On banks and Andy
After some serious prodding during our week of holiday, my mate Andy has finally been convinced to take his knowledge of, well, everything and write it down on them thar internets. First up: Godzilla and Beaker investigate the credit crunch. Sample quotation:
This has led to an explosion in financial instruments (translation: nearly but not quite scams). Because everyone who invented, bought and sold these things was trying to scam everyone else involved, it sort of worked and huge, huge piles of loot were made for the Nazgul, the maths PHDs and the pissed old boys who still held stock. Some of this cash even made it to coke dealers and strippers, but not, alas, the homeless. This is called trickle down economics, incidentally.
I learned more in fifteen minutes of Andy explanation this week than I did from a hundred hours of learned discourse on the news. Also, if more people read it then maybe we can shame him into carrying on.
Where do you get your news from? I haven’t heard any learnèd discourse on the news for years.
3 hours later
excellent. andy is the only one i have heard make sense of this. yoi,yoi,and double yoi.
6 hours later
Tom: the Economist, which is learned but sadly assumes that you can immediately understand terms like “financial instrument”…
7 hours later
True, I forgot the Economist, which I should read more often, although even that has a stronger agenda than you would think.
Incidentally, your comment came out in a very thin column and incredibly garbled (on Firefox 2.0.0.11 on Windows something): I had to look at the source to read it. On my screen now it reads as follows but with one word per line:
is Tom: the the only Economist, one which i is have learned heard make sadly sense assume of that this. you yoi,yoi,and can double immediately yoi. understand terms like “financial instrument”…
Maybe you have some kind of Yiddish lolcats plugin. I can haz cheeseburger yoi.
28 hours later
Tom: the design is fubar in Firefox 2. Work is underway to rectify this!
Also, read the Economist today, which is all in favour of billionaire bankers getting bailed out with no pay caps and no penalty because god knows we wouldn’t want to deprive them of their $10,000 suits. Truth will out, &c.
40 hours later
yoi is part of local salute to recently passed writer and pittsburgh steeler announcer myron cope. well respected man in pittsburgh and nfl community.
43 hours later