"Sell them claiming their good loans". To whom and how? It's not like the product was secretive or anything. Caveat emptor.
Basically, they got a bunch of junk loans and sold them as A level by getting the rating agency to trade their reputation for cash. Perhaps you were asleep the past two years?
What is a bad loan exactly
One that should never have been given. For instance, someone making $15/hr can't buy a $300k house.
Bet money that they'll fail? You're probably referring to Goldman here.... hum funny but that didn't happen. How about reading the case?
Ah yes, GS, the high class whore of the finance world. They're scum, but very good at what they do.
Laying off a bunch of worker so that the stock price jump? Wow that's magic. Why exactly the stock price jumps if you're laying worker obviously doesn't need an explanation, just a conceited approving nod I guess.
Because laying people off reduces salary overhead, and the consequences are at least a quarter away. You get to claim better margin for 1-2 quarters, collect a bonus, and jet when the walls fall in.
Summary: if you don't know shit about finance, shut the fuck up.
Conservative, value based finance, or the 3 card monty we're seeing today?
I don't know you get a population that is essentially suburban to embrace the densely packed inner city - and you need density to see any significant economies.
You don't. They either deal with the higher cost or move to the city and get less. Gas will run out, so we need to plan ahead. I know, planning is unamerican, but the alternative is to do it in 20 years on a compressed timescale.
American cities are low density. There has never been any very compelling geographical reason to compress them. Manhattan is the exception not the rule.
Cost of services, traffic, that sort of thing. Yes, I like the idea of having a yard and a garage, but having to go 10 miles to get to where I want to be sucks, and that's what I'd get in the suburbs.
and in my area, the rural areas are dependent on the city for things like roads. There's a reason it took an act of congress to get electricity to the outlying areas.
part of this is that people don't want to live in a concrete canyon; in seattle, we've got a core area with tall buildings, but a lot of the city is 5 stories or less. Works pretty well for density.
That's fine - if you don't want to live in a city, you'll pay a bit more for infrastructure, and things will be further away (duh). We currently subsidise rural/suburbia, and that will have to stop (so we can make improvements in the city). Meanwhile, telecommuting is perfectly reasonable in a lot of places, but the management is often the roadblock. Perhaps if you bribed them somehow... subsidise parking based on the number of people that switch to 4 day weeks? If it's less than the projected cost savings, then win-win!
Why get all upset because you can't legally use Mickey Mouse
Nobody's complaining about that. They're complaining that steamboat wille is still under copyright when, under the terms of copyright at the time, it'd be public domain decades ago. It's 80 years old - how is this limited time? What's the point of granting copyright to Disney if they're just going to lock up all the copies so that by the time something hits PD (if it ever does), no copies are still around?>[?
Huh, I remember having that conversation over on some other board - I said "hey, I can drink 2 beers in an hour or so and drive okay" - you'd think I was hunting nuns with a crossbow.
Basically, if you want to reduce the incidence of something, make alternatives available and easy. If, instead, you do nothing but lecture and arrest people, then it must not be a big problem - you aren't doing anything that's likely to reduce the activity.
Plus, isn't America so well off thanks to migrants? Who invented your rockets and your bombs near in the past as 50 years ago? Who makes your microprocessors? Suddenly, you want to stop immigration and be protectionist?
H1B has fuck all to do with immigration. It's all about cheap labor.
You don't have to put it that way - you can easily say "those damn fortune 500 companies are selling us out to make their Q2 numbers" and you'd be right.
What the fuck kind of college are you going to that costs $50k/year? You should be able to get a really good one for about $15k, room and board included.
there's no evil if a job goes to an Indian instead of an American.
Sure, fine, and if that company wants to only hire indians, they can go be an indian company. If they're in the US, they should be hiring americans preferentially, and the government needs to be working to protect local labor - it's not like many of us want to go over to india, and it's not like we could if we wanted.
I'd like to see jobs stay in America, but that's my selfish greed talking, not any kind of moral high ground.
And it's the CEO's selfish greed that's driving jobs offshore in the first place. self interest is not greed.
Slashdot Mirror
"Sell them claiming their good loans". To whom and how? It's not like the product was secretive or anything. Caveat emptor.
Basically, they got a bunch of junk loans and sold them as A level by getting the rating agency to trade their reputation for cash. Perhaps you were asleep the past two years?
What is a bad loan exactly
One that should never have been given. For instance, someone making $15/hr can't buy a $300k house.
Bet money that they'll fail? You're probably referring to Goldman here.... hum funny but that didn't happen. How about reading the case?
