The features of asset paper can be metamorphic
One state of the system or other
One state equity another debt for example combined with derivativization
Could be nearly universal
The ability to automate leverage ratios at the unit level is crucial here
Rigidity is the enemy of stability continuity prosperity
Funding paper must learn to Flex not shatter
Diffusing the loss also diffuses the gain
Caveat
Moderating risk will never be a spontaneous outcome of profit max games
Assigning and enforcing accountability thru Responsibility must sharpen
Even as reformations innovations progress
The focus/ target become more accurate and inescapable
even as risk spreads
