Thursday, 15 January 2009

Spinning the Record - Bowie's to Blame ?!

Writing in that fount of financial wisdom, the Daily Mirror, Evan Davis playfully suggests that David Bowie might have kicked off the credit crunch with his celebrated issue of Bowie Bonds - an entertaining but hardly epoch-making example of securitisation.

Evan, it's so much simpler, as I'm sure you know when you're not spinning the record. Certainly,
the person responsible for our woes is a washed-up player who had his heyday in the 1970's. Who's ambivalent about his, err, dealings with men and women. Who dyes his hair. Who re-launches himself constantly. Who's under pressure, and a genuine oddity.

And the name is indeed five letters, beginning with B.

Who knows ? What, me ?
I never had control
You're face to face

With t
he man who sold the gold !



Bill Quango MP said...

Thought it was all getting a bit "Life on Mars" these days.
But the green shoots mean it will all be Hunky Dory soon.
All the fault of the Young Americans, so the Cracked Actor says.

Time.. he should be gone by now, he should be gone by now.

AntiCitizenOne said...

Someone's going to fall to earth soon.

Mark Wadsworth said...

He's the man who sold the world.

Unknown said...

Utter nonsense. Clearly The Daily Mirror knows little to nothing about securitisation. The concept of mortgage-backed securitisation dates from the 1970s and the Bowie Bonds were not issued until 1997. Although Bowie may have been a visionary in the artistic sense, he certainly cannot be credited with inspiring the complex risk transfer/repackaging model (securitisation). The boom in securtisation occurred as a result of the advent of credit derivatives and FED de-regulaition ; to even suggest that Bowie's securitization sparked any sort of trend is ridiculous and discredits Davis' tabloid-level authority on economic/financial matters. In fact, securitisation of music/film revenues never really took off and is limited to a small handful of deals.

hatfield girl said...

Now it's time to leave the capsule if you dare...

Sackerson said...

Seriously, odds on Brown winning the next election?

Nick Drew said...

BQ, ACO, MW, HG - thanks for tapping the seam

Sackers - not trying hard enough, dear chap (& I don't want to think about Brown seriously just now, thank you)

Melissa - welcome. You are of course correct.

But there was something rather deliciously post-modern about Mr Bowie's manoeuvre, don't you feel ? Some folk I know at SRI did some work for a bank on how every (professional) person might be invited to monetise their future incomes, but it foundered - not on actuarial considerations but on moral hazard.

And quite right, too: would that more people took that properly into account ...

Electro-Kevin said...

You chaps do humour too.

Class !

Nick Drew said...

well thanks; yes, in our dry and obscurantist way, we do our best

(though sometimes people take us a bit literally ... that embarrassment when we told everyone to "take a spread position on Fannie Mae" ... it was just our little joke, guys ...)

come back more often, EK - always welcome here !

Anonymous said...

aaaa片, 免費聊天, 咆哮小老鼠影片分享區, 金瓶梅影片, av女優王國, 78論壇, 女同聊天室, 熟女貼圖, 1069壞朋友論壇gay, 淫蕩少女總部, 日本情色派, 平水相逢, 黑澀會美眉無名, 網路小說免費看, 999東洋成人, 免費視訊聊天, 情色電影分享區, 9k躺伯虎聊天室, 傑克論壇, 日本女星杉本彩寫真, 自拍電影免費下載, a片論壇, 情色短片試看, 素人自拍寫真, 免費成人影音, 彩虹自拍, 小魔女貼影片, 自拍裸體寫真, 禿頭俱樂部, 環球av影音城, 學生色情聊天室, 視訊美女, 辣妹情色圖, 性感卡通美女圖片, 影音, 情色照片 做愛, hilive tv , 忘年之交聊天室, 制服美女, 性感辣妹, ut 女同聊天室, 淫蕩自拍, 處女貼圖貼片區, 聊天ukiss tw, 亞亞成人館, 777成人, 秋瓷炫裸體寫真, 淫蕩天使貼圖, 十八禁成人影音, 禁地論壇, 洪爺淫蕩自拍, 秘書自拍圖片,

做愛的漫畫圖片, 情色電影分享區, 做愛ㄉ影片, 丁字褲美女寫真, 色美眉, 自拍俱樂部首頁, 日本偷自拍圖片, 色情做愛影片, 情色貼圖區, 八國聯軍情色網, 免費線上a片, 淫蕩女孩自拍, 美國a片, 都都成人站, 色情自拍, 本土自拍照片, 熊貓貼圖區, 色情影片, 5278影片網, 脫星寫真圖片, 粉喵聊天室, 金瓶梅18, sex888影片分享區, 1007視訊, 雙贏論壇, 爆爆爽a片免費看, 天堂私服論壇, 情色電影下載, 成人短片, 麗的線上情色小遊戲, 情色動畫免費下載, 日本女優, 小說論壇, 777成人區, showlive影音聊天網, 聊天室尋夢園, 義大利女星寫真集, 韓國a片, 熟女人妻援交, 0204成人, 性感內衣模特兒, 影片, 情色卡通, 85cc免費影城85cc, 本土自拍照片, 成人漫畫區, 18禁, 情人節阿性,

Anonymous said...

情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,

免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,