Ah yes, GS, the high class whore of the finance world. They're scum, but very good at what they do.
Laying off a bunch of worker so that the stock price jump? Wow that's magic. Why exactly the stock price jumps if you're laying worker obviously doesn't need an explanation, just a conceited approving nod I guess.
Because laying people off reduces salary overhead, and the consequences are at least a quarter away. You get to claim better margin for 1-2 quarters, collect a bonus, and jet when the walls fall in.
Summary: if you don't know shit about finance, shut the fuck up.
Conservative, value based finance, or the 3 card monty we're seeing today?
I don't know you get a population that is essentially suburban to embrace the densely packed inner city - and you need density to see any significant economies.
You don't. They either deal with the higher cost or move to the city and get less. Gas will run out, so we need to plan ahead. I know, planning is unamerican, but the alternative is to do it in 20 years on a compressed timescale.
American cities are low density. There has never been any very compelling geographical reason to compress them. Manhattan is the exception not the rule.
Cost of services, traffic, that sort of thing. Yes, I like the idea of having a yard and a garage, but having to go 10 miles to get to where I want to be sucks, and that's what I'd get in the suburbs.
and in my area, the rural areas are dependent on the city for things like roads. There's a reason it took an act of congress to get electricity to the outlying areas.
No wonder I rarely see kids running around downtown. At least there are some in west seattle.
Also, how do you keep crime down as you increase population density? The most populated places near me are also the scariest.
Manhattan is pretty low crime.
all your boarders smell bad. Is your shower busted?
part of this is that people don't want to live in a concrete canyon; in seattle, we've got a core area with tall buildings, but a lot of the city is 5 stories or less. Works pretty well for density.
That's fine - if you don't want to live in a city, you'll pay a bit more for infrastructure, and things will be further away (duh). We currently subsidise rural/suburbia, and that will have to stop (so we can make improvements in the city). Meanwhile, telecommuting is perfectly reasonable in a lot of places, but the management is often the roadblock. Perhaps if you bribed them somehow... subsidise parking based on the number of people that switch to 4 day weeks? If it's less than the projected cost savings, then win-win!
Why get all upset because you can't legally use Mickey Mouse
Nobody's complaining about that. They're complaining that steamboat wille is still under copyright when, under the terms of copyright at the time, it'd be public domain decades ago. It's 80 years old - how is this limited time? What's the point of granting copyright to Disney if they're just going to lock up all the copies so that by the time something hits PD (if it ever does), no copies are still around?>[?
you should be happy to know that the newer SSDs have a wipe command - takes about 5 seconds, and then the drive is very blank.
Remember what happened when a company tried to publish a bunch of boilerplate legalese? yeah, I don't think MS will be doing that any time soon.
Huh, I remember having that conversation over on some other board - I said "hey, I can drink 2 beers in an hour or so and drive okay" - you'd think I was hunting nuns with a crossbow.
Basically, if you want to reduce the incidence of something, make alternatives available and easy. If, instead, you do nothing but lecture and arrest people, then it must not be a big problem - you aren't doing anything that's likely to reduce the activity.
I'm sorry, U of O hates you. Try a college in a state that isn't trying to commit suicide.
$6200/term undergrad, $13k for out of state. You were saying?
Plus, isn't America so well off thanks to migrants? Who invented your rockets and your bombs near in the past as 50 years ago? Who makes your microprocessors? Suddenly, you want to stop immigration and be protectionist?
H1B has fuck all to do with immigration. It's all about cheap labor.
You don't have to put it that way - you can easily say "those damn fortune 500 companies are selling us out to make their Q2 numbers" and you'd be right.
What the fuck kind of college are you going to that costs $50k/year? You should be able to get a really good one for about $15k, room and board included.
Yeah, some of the Co-eds will do things even hookers won't do, and for free. I love college!
there's no evil if a job goes to an Indian instead of an American.
Sure, fine, and if that company wants to only hire indians, they can go be an indian company. If they're in the US, they should be hiring americans preferentially, and the government needs to be working to protect local labor - it's not like many of us want to go over to india, and it's not like we could if we wanted.
I'd like to see jobs stay in America, but that's my selfish greed talking, not any kind of moral high ground.
And it's the CEO's selfish greed that's driving jobs offshore in the first place. self interest is not greed.
that's bagger wages in San Fran.
Who said anything about right/wrong? It's all about what you can/can't do.
You don't get any slaves. You get people volunteering service to their god.
Mock them, fight them, show them what persecution actually means.
However the Evolutionist Model is also not within the realm of actual science.
I'm sure a lot of biologists will be surprised to hear that.