Sure. I'm all for low quality loans requiring a statement from the loan granter that they reviewed the payments (the whole schedule) on the loan with the customer, over various scenarios, with legal consequences (revoke their license, fines, etc.) if they mislead the customer.
The lack of transparency and diligence certainly went well beyond the mortgage brokers, on to the ratings agencies, insurers, securities originators and securities purchasers. This goes to my point about Goldman Sachs; I'm not sure if they originated a bunch of garbage filled MBSs (this would make them bastards), but I'm pretty sure that they weren't holding a bunch of them (this makes them diligent).
I have no idea. I expect much of the fallout would be Sony figuring out how to release a patch that removes the ability of the player to disable keys (for me, a screen big enough to make Blu-ray matter isn't in the financial picture, so it isn't something I am worrying a whole lot about; even if I owned a PS3, I don't think I would be spending any extra to make sure movies that I viewed were Blu-ray).
This is ridiculously reactionary. Up until this point, the vast majority of people who have lost their homes in this crisis have lost their homes because they took on loans that they could not afford (there are people in Detroit who lost their homes because Michigan is imploding, and so forth). Sure, they were offered teaser rates and things probably weren't always made real clear, but it seems pretty reasonable to hold each and every buyer of a home somewhere around 50% responsible for the loan that they agreed to.
Irresponsible behavior on Wall Street has exacerbated the mess, but to Paulson's credit, Goldman Sachs is having among the least of the troubles (I guess this could be taken as a sign that they are the true bastards, but they weren't the ones originating hilarious securities, they were the ones selling the hilarious securities short).
Still, my point stands using 7,500 gallons of fuel to go 100,000 miles in an Escape (a still hilarious 13.33 mpg).
And yes, 13.333 mpg in an Escape is a ridiculous lowball. That people also drive Hummers has nothing to do with the conversion cost of an Escape. I mean, have you looked at the fuel consumption of a frigate? A bicycle is fantastic compared to that.
Parents can detain their kids for ~17 years without trial.
They probably also have the legal powers to compel their children to hand over encryption keys (but that doesn't really mean that they can force them to do anything).
I don't think waterboarding children is legal though.
Assume that the Escape gets 10 miles per gallon. That's 10,000 gallons of fuel to go 100,000 miles (I'll bet a nickel that she doesn't keep the vehicle much longer than that, there will be shiny new ones available).
At current gas prices, that's less than $30,000 of fuel, and my mpg estimate is ridiculous.
Most of the oil that the U.S. consumes comes from the U.S., Canada and Mexico (Canada is our largest supplier by quite a bit); I don't think Canadians and Mexicans hate us, more just find us tiresome. Most of the rest of it comes from Saudi Arabia and Venezuela, countries with which we have quite a bit of political friction, but I'm not sure that the people hate us (especially the majorities, there are certainly people in each country who are not USA #1 fan).
It isn't because of momentum, it is because the weight of the engine provides traction and because 'point to steer' is a bit more intuitive than 'regain control by steering into the slide'.
Oil isn't going to $200 for a long time. People stop using it at lower prices than that (it isn't insane to plan on gasoline staying under $6 for current purchases).
The disc experience can be modified by some other, newer disc that you stick in the player. You don't know what you are buying (the second some keys on a popular player get disabled, Blu-ray will have its pitchforks and torches moment, but I wouldn't want to own that player in any event).
I think the real answer to that question is that you will never have to do that (decent hosts will offer at least 2.6 for a long time, and it isn't that hard to do a local install). The other answer is that you write code for 2.5 and for the 2to3 tool and then run the translated version on the 3.0 host.
No, it isn't great, but I don't think a total economic collapse would be better.
Look at it this way: Are you going to pay a 10% premium for a house anytime in the next 15 years? The point is, value appreciation will stagnate until a sufficient number of people have forgotten about this disaster.
