{"id":194531,"date":"2008-09-15T23:34:00","date_gmt":"2008-09-16T04:34:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/15\/a-good-consequence-of-the-lehman-failure\/"},"modified":"2008-09-15T23:34:00","modified_gmt":"2008-09-16T04:34:00","slug":"a-good-consequence-of-the-lehman-failure","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/15\/a-good-consequence-of-the-lehman-failure\/","title":{"rendered":"A Good Consequence of the Lehman Failure"},"content":{"rendered":"<p>It appears that they are <a href=\"http:\/\/www.reuters.com\/article\/environmentNews\/idUSLF7510320080915?feedType=RSS&amp;feedName=environmentNews\">shuttering their carbon trading desk<\/a>.<\/p>\n<p>Anything that kicks carbon trading in the teeth is a good thing.  It is bad, <strong>incredibly<\/strong> bad, policy.<\/p>\n<p>The stated idea is, &#8220;<span style=\"font-style: italic;\">Let&#8217;s let Wall Street apply the same practices ant techniques to a world threatening problem, the innovation unleashed will solve that problem.<\/span>&#8220;<\/p>\n<p>The real goal is, &#8220;<span style=\"font-style: italic;\">If we create a market mechanism for this sh#@, then I can pull down major fees as an expert in this sh#@, my Ivy League classmates can get commissions whenever someone sells this sh#@, we can get more commissions whenever we repackage these things as sh#@ backed obligations, and I can get a Porsche.<\/span>&#8220;<\/p>\n<p>Market based solutions: <span style=\"font-variant: small-caps; font-weight: bold;font-size:180%;\" >Because baby needs a Porsche<\/span><span style=\"font-size:180%;\"><span style=\"font-weight: bold;\">.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It appears that they are shuttering their carbon trading desk. Anything that kicks carbon trading in the teeth is a good thing. It is bad, incredibly bad, policy. The stated idea is, &#8220;Let&#8217;s let Wall Street apply the same practices ant techniques to a world threatening problem, the innovation unleashed will solve that problem.&#8220; The &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1079,985,982],"tags":[],"class_list":["post-194531","post","type-post","status-publish","format-standard","hentry","category-environment","category-regulation","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194531"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194531"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194531\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}