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Lend Me Your Love: Difference between revisions
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*Baby agrees to lend a quantity (unspecified) of love to Memphis Slim. | *Baby agrees to lend a quantity (unspecified) of love to Memphis Slim. | ||
*As [[collateral]] [[security]] for his obligation to return her love, Mr. Slim grants Baby a [[mortgage]] over his own love, which for the time being, he is holding on his own balance sheet. | *As [[collateral]] [[security]] for his obligation to return her love, Mr. Slim grants Baby a [[mortgage]] over his own love, which for the time being, he is holding on his own balance sheet. | ||
*We surmise that Mr Slim is intending to take Baby’s love and [[reuse]] it elsewhere. | *We surmise that Mr Slim is intending to take Baby’s love and [[reuse]] it (or “[[rehypothecate]]” it, as our American friends might say) elsewhere. | ||
*Seeing as he has at least an equivalent amount of his own love which he is holding subject to a fixed charge, we | *Seeing as he has at least an [[equivalent]] amount of his own love which he is holding subject to a [[fixed charge]], we deduce that Baby’s love and Memphis Slim’s love cannot be [[fungible]] (otherwise this would be a transaction without any economic substance. Which would get Memphis Slim’s [[tax]] [[Mediocre lawyer|lawyers]] in a lather.) | ||
*While their respective loves might not be [[fungible]], Mr Slim contemplates buying out his obligations under the [[love mortgage]], perhaps with love received from this other woman, raising the prospect that | *While their respective loves might not be [[fungible]], Mr Slim contemplates buying out his obligations under the [[love mortgage]], perhaps with love received from this other woman, raising the prospect that the love of one woman might (in Mr Slim’s [[Legal opinion|opinion]], at any rate) be freely exchangeable, strongly [[correlated]] [[mark-to-market]] values, if not outright [[fungible]] with the love of another. The [[JC]] prefers not to speculate. | ||
{{popmangle}} | {{popmangle}} | ||
*[[Rebel Yell]] | *[[Rebel Yell]] | ||