Right. The point of my comment was to debunk the idea that rich people somehow aren't going to be paying for this bailout (whereas they mostly pay for anything that 'taxpayers' pay for). I really don't think that rich people need lower taxes, or that they need to pay higher taxes, but I don't think that 5% in either direction is going to have much impact (increases get spent by the government, like a drunken sailor; decreases get invested by the rich guy).
The from future statements are for writing forward compatible code (easing the transition from current versions to future versions).
If you want code to run on python 2.5 and 2.6 (and thus be backwards compatible), you have to do without the alternative syntax for literals; you could, however, write your own print function and use that instead of the syntax, you just wouldn't be able to name it print (but you could name it something silly like print_function so that it would be easy to find and replace when you stopped supporting versions of python that do not have a print function).
It all depends on which direction foreclosures go, and how aggressive recent markdowns have been. You seem to think that a substantial amount of the original value of the various MBSs out there are still on balance sheets. My impression is that the really bad stuff is already marked down to $0.20 on the dollar (so there is only $0.20 to go before it is regarded as a complete loss), while likely being worth more than $0.50 on the dollar (assuming that the housing market doesn't go to shit in the rest of the country).
(I actually think rich people would do just fine with higher taxes, and that higher taxes for the rich wouldn't really do a whole lot of damage to the economy, but the populist ranting about how this rips off 'average tax payers' to the benefit of the 'wealthy' is sort of tiresome when you actually look at who pays the taxes in the United States)
Give it a month or two. Then bitch and complain. That way, in the event that things work out better than you expect, you avoided a month or two of bitching and complaining, and if things work out worse than you expect, you will have plenty of energy for bitching and complaining.
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Sure. I'm all for low quality loans requiring a statement from the loan granter that they reviewed the payments (the whole schedule) on the loan with the customer, over various scenarios, with legal consequences (revoke their license, fines, etc.) if they mislead the customer.
The lack of transparency and diligence certainly went well beyond the mortgage brokers, on to the ratings agencies, insurers, securities originators and securities purchasers. This goes to my point about Goldman Sachs; I'm not sure if they originated a bunch of garbage filled MBSs (this would make them bastards), but I'm pretty sure that they weren't holding a bunch of them (this makes them diligent).
I have no idea. I expect much of the fallout would be Sony figuring out how to release a patch that removes the ability of the player to disable keys (for me, a screen big enough to make Blu-ray matter isn't in the financial picture, so it isn't something I am worrying a whole lot about; even if I owned a PS3, I don't think I would be spending any extra to make sure movies that I viewed were Blu-ray).
This is ridiculously reactionary. Up until this point, the vast majority of people who have lost their homes in this crisis have lost their homes because they took on loans that they could not afford (there are people in Detroit who lost their homes because Michigan is imploding, and so forth). Sure, they were offered teaser rates and things probably weren't always made real clear, but it seems pretty reasonable to hold each and every buyer of a home somewhere around 50% responsible for the loan that they agreed to.
Irresponsible behavior on Wall Street has exacerbated the mess, but to Paulson's credit, Goldman Sachs is having among the least of the troubles (I guess this could be taken as a sign that they are the true bastards, but they weren't the ones originating hilarious securities, they were the ones selling the hilarious securities short).
You're right, I should have used $4 (brain fart).
Still, my point stands using 7,500 gallons of fuel to go 100,000 miles in an Escape (a still hilarious 13.33 mpg).
And yes, 13.333 mpg in an Escape is a ridiculous lowball. That people also drive Hummers has nothing to do with the conversion cost of an Escape. I mean, have you looked at the fuel consumption of a frigate? A bicycle is fantastic compared to that.
Parents can detain their kids for ~17 years without trial.
They probably also have the legal powers to compel their children to hand over encryption keys (but that doesn't really mean that they can force them to do anything).
I don't think waterboarding children is legal though.
Assume that the Escape gets 10 miles per gallon. That's 10,000 gallons of fuel to go 100,000 miles (I'll bet a nickel that she doesn't keep the vehicle much longer than that, there will be shiny new ones available).
At current gas prices, that's less than $30,000 of fuel, and my mpg estimate is ridiculous.
