Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

Activity

You added a vocabulary term
7 years, 8 months ago
You added a note
7 years, 8 months ago

low resistance means high liquidity topic/financialisation

[...] all financial crises are, elementally, crises of liquidity: the fluid convertibility of one form of capital into another [...] In the most recent crisis, derivatives and other securities based on the sub-prime market ceased overnight to be convertible into ready cash or other assets because n…

—p.171 Resistance (and its Discontents): Finance, Regulation and Cultural Politics (155) by Max Haiven
You edited a note
7 years, 8 months ago

sub-prime loans as a form of resistance? topic/financialisation

For our purposes, it should be noted that the entire sub-prime market was based on offering NINJA borrowers a chance for privatized upward class mobility through the lure of home ownership. One way of reading this situation is to suggest that low-income workers accepted the loans as a form of resis…

—p.169 Resistance (and its Discontents): Finance, Regulation and Cultural Politics (155) by Max Haiven
You edited a note
7 years, 8 months ago

sub-prime loans as a form of resistance? topic/financialisation

For our purposes, it should be noted that the entire sub-prime market was based on offering NINJA borrowers a chance for privatized upward class mobility through the lure of home ownership. One way of reading this situation is to suggest that low-income workers accepted the loans as a form of resis…

—p.169 Resistance (and its Discontents): Finance, Regulation and Cultural Politics (155) by Max Haiven
You added a note
7 years, 8 months ago

sub-prime loans as a form of resistance? topic/financialisation

For our purposes, it should be noted that the entire sub-prime market was based on offering NINJA borrowers a chance for privatized upward class mobility through the lure of home ownership. One way of reading this situation is to suggest that low-income workers accepted the loans as a form of resis…

—p.169 Resistance (and its Discontents): Finance, Regulation and Cultural Politics (155) by Max Haiven