An amusing notion - although it certainly was an ingenious way for a musician to secure funding. I'm assuming Mr. Carter is a humorist, because securitization is older than the 90's and most of the article's comments seem to treating it about as seriously as it deserves(which is reassuring.)
However, setting the economies of the entire globe on a course that could end in nothing other than catastrophic failure does sound like something a super villain might do.
One of the things that most tickles me is the fact that anything before 1997--well, let's be generous and say 1995--for all intents and purposes never happened. Because it happened before the advent of the internet as we know it, and the data has not been digitized, so when people search for it they get no results--therefore, David Bowie invented securitization. The post-90s information bias is painful. Even a scattershot rifling through wikipedia bears it out: so many non-recent people, places and events are either not listed or listed in comically inaccurate Twitter-sized stubs. And it's impossible to correct because they want in-line citations from other websites. But, I am an old crank, and at some point, once all those ridiculous copyright limitations are resolved, the 99.999995% of human knowledge that hasn't yet made it online will get there. (And I for one would love to own Bowie Bonds in this or any other economy. You're working for me, Spaceboy! New album, stat!)
The idea of a Machiavellian Bowie sitting behind a massive space-desk, stroking an evil cat and laughing to himself as the financial world falls to ruin at his feet does have appeal. Remind me to stay on his good side.
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momijizukamori
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Date: 2009-01-14 05:23 am (UTC)However, setting the economies of the entire globe on a course that could end in nothing other than catastrophic failure does sound like something a super villain might do.
My Stock Is Amazing, It Even Sells Like The Street
Date: 2009-01-14 11:44 am (UTC)The idea of a Machiavellian Bowie sitting behind a massive space-desk, stroking an evil cat and laughing to himself as the financial world falls to ruin at his feet does have appeal. Remind me to stay on his good side.
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Date: 2009-01-22 03:08 am (UTC)