HE’D Carefully Review The LiteratureOn by
The fraud of Diederik Stapel – teacher of social mindset at Tilburg University in holland – was tremendous. For years – so we know now – Diederik Stapel composed all his data. He would carefullyreview the literature, design all the studies (along with his various co-authors), setup the experiments, print all the questionnaires, and then, rather than actually doing the experiments and distributing the questionnaires, managed to get all up. He finally got captured because, eventually, he did not even bother any longer to really make up newly faked data.
There are various things I find truly remarkable and puzzling about the situation of Diederik Stapel. • The first one is the pure scale and (eventually) outright clumsiness of his fraud. In addition, it makes me realize that there has to be dozens, maybe a huge selection of others exactly like him. They just take the action a little bit less, less extreme, and are a bit more advanced about it probably, but they’re subject to the same pressures and temptations as Diederik Stapel.
Surely others give in to them as well. He got captured because he was flying so high, he achieved it so much, therefore clumsily. But I am speculating that for every fraud that gets captured, credited to hubris, there are in least ten other ones that don’t. • The second one is that it was done by him whatsoever. Of course since it is fraud, unethical, and unacceptable, but also because it type of seems he didn’t really need it.
You have to realize that “getting the data” is only a very small proportion of all skills and capabilities one needs to get published. • That’s what I find puzzling as well; that at no point he appears to have become interested whether his experiments might actually work without him which makes it all up.
They were interesting tests; wouldn’t you sooner or later be enticed to see if they might work…? • Truly amazing, I also find the fact that he never ended. I guess he was addicted; addicted to the status and aura of continuing success. • Finally, what I find truly amazing is that the Ethics were being taught by him course at Tilburg University or college. You merely don’t up make that one; that’s Dutch irony at its best.
Thus your swap gets smashed. 3 million in market value. Had the swap remained an effective hedge, this wouldn’t be a problem, because Bumpkin Airport would be conserving an equivalent amount of money on plummeting short-term rates. So the VRDN itself is killing you. The swap is killing you.
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Basically, you’re lifeless unless something changes. What most municipalities do be refinanced the Ambac-backed deal with a fresh VRDN without that stipulation. In September and October 2008 Except for a short period, the VRDN market has been healthy fairly. So you refinance the VRDN once, then your swap goes back to being a decent hedge.
Everything computes just fine. But even if you do a new VRDN deal, you nevertheless still need a LOC from a bank or investment company. Banks aren’t so thinking about giving up their capital to make 25bps on many LOCs. Instead, they’ve been picking carefully who they deal with and charging a complete lot more to do it. If the municipality can restructure Even, it isn’t out of the woods entirely. If the swap is deeply underwater in nominal market value, the municipality probably must post additional guarantee. Think of it just like margin posting on a futures contract.