I saw this while I was driving home last night, it looked fairly cool. (Unfortunately I didn't have a camera, but Flickr will provide)
Wednesday 27 May 2009
Sunday 10 May 2009
Money Bomb
There is an interesting piece over at the New York Magazine from a guy that work on the software that helped plough Wall St., and the rest of the financial planet into the ground.
There’s nothing inherently flawed about securitization. Done correctly and conservatively, it increases the efficiency with which banks can loan money and tailor risks to the needs of investors.It kinda reminds me of Homer Simpson :
Marge: I really think this is a bad idea.Expanded here.
Homer: Marge, I agree with you -- in theory. In theory, communism
works. In theory.
-- Pros and cons of keeping the elephant, "Bart Gets an Elephant"
Monday 4 May 2009
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