Hello All,
Have been a bit busy of late with finance-regulatory developments, and so have not been posting on more fundamental matters these past several weeks. But there will presumably be more time for that soon. In the meanwhile, for any RLL readers who might be interested in the recent hullabaloo over Goldman Sachs and related concerns, there's some analysis of what is at stake, provided by a local entertainer, here: http://www.dorfonlaw.org/2010/05/meanings-of-goldman-sachs.html . I'd be especially interested in folks' reactions to the last couple of paragraphs, which project ahead to forthcoming work on how we might render the financial economy more helpful to those sectors of our and the global polity with much less disposable income and financial sophistication than Wall Street's currently dominant clientele. There's a bit more on that here: http://www.lawschool.cornell.edu/ . Wouldn't it be lovely were we to prove able to bring a 'preferential option for the poor' to the options markets themselves?
All best,
Bob
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