current ruling party SEEMS like a moderate islamist party. to the eu, and us. in fact, what decisions they are taking in the country are to the exact opposite extent.
for example as of now, they are putting out a law that will practically ban alcohol sales. but, it doesnt come in the form of a ban. it comes like new provisions to existing laws to such an extent that, it will be almost impossible to get a license and sell alcohol.
this is called 'eastern cunning' here. much the way of islamists -> you silently do the stuff you want to do under the hood, not making anyone realize what you are doing, and all the while painting the hood in bright colors so noone will disturb you in the process.
what is appalling is that european union falls for that, i cant believe.
WHERE is military dictatorship in turkey, you moron ?
you must be talking about 1980 coup, that was done to PREVENT turkey from becoming an ISLAMIST dictatorship like IRAN.
immediately an interim government was set up, immediately a new constitution was prepared by experts and then put to vote of the ENTIRE country, and got approved, and in 2 years' time a new government was set up. in 1983 turgut ozal became the prime minister, which is the person that modernized turkey even further. nothing like greece being run by COLONELS for TEN years after a coup.
are you aware that if that coup didnt happen, europe would have an islamist dictatorship much like iran right under its nose ?
military in turkey has 2 duties : 1 - defend country from outside invaders, 2 - assure that country stays a secular democratic republic of western style.
otherwise would mean that you are either full of shit, or dont know zit about what you are talking.
entire armenia, until persian lands were under turkish control by that time. and leave aside armenians in general, the population of eastern anatolia and caucasian region wasnt even a number that could be counted by millions.
that being said, you have to really read and do research on anatolian history, for you dont know shit.
highway banditry (in a fashion of robin hood, but not that romantic and beneficial) was a way of life in anatolia since 1500s. wanted to make an easy living ? why, just become a highwayman. easy life easy gain.
a lot of ethnicities, regardless of their nationality have taken to that kind of living.
this hase taken a whole new meaning in 19th century with the advent of nationalism. now, highwaymen had an excuse -> whereas in earlier centuries it was taken as something despicable by societies of all kinds, now you had the nationalism excuse -> whatever you do , you are doing it for your nation ! easy prey -> just go prey on ethnicities other than yours, and you are both free in conscience and your ethnicity can still approve you.
this has occurred in places ranging from croatia to armenia. all ethnicities had set up 'militias', all of which nothing more than highwaymen with a few exceptions. greeks slaughtered 30 k turks in athens during independence, then slaughtered countless bulgarians, serbs in the north. bulgarians and serbs did likewise to each other. turks also set up their own militia and slaughtered whatever ethnicity they were in feud with. WHOLE empire was in that state.
enter ww I and east anatolia. of the countless militias formed by armenians, kurds, turks, cerkez, arabs, kazzaks (name your pick here its countless), armenians were a more ruthless bunch, slaughtering even their own people if they didnt support them. when things got out of hand nationalist government of ottoman empire of the time decided to force a migration, so that the support for these militia would end. what they didnt calculate was the poorness of the region at that time. people had no clothes, no supplies, a lot of them died in the march.
but they were no exception. due to the same poverty, a turkish army of 30.000 strong has frozen to death in the same manner just in the same region 1 year ago.
poverty was the reality in eastern anatolia those days, and and the reality of the empire. only the people in istanbul and izmir were rather well off.
and, what is more surprising is that, of the well off people, there were quite a percentage that was armenian, greek, jew and other ethnicities in istanbul. that was the case because ottoman empire had laws that relegated certain trades and industries to minorities, as a tradition (That comes back from 1500s). therefore those people were exceedingly rich, living in mansions facing the straits.
IF there was ANY genocide, those armenians should be the ones who were to be slaughtered first. but nothing happened. despite there was NOTHING in those days to prevent the empire from slaughtering any kind of ethnicity in the country. armenians in the west kept living in luxury whereas poor armenians in the east died in the march out of poverty.
see, unfortunately youre full of shit that armenian lobby in west have spewed. although im not a nationalist, and generally annoyed by nationalists, i had to correct this and set the record straight. for your information, even armenian community in turkey finds what armenian lobby in west, especially u.s. is saying extreme and untruthful. that was why international armenian lobby has crucified hrant dink, because he said that they were too extreme.
first, the law requires banning of an entire site based on a single page content. it cant make the distinction.
second, the banning are generally tied to (for now) court orders resulting from court cases. like adnan oktar's, his lawsuits are generally based on defamation charges. some other lawsuits (not oktar's) are based on copyright charges.
so what happens is, a charge is filed in court, court decides, youtube, for example is banned. sometime passes. and that case is resolved, youtube is unbanned again. but 2 hours later, another court case's order comes active. youtube is banned again. and then reopened. and this goes on like that.
couple this with the anti-modern, anti-secular, anti-liberties moves of islamist government that is supported by neocon bush administration in united states, and unfortunately, for god knows why, supported by Eu as being a 'democratic' government, and the censorship board that they instituted which can now even ban anything without any court order, you can see the horror.
its unbelievable. for 80 years, this country has tried to modernize itself, and it did, to a great extent. and all that modernization and westernization is being undone by an islamist party that is appallingly supported by united states, and european union. and the reason they support it is even more appalling : 'its a democratical government'.