Most of the oil that the U.S. consumes comes from the U.S., Canada and Mexico (Canada is our largest supplier by quite a bit); I don't think Canadians and Mexicans hate us, more just find us tiresome. Most of the rest of it comes from Saudi Arabia and Venezuela, countries with which we have quite a bit of political friction, but I'm not sure that the people hate us (especially the majorities, there are certainly people in each country who are not USA #1 fan).
Source:
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
It isn't because of momentum, it is because the weight of the engine provides traction and because 'point to steer' is a bit more intuitive than 'regain control by steering into the slide'.
Oil isn't going to $200 for a long time. People stop using it at lower prices than that (it isn't insane to plan on gasoline staying under $6 for current purchases).
The lift doesn't always start at the bottom of the mountain...
CmdrTaco is dead. Sell SourceForge now.
An unsubstantiated rumor is merely an attempt to manipulate a stock, it takes an idiot or ten to actually do it.
So does Mark Cuban.
I'd be pretty fucking freaked out if there was an Easter Bunny.
I bet it would piss off the Christians though (MAYBE THEY KILLED HIM!).
You do realize that people who use BSD (to some large extent) probably don't share your values?
Lots of people are happy with a 'If you use this to kill babies, don't blame me' license and don't really care if their software advances sharing.
For the monkey.
The disc experience can be modified by some other, newer disc that you stick in the player. You don't know what you are buying (the second some keys on a popular player get disabled, Blu-ray will have its pitchforks and torches moment, but I wouldn't want to own that player in any event).
Always glad to help. Waste a few dozen more years and you will finally be dead.
I think the real answer to that question is that you will never have to do that (decent hosts will offer at least 2.6 for a long time, and it isn't that hard to do a local install). The other answer is that you write code for 2.5 and for the 2to3 tool and then run the translated version on the 3.0 host.
No, it isn't great, but I don't think a total economic collapse would be better.
Look at it this way: Are you going to pay a 10% premium for a house anytime in the next 15 years? The point is, value appreciation will stagnate until a sufficient number of people have forgotten about this disaster.
Right. The point of my comment was to debunk the idea that rich people somehow aren't going to be paying for this bailout (whereas they mostly pay for anything that 'taxpayers' pay for). I really don't think that rich people need lower taxes, or that they need to pay higher taxes, but I don't think that 5% in either direction is going to have much impact (increases get spent by the government, like a drunken sailor; decreases get invested by the rich guy).
The from future statements are for writing forward compatible code (easing the transition from current versions to future versions).
If you want code to run on python 2.5 and 2.6 (and thus be backwards compatible), you have to do without the alternative syntax for literals; you could, however, write your own print function and use that instead of the syntax, you just wouldn't be able to name it print (but you could name it something silly like print_function so that it would be easy to find and replace when you stopped supporting versions of python that do not have a print function).
It all depends on which direction foreclosures go, and how aggressive recent markdowns have been. You seem to think that a substantial amount of the original value of the various MBSs out there are still on balance sheets. My impression is that the really bad stuff is already marked down to $0.20 on the dollar (so there is only $0.20 to go before it is regarded as a complete loss), while likely being worth more than $0.50 on the dollar (assuming that the housing market doesn't go to shit in the rest of the country).
http://timharford.com/2008/10/time-to-drop-the-baggage-that-comes-with-moral-hazard/
Only sort of. Apparently the wealthy are on the hook for a much larger share:
http://www.cbo.gov/ftpdocs/88xx/doc8885/EffectiveTaxRates.shtml#1011535
(I actually think rich people would do just fine with higher taxes, and that higher taxes for the rich wouldn't really do a whole lot of damage to the economy, but the populist ranting about how this rips off 'average tax payers' to the benefit of the 'wealthy' is sort of tiresome when you actually look at who pays the taxes in the United States)
Give it a month or two. Then bitch and complain. That way, in the event that things work out better than you expect, you avoided a month or two of bitching and complaining, and if things work out worse than you expect, you will have plenty of energy for bitching and complaining.