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Reversible transactions: a great new idea
From: David Farber <dave () farber net>
Date: Sat, 18 Jul 2009 11:25:14 -0400
Begin forwarded message: From: "David P. Reed" <dpreed () reed com> Date: July 18, 2009 11:13:24 AM EDT To: dave () farber net Cc: ip <ip () v2 listbox com> Subject: Reversible transactions: a great new ideaThis thing with the Kindle deleting books (and apparently the notes and annotations a kid did on his(?) copy as part of his summer reading assignment), might turn out to be a great idea in the long run.
For example, I remember selling some stock holdings I had, only to watch the price soar a couple of weeks later. I could rewrite my terms of service with my stockbroker, allowing myself to retrieve the stock, and pay back the cost.
In fact the concept would completely solve the recent financial crisis. Just unwind all the transactions, force the bankers to return all their bonuses, etc.
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- Reversible transactions: a great new idea David Farber (Jul 18)
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