growth of the market-based financial system since the mid-1980s changed the nature of financial intermediation in the United States profoundly. Within the market-based financial system, “shadow banks” are particularly important institutions. Shadow banks are financial intermediaries that conduct maturity, credit, and liquidity transformation without access to central bank liquidity or public sector credit guarantees. Examples of shadow banks include finance companies, asset-backed commercial paper (ABCP) conduits, limited-purpose finance companies, structured investment vehicles, credit hedge funds, money market mutual funds, securities lenders, and government-sponsored enterprises.
How can I get a foot in this fascinating world of golden opportunity?
6 comments:
OT: Hungarian Jew science crusader
http://www.nationalpost.com/news/Campus+torn+dispute+over/3767102/story.html
Thanks.
J, you need an open thread on this blog.
Doesn't Israel have a shadow banking industry?
You can gain a foothold by buying mortgage-backed bonds. Ha, ha ha.
Seriously as an individual investor the dice are loaded and those running the financial intermediaries will never give a sucker an even break or let you in on any real opportunity - either the returns will be limited or the risks enormous or both.
"Pay day lending" is another such shadow banking system. The profits are enormous and it is exactly the kind of thing that Jews traditionally did.
K
Regarding the link above, there is a whole industry now in the US based on re-classifying lack of intelligence as "learning disability". Legally, "disabilities" must be "accommodated", so for example you have to put ramps into classroom buildings so those in wheelchairs can attend. You "accommodate" the slow witted (excuse me, learning disabled) by giving them extra time on tests, allowing them to dictate or be read to instead of reading or writing, etc. If you fail to do so, they can sue. These accommodations start at the earliest grades and as the children have grown older they have followed them, to high school, college and now grad school. These are children of lesser intelligence who come from upper middle class families (often Jewish and professional) who cannot accept that their children are not professional material themselves. Working class parents have no problem with the idea that Billy is not cut out for academia and should become a mechanic but for professional parents it is a shanda (shameful for the non-Jewish readers).
An incompetent math PhD is no danger but my wife (who works in this field) not long ago had to deal with someone trying to pass the tests to become an anesthesiologist who had a problem with number reversal - she would write down 205 mg. as 502 mg. Again she was one of the slow witted who had been pushed thru the system from a young age. You can imagine that could be dangerous in that field. My wife suggested to her that she go into lab research where she would not be administering dosages to live patients. I hope she followed her advice. Scary.
K
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