theyll see what happens when turkey has been made into an islamist country in 20 years' time. it will be disastrous, since turkey is not an underdeveloped country like afghanistan or iraq, or with low population.
but the contradictory, self conflicting behaviour of Eu is what annoys me the most.
we are not in thatcher days anymore. even thatcher's time was much more free and liberal than today.
in last 15 years, conservatives around the world have become real public enemies, damagers of the modern civilization. from usa to europe to australia the damage conservatives did to the modern values are beyond reproach. from civil liberties to privacy, there isnt a single field that they have harmed by their increasing levels of bigotry and zealotry.
troll ? not at all. i was a conservative once, long time ago. conservative doesnt mean protecting existing beneficial moral values and ethics anymore, it has become a political viewpoint that tries to suppress and mold people to its own whim.
dont vote conservative. follow my example. we cant afford to risk going back on the eve of 21st century.
However, I don't believe for a second that Greenspan is one of the zealots. He was not surprised that it turns out that the financial system needs regulating, like you seem to imply. What he was surprised by was that corporations, working towards their own self-interests, with all the risks that banks and insurance companies especially take extraordinary measures to insulate themselves against, would fail to insulate themselves from risks that could utterly destroy them in one fell swoop. You don't expect self-interest to solve ever problem, but you generally do expect it to solve the problem of self-preservation -- especially self-preservation of the most powerful entities in the country. I think it's reasonable for him to be surprised that that didn't happen. That some of the biggest banks and insurers in the country would basically simultaneously stupid themselves to death en mass. The critical mass of short-sightedness required for that to happen is not even imaginable to me, at least the way that I imagine banks and insurance companies operating.
check what you say.
it basically boils down to this : he didnt at one second think that there would be people who would not hesitate from breaking the entire system (leave aside the companies) for their own profit.
you cant err like that unless you firmly believe in something. trust it. he is one of the zealots, for it requires that level of belief in something to be able to let go of the fact that there are always evil minded people in every level of society.
hell, im in turkey and all what the parent says is happening right under my nose.
if any of you americans are foolish enough as to disbelieve these, and mod truth flamebait because you cant make peace with it, i dont have anything to say to you.
we are equating you, your government and your bunch with idiocy, ignorance and bigotry. you should shut up and do not mess with technical matters you do not understand. for, you clearly dont understand anything about how internet works.
Computers and programs do what they are built to do, exactly like they are programmed by programmers. and programmers code what they are TOLD to program.
this senile old bastard is trying to drop the blame ball on someone else than himself. he was the person who ushered the 'let everyone run around lawless' era in finance. he was praising it and saying that 'free market' was this and that. now he comes up saying he is 'shocked' to see the market not regulating ITSELF.
i have news for you, bastard, what you call market is comprised of PEOPLE, and its a social activity. just like life doesnt 'regulate' itself so that you still need laws and justice system, the social activity you call 'market' also is comprised of people and full of opportunists, schemers, bastards, exploiters, criminals and crooks. if you just let everything be, IT BREAKS. and IT DID.
any person with only a few decade of life experience under his/her belt would be able to realize this.
but you and your fellows in the church of holistic economists were SO zealots in your belief that, you were unable to realize this simple fact of social existence despite your 5-6 decades on the face of this world.
shame on you old man. shame on you for preparing the grounds for breakdown of ENTIRE global economy with your zealotry and foolishness, and your attempt to blame others for it.
blame the data !! after all, noone can do anything against it right ?! its not live, its nobody, and even if you hate its guts, you wont be able to remove it from business, so problem solved.
dont label this behaviour with elaborate names like libertarian, conservative etc and legalize the behaviour in some way.
what he is basically saying that 'dont take my money, let the society crash down for all i care'.
this is plain out, basic self centeredness and greed, accompanied by a high measure of ignorance and lack of understanding. also, ingratefulness.
he makes use of all the benefits being a society brings, but he doesnt want to spare any of his resources to make sure that society keeps functioning, so he can enjoy those benefits.
this is stupid, ignorant, self centered all at the same time. its like shooting yourself in the foot despite you are so wanting to go jogging.
there is no border for crime. no confines either. eventually as the situation deteriorates enterprising criminals will reach towards your neighborhood and places you go. then youll get either kidnapped for ransom or stabbed in the butt. that will be the point you feel the invisible hand of the free market.
if there is a lot wrong with that rant, you tell what is wrong with it. you dont throw a mccain/palin like 'its wrong do research' bait and hope it will stick.
first, the damage was long done in the last 6 years of republican administration.
second, one politician should be stupid to come up and fight against this, while poodles were yelling 'hey youll cost people jobs, do you hate america - let businesses be'.
everyone saw what happened with jobs in the end. but apparently you didnt.
make $200 bn value of the mortgages $600 bn btw. i used the wrong number. $200 bn would be loss of a house bought by bank for the people from $600, but had to sell it because of nonpayment for $300.
the taxes they dont pay for social welfare state, they pay while getting stabbed in the butt and giving away their wallet. or paying for the increased police & security expenses.
what a stupidity !! instead of paying out taxes in at the start and totally reducing crime, they rather not pay it and then pay it in the forms of security expenses and risks, AