Stiglitz’s Cure
I received the latest copy of Condé Nast Portfolio yesterday and read about the article Stiglitz wrote. In there he advocated for the homeowner’s version of Chapter 11, though I did not see any term relating to writedowns. He’s saying he wants to eliminate the asset by Chapter 11, not writing it down based on percentage.
As a homeowner myself, I see this as definitely the cure, especially tailored for the ones who are in the grinder at the moment. Those who walked-away will probably never get their homes back, but those who are still hanging in there waiting for a savior, a solution based on Stiglitz could possibly work.
How? The next president should enact a law targetting those numbers.
Then, there’s another angle into it that needs to be considered. According to a Stiglitz book I read a few years back, rule of law and trust are some of the main ingredients needed to have a sound and vibrant market. Take one away and the market will probably tailspin. Fixing the mess by revamping the law could restore trust in the market. Something to the effect of a New New Deal FDR-style could be taken.
And then there’s the issue of spending. Have you seen the NASA MMO RFP? It came to me as some sort of a message that budgets are being slashed, held tight by some unknown fear. Again, why would a government agency tighten its belt as if things are going to the great depression? We’ve been there before and we know the solution: SPEND, SPEND, SPEND.




The symbol is a syllable having the English pronunciation ‘DO’ meaning ‘The Way Of’ more commonly found in the Hanggul script. Practitioners are basically taught by guides or teachers who by years of learning have mastered the art. Success or enlightenement is said to be achieved when the mind and body join into one, where form are no longer form but part of the spirit that move body. One mind and body is Zen.
Western thought, originally were pretty much Aristotelian. So obvious that, the Greek civilization made a huge impression in the formation of western thought and it still considered a major influence as of today. Grammar and empiricism played a crucial part of the western thought. Intelligence bounded not by Zen but by connection of symbols with other symbols, forming a vast network of collections supported by empiricism.



It was a dark cold night. No stars were piercing through the clouds as I gazed up the sky for a few seconds and sighed as the cold spell continues on in the cold February air. People around were wearing thick, some wearing thin, as I walked past them going to the bookstore.






