From: jkreznar@ininx.com (John E. Kreznar)
Date: Wed, 13 Apr 94 19:21:05 PDT
To: frissell@panix.com
Subject: Quants vs Congress
In-Reply-To: <199404131404.AA29334@panix.com>
Message-ID: <9404140219.AA09878@ininx>
MIME-Version: 1.0
Content-Type: text/plain


-----BEGIN PGP SIGNED MESSAGE-----

> Big hearings in Congress today about how evil derivatives and the quants 
> who build them are.  They are a threat to government as we know it.  Don't 
> tell anyone but the "intermediation of political risk" was one of the 
> greatest invention of the 1980s.  Combine same with strong crypto and you 
> almost have to feel sorry for the public employees in our midst.  Watch 
> out for a little downsizing.  

Aw c'mon Duncan.  Derivative of what?  What's a quant?  Where was the
term ``intermediation of political risk'' used?

I love your postings when I can make sense of them.  This one is so well
encrypted I can't.

> To show that I'm a charitable guy, I have some free advice to anyone 
> reading this who is involved in "taking the King's shilling":

Do you really think that such people deserve charity?

	John E. Kreznar		| Relations among people to be by
	jkreznar@ininx.com	| mutual consent, or not at all.

-----BEGIN PGP SIGNATURE-----
Version: 2.3a

iQCVAgUBLayny8Dhz44ugybJAQFnxwQA3ds9LuJq5S5DSoyh1YUC4C1I5osjcbbY
7CWVwE4NWG0vVuUuhiWuY758MhAfTUq0cvaVGI+fuMV6vyY8gG+muWR8QcDQZPpY
bHoPSHgg/zzK1pfzJEM7LguIQsszzWAdJ6OllOsB0OfqwiaAiAphzF1HC/od+iqb
R7hAJ5Kx1CU=
=hqdA
-----END PGP SIGNATURE-----