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July 10, 2014

Comments

Stephen Keith

Thoughtful essay for someone now based in Miami.

One of the most important problems with the perceived financial opportunity of turning a $3.8 million cost to a $1 million gain is that the beneficiary of the profit or loss is government.

If in fact the individual brother or sister could recognize the financial benefit of steering clear of the penal and justice systems, there may be an opportunity that could be valued and realized. For instance, if an adolescent was arrested they could be given an opportunity to participate in an educational and monitoring program sponsored by a JP Morgan REIT-like investment vehicle that would invest in such for the adolescent in return for a "reverse mortgage" stream of payments (? % of gross income) from the adolescent over their lifetime or some specified number of years. Just as with
mortgages you could estimate the number of anticipated defaults and build that into the stream of payments calculation to determine a competitive rate of return for investors in the REIT-like investment. The percentage cost of the stream of payments could be compared to the cost of interest on students loans and other programs by the adolescent and their family.

Might be interesting to model if you think this might have possibility.

Justin LeGrand-Logan

I was just talking to Uncle Drew a few weeks ago and Henri again last night about the impact it could have if their were systems in place to retool and rewire young drug offenders and would be offenders (distributors not users).

Both the inherent and learned skill sets of the "game" are not that different from the "Street" (Wall Street).

Both groups analyze and monitor the trends of products, evaluate the respective markets and competitors, and adjust the values almost daily. In the most successful organizations there are very corporate-like structures and MBA-like strategies.

http://www.usatoday.com/longform/news/nation/2014/07/02/heroin-business-dealers-dea/11706937/?Src=longreads

So what if we changed the variables? Instead of trading in heroin and marijuana could they learn to trade in Facebook and Nike?

If not publicly/government funded, will the struggles and plights of African-Americans in this century ever be either pathetic enough or popular enough to garner the interest, efforts, and financial contributions of say the Gates' and other high value philanthropists who find third world "crises" more deserving than those here at home?

J

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