Thursday, April 29, 2010
More Derivative Than Twilight
AITOOW wonders at what price did Goldman sell the contracts for the Paulson Poop? If it was very cheap then maybe they created a product that screwed both parties. Paulson paid too much. The counter parties got stuck with crap. Or maybe they both benefited at different junctures? Or maybe the reverse was true. Or maybe the counter parties wanted a tax loss. Or they were using it as a hedge against a short position. Depends on how you look at it. Either they bamboozled both sides or neither. I'm not sure if they met the disclosure requirements, but if they did, then is this even ethically (whatever that means) questionable. Shouldn't the disclosure question be the only issue? And why can a numbskull like me be expected to be expert (caveat emptor) enough to receive no protections against deceptions on almost every transaction save real estate and a financial professional can not be expected to be competent to judge the one area of which he professes to have an ability?
Wednesday, April 28, 2010
Tuesday, April 27, 2010
Sunday, April 25, 2010
Talk The Talk
AITOOW thinks it's funny that the people who want to put off action on foreign affairs (ie Iraq and Iran) by talking the issue to death are the same people who are deriding the same conduct on domestic affairs (ie Health Insurance and Financial Reform)? Is there ever an end to the hypocrisy?
Friday, April 23, 2010
Wednesday, April 21, 2010
Ass-Grab-Istan
AITOOW wonders if it is possible to meet an Afghani who wasn't ass raped as a child? The rich have dancing boys they rape (Batzo Bitzo Boys or some shit like that). The mullahs rape their students. The army commanders rape their soldiers. The kids rape each other (Kite Runner). What the hell is going on over there? Are the woman that ugly? Probably, but, grab a paper bag. Not to mention all the heroin addicts. And we don't use nukes because...?
Tuesday, April 20, 2010
Be All You Can Be
AITOOW wonders why people jump all over using models to define an ideal? It's supposed to establish what is most desirable in an object or entity. It is supposed to be difficult if not impossible to attain that level of competency. It is a guide post.
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