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One trend you may wish to keep an eye on over the coming year is how the
market for home mortgages develops. The height of the securitization
boom is very much a tale of networks in which mortgages were repackaged
and sold to far away parties through complex, trust-based exchange
networks that in retrospect were not very trustworthy. Current
reporting on the state of mortgage market is that lenders are being much
more careful on evaluating the credit worthiness of their borrowers
requiring direct interaction and observation. The importance of trust
and the pervasiveness of information asymmetries may act as strong
brakes on a return to the fully networked characteristics of the
pre-meltdown mortgage market.
Chris
-----Original Message-----
From: Social Networks Discussion Forum [mailto:[log in to unmask]] On
Behalf Of Barry Wellman
Sent: Sunday, July 25, 2010 9:17 AM
To: [log in to unmask]
Subject: A challenge: trends AWAY from networks
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Folks,
Lee Rainie and I have just drafted The Network Revolution chapter in
which
we talk about the trend towards a Networked Society. (This is for our
Networked book -- MIT Press, out in a year.) We document a dozen things,
such as tech (ICTs), interstate hiways (and Euro equivalents), family
and
work reconfigurations, etc.
But Lee has issued me a challenge, which I am transitively passing on to
you:
Are there trends leading back to bounded-group based societies in the
developed world? (Its easy to think of such trends in insecure 3rd world
societies, where people have reason to fear attacks from strangers.)
Looking forward to your suggestions.
Barry Wellman
_______________________________________________________________________
S.D. Clark Professor of Sociology, FRSC NetLab Director
Department of Sociology 725 Spadina Avenue, Room 388
University of Toronto Toronto Canada M5S 2J4 twitter:barrywellman
http://www.chass.utoronto.ca/~wellman fax:+1-416-978-3963
Updating history: http://chass.utoronto.ca/oldnew/cybertimes.php
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