If you look at every one of these [derivative] products, they make sense. But in aggregate, they are bullshit. They are crap. They serve to cheat people. I have to say it: you have to do something about pay in the financial system. People in this field have way too much money. And this is not right. It hurts to… Read more →
Day: December 22, 2008
Winter Storms
Just got power back after the first outage of this storm. Winter power outages make me unreasonably angry. I think this partly because I lived the first 20-some years of my life somewhere that winter brought a lot more snow and ice than we get here, and it wasn’t just taken for granted that any storm would result in power… Read more →
