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S. A. Boyko

S. A. Boyko
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  • Derivatives and Securitization: Is your life insurance about to become detrimental to your health? [View instapost]
    Markets are complex systems. If there is complexity, there is uncertainty. In “We’re All Screwed (reference below), I argue against governance policies that conflate “risk” and “uncertainty.” The inability to move away from the risk-uncertainty conflation affects not only capital market governance but the environment, homeland security, education, and healthcare. The gravamen of this problem stems from our policymakers being almost exclusively deterministically trained—law, accounting, and economics. They therefore have difficulty identifying, analyzing, and solving issues that are increasingly becoming more indeterminate.

    What we need now is capital market governance of randomness—a blueprint for fundamental change to the legacy, one-size-fits-all deterministic governance regime. Trying to have a one-size-fits-all governance, is analogous to writing one driving manual for the US and UK. In “We’re All Screwed,” (see my profile page) I describe how to segment the market into predictable, probabilistic, and indeterminate regimes to do the right things for governance effectiveness and how to do things right for governance efficiency.

    The legacy governance system for the US capital market is in disrepair. To achieve real regulatory reform, policymakers have to move beyond form to substantive issues. Unless experimentations to the legacy, one-size-fits-all deterministic regime take place, our capital market will be caught in a recursive loop of errors of commission (boom-bust bubble inefficiencies) and errors of omission (externality market inefficiencies). Such inefficiencies will eventually render our source of economic wealth ineffective.

    If this happens, we’re all screwed.
    Oct 22, 2009. 11:26 AM | Likes Like |Link to Comment
  • Consumer Financial Protection: Revisiting the Scene of the Crime [View article]
    Markets are complex systems. If there is complexity, there is uncertainty. In “We’re All Screwed (reference below), I argue against governance policies that conflate “risk” and “uncertainty.” The inability to move away from the risk-uncertainty conflation affects not only capital market governance but the environment, homeland security, education, and healthcare. The gravamen of this problem stems from our policymakers being almost exclusively deterministically trained—law, accounting, and economics. They therefore have difficulty identifying, analyzing, and solving issues that are increasingly becoming more indeterminate.

    What we need now is capital market governance of randomness—a blueprint for fundamental change to the legacy, one-size-fits-all deterministic governance regime. Trying to have a one-size-fits-all governance, is analogous to writing one driving manual for the US and UK. In “We’re All Screwed,” I describe how to segment the market into predictable, probabilistic, and indeterminate regimes to do the right things for governance effectiveness and how to do things right for governance efficiency.

    The legacy governance system for the US capital market is in disrepair. To achieve real regulatory reform, policymakers have to move beyond form to substantive issues. Unless experimentations to the legacy, one-size-fits-all deterministic regime take place, our capital market will be caught in a recursive loop of errors of commission (boom-bust bubble inefficiencies) and errors of omission (externality market inefficiencies). Such inefficiencies will eventually render our source of economic wealth ineffective.

    If this happens, we’re all screwed.

    Stephen A. Boyko

    n2keco@bellsouth.net

    Author of “We’re All Screwed: How Toxic Regulation Will Crush the Free Market System”
    w-apublishing.com (www.w-apublishing.com/...)

    Book Review: Brenda Jubin, Ph.D Thursday, October 8, 2009
    readingthemarkets.blog...
    Boyko, We’re All Screwed!


    On Oct 21 11:14 AM Graham and Dodd Investor wrote:

    > The reason why financial failures are not documented and corrected
    > is because "too much" (money) is at stake for the affected individuals.
    Oct 22, 2009. 11:14 AM | Likes Like |Link to Comment
  • Consumer Financial Protection: Revisiting the Scene of the Crime [View article]
    Markets are complex systems. If there is complexity, there is uncertainty. In “We’re All Screwed (reference below), I argue against governance policies that conflate “risk” and “uncertainty.” The inability to move away from the risk-uncertainty conflation affects not only capital market governance but the environment, homeland security, education, and healthcare. The gravamen of this problem stems from our policymakers being almost exclusively deterministically trained—law, accounting, and economics. They therefore have difficulty identifying, analyzing, and solving issues that are increasingly becoming more indeterminate.

    What we need now is capital market governance of randomness—a blueprint for fundamental change to the legacy, one-size-fits-all deterministic governance regime. Trying to have a one-size-fits-all governance, is analogous to writing one driving manual for the US and UK. In “We’re All Screwed,” I describe how to segment the market into predictable, probabilistic, and indeterminate regimes to do the right things for governance effectiveness and how to do things right for governance efficiency.

    The legacy governance system for the US capital market is in disrepair. To achieve real regulatory reform, policymakers have to move beyond form to substantive issues. Unless experimentations to the legacy, one-size-fits-all deterministic regime take place, our capital market will be caught in a recursive loop of errors of commission (boom-bust bubble inefficiencies) and errors of omission (externality market inefficiencies). Such inefficiencies will eventually render our source of economic wealth ineffective.

    If this happens, we’re all screwed.

    Stephen A. Boyko

    n2keco@bellsouth.net

    Author of “We’re All Screwed: How Toxic Regulation Will Crush the Free Market System”
    w-apublishing.com (www.w-apublishing.com/...)

    Book Review: Brenda Jubin, Ph.D Thursday, October 8, 2009
    readingthemarkets.blog...
    Boyko, We’re All Screwed!
    Oct 22, 2009. 10:32 AM | Likes Like |Link to Comment
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