Category: Finance

The first thing that flees is capital

5 June, 2008 (08:42) | Capital markets, Finance, Global news, Kenya, Markets, Theory | No comments

When a country explodes into violence, what we see are images of property destroyed:
 

From BBC Site: People walk around the charred remains of a market in Nairobi’s Kibera slum
 
…but the true damage is less visible, for whereas property can only be burned down, capital can flee – and it flees much, much faster than any […]

Reform step 1: license the brokers

29 May, 2008 (08:53) | Capital markets, Finance, Legislation and policy, Regulation and Reform, Subprime | No comments

          
“The first thing we do, let’s kill all the lawyers.”
Henry VI, Part 2: Act iv, scene ii.

Of whose state, so many had the managingThat they lost France, and made his England bleed
 
While the total scale of the global credit compression hasn’t been fully measured, most of that disruptive wave is behind us, as demonstrated […]

Meta-finance: Part 2, the Basic Model

12 March, 2008 (08:55) | Finance, Global, Hard debt, Innovations, Theory | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday, in pondering how to finance group-benefit infrastructure like public toilets, we introduced meta-finance, a means of lending to a contemporaneously formed group of people for their group benefit.  On behalf of Development Innovations Group, and as research for a paper, Meta-finance, prepared for DIG as part of DIG’s Housing Finance […]

Meta-finance: Part 1, the challenge of group-benefit lending

11 March, 2008 (10:00) | Finance, Global, Hard debt, Innovations, Theory | No comments

How do you finance a public toilet?
 

If you’re French, you invent the pissoir
 
That’s a fairly simple problem in municipalities where every home has its own indoor plumbing, because the need for public toilets is minimal.  Then too, if you have lots of public accommodations – offices, restaurants, stores – you can require these businesses to […]

The homeowner who never was

15 February, 2008 (09:51) | Finance, Markets, Subprime, US News | No comments

After the Allies’ 1943 capture of Tunis ended the North African phase of World War II, they faced another amphibious landing with a vast choice of targets.  To fool the Germans as to the intended landing point, British Intelligence devised Operation Mincemeat, procuring an anonymous cadaver, dressing him as Major William Martin, RM, and releasing […]