Wow. Very, very nice piece. It corresponds to what I've been reading and, more importantly to my own experience. It fills in a lot of the holes in the story that were missing for me and it was fucking fantastic writing. A compelling read.
Chandler
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Interesting explanation in story form of the Wall Street side of it.
Now, the "new sub-prime mortgages" have shifted to the FHA. The Barney Franks in the political mix would rather watch as, literally, there's nothing left of the world before giving up their "Affirmative Action Minority Home Ownership" and admitting that they ruined the economy.
> Wow. Very, very nice piece. It corresponds to what I've been reading > and, more importantly to my own experience. It fills in a lot of the > holes in the story that were missing for me and it was fucking fantastic > writing. A compelling read.
I agree, it's a great article. Thanks for the link.
One of the few good things to come out of this financial debacle is that future talent will be directed to more socially important endeavors than devising clever ways to fleece people. For example, in the early 2000's, one-third of MIT grads went into finance, likely contributing to the insanely complex and ultimately incomprehensible financial products. Now maybe future grads can concentrate on making new gadgets or drugs or something else useful.
> Interesting explanation in story form of the Wall Street side of it.
> Now, the "new sub-prime mortgages" have shifted to the FHA. The Barney > Franks in the political mix would rather watch as, literally, there's > nothing left of the world before giving up their "Affirmative Action > Minority Home Ownership" and admitting that they ruined the economy.
Amazing that you read the entire thing, and didn't understand even a bit of it. Lol!
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>> Interesting explanation in story form of the Wall Street side of it.
>> Now, the "new sub-prime mortgages" have shifted to the FHA. The Barney >> Franks in the political mix would rather watch as, literally, there's >> nothing left of the world before giving up their "Affirmative Action >> Minority Home Ownership" and admitting that they ruined the economy.
> Amazing that you read the entire thing, and didn't understand even a bit > of it. Lol!
> >> Interesting explanation in story form of the Wall Street side of it.
> >> Now, the "new sub-prime mortgages" have shifted to the FHA. The Barney > >> Franks in the political mix would rather watch as, literally, there's > >> nothing left of the world before giving up their "Affirmative Action > >> Minority Home Ownership" and admitting that they ruined the economy.
> > Amazing that you read the entire thing, and didn't understand even a bit > > of it. Lol!
> Not all that amazing.
Yeah, it is actually. That kind of consistency is hard to find.
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>> >> Interesting explanation in story form of the Wall Street side of it.
>> >> Now, the "new sub-prime mortgages" have shifted to the FHA. The Barney >> >> Franks in the political mix would rather watch as, literally, there's >> >> nothing left of the world before giving up their "Affirmative Action >> >> Minority Home Ownership" and admitting that they ruined the economy.
>> > Amazing that you read the entire thing, and didn't understand even a >> > bit >> > of it. Lol!
>> Not all that amazing.
> Yeah, it is actually. That kind of consistency is hard to find.
"ChrisRobin" Usenet Poster a9db...@webnntp.invalid Post #5 of 10 (3 views) Copy Shortcut Nov 18, 2008, 10:37 PM Re: OT : Michael Lewis On Financial Mess - A Must Read Reply
What's amazing is that you're even commenting at all. We have proof from your many babbling posts on the subject , that you're clueless about the issiue.
"ChrisRobin" Usenet Poster a9db...@webnntp.invalid Post #6 of 9 (2 views) Copy Shortcut Nov 18, 2008, 10:43 PM Re: OT : Michael Lewis On Financial Mess - A Must Read Reply
> Interesting explanation in story form of the Wall Street side of it.
> Now, the "new sub-prime mortgages" have shifted to the FHA. The Barney > Franks in the political mix would rather watch as, literally, there's > nothing left of the world before giving up their "Affirmative Action > Minority Home Ownership" and admitting that they ruined the economy.
Amazing that you read the entire thing, and didn't understand even a bit of it. Lol!
