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The Rise of the (Financial) Machines
BartlebyScrivener writes "A New York Times Op-Ed quoting Freeman and George Dyson wonders if Wall Street geeks and 'quants' outsmarted themselves with computer algorithms to create the current financial debacle: 'Somehow the genius quants — the best and brightest geeks Wall Street firms could buy — fed $1 trillion in subprime mortgage debt into their supercomputers, added some derivatives, massaged the arrangements with computer algorithms and — poof! — created $62 trillion in imaginary wealth. It's not much of a stretch to imagine that all of that imaginary wealth is locked up somewhere inside the computers, and that we humans, led by the silverback males of the financial world, Ben Bernanke and Henry Paulson, are frantically beseeching the monolith for answers.'"
The quoted essay from George Dyson is available at Edge.
You're blaming the "Community Reinvestment Act" (CRA) that basically forces banks to lend to people they wouldn't otherwise lend to (i.e. people with bad credit) because they have to fulfill racial quotas.
Most likely. Of course, even after it's pointed out that half of the subprime mortgages were made by unregulated "non-bank" companies it won't stop them from parroting the party talking points.
If I have been able to see further than others, it is because I bought a pair of binoculars.
in order to build (solar powered?) refrigerators etc... so that we may take care of others, which is our only real purpose here.
greed, fear & ego are unprecedented evile's primary weapons. those, along with deception & coercion, helps most of us remain (unwittingly?) dependent on its' life0cidal hired goons' agenda. most of yOUR dwindling resources are being squandered on the 'wars', & continuation of the billionerrors stock markup FraUD/pyramid schemes. nobody ever mentions the real long term costs of those debacles in both life & any notion of prosperity for us, or our children, not to mention the abuse of the consciences of those of us who still have one. see you on the other side of it. the lights are coming up all over now. conspiracy theorists are being vindicated. some might choose a tin umbrella to go with their hats. the fairytail is winding down now. let your conscience be yOUR guide. you can be more helpful than you might have imagined. there are still some choices. if they do not suit you, consider the likely results of continuing to follow the corepirate nazi hypenosys story LIEn, whereas anything of relevance is replaced almost instantly with pr ?firm? scriptdead mindphuking propaganda or 'celebrity' trivia 'foam'. meanwhile; don't forget to get a little more oxygen on yOUR brain, & look up in the sky from time to time, starting early in the day. there's lots going on up there.
http://news.google.com/?ncl=1216734813&hl=en&topic=n
http://www.nytimes.com/2007/12/31/opinion/31mon1.html?em&ex=1199336400&en=c4b5414371631707&ei=5087%0A
http://news.yahoo.com/s/ap/20080918/ap_on_re_us/tent_cities;_ylt=A0wNcyS6yNJIZBoBSxKs0NUE
http://www.nytimes.com/2008/05/29/world/29amnesty.html?hp
http://www.cnn.com/2008/US/06/02/nasa.global.warming.ap/index.html
http://www.cnn.com/2008/US/weather/06/05/severe.weather.ap/index.html
http://www.cnn.com/2008/US/weather/06/02/honore.preparedness/index.html
http://www.cnn.com/2008/TECH/science/09/28/what.matters.meltdown/index.html#cnnSTCText
http://www.cnn.com/2008/SHOWBIZ/books/10/07/atwood.debt/index.html
http://www.nytimes.com/2008/06/01/opinion/01dowd.html?em&ex=1212638400&en=744b7cebc86723e5&ei=5087%0A
http://www.cnn.com/2008/POLITICS/06/05/senate.iraq/index.html
http://www.nytimes.com/2008/06/17/washington/17contractor.html?hp
http://www.nytimes.com/2008/07/03/world/middleeast/03kurdistan.html?_r=1&hp&oref=slogin
http://biz.yahoo.com/ap/080708/cheney_climate.html
http://news.yahoo.com/s/politico/20080805/pl_politico/12308;_ylt=A0wNcxTPdJhILAYAVQms0NUE
http://www.cnn.com/2008/POLITICS/09/18/voting.problems/index.html
http://news.yahoo.com/s/nm/20080903/ts_nm/environment_arctic_dc;_ylt=A0wNcwhhcb5It3EBoy2s0NUE
(talk about cowardlly race fixing/bad theater/fiction?) http://money.cnn.com/2008/09/19/news/economy/sec_short_selling/index.htm?cnn=yes
http://us.lrd.yahoo.com/_ylt=ApTbxRfLnscxaGGuCocWlwq7YWsA/SIG=11qicue6l/**http%3A//biz.yahoo.com/ap/081006/meltdown_kashkari.html
http://www.nytimes.com/2008/10/04/opinion/04sat1.html?_r=1&oref=slogin
(the teaching of hate as a way of 'life' synonymous with failed dictatorships) http://news.yahoo.com/s/ap/20081004/ap_on_re_us/newspapers_islam_dvd;_ylt=A0wNcwWdfudITHkACAus0NUE
(some yoga & yogurt makes killing/getting killed less stressful) http://news.yahoo.com/s/ap/20081007/ap_on_re_us/warrior_mind;_ylt=A0wNcw9iXutIPkMBwzGs0NUE
(the old bait & switch...you're share of the resulting 'product' is a fairytail nightmare?)
http://news.yahoo.com/s/ap/20081011/ap_on_bi_ge/where_s_the_money;_ylt=A0wNcwJGwvFIZAQAE6ms0NUE
is it time to get real yet? A LOT of energy is being squandered in attempts to keep US in the dark. in the end (give or take a few 1000 years), the creators will prevail (world without end, etc...), as it has always been. the process of gaining yOUR release from the current hostage situation may not be what you might think it is. butt of course, most of US don't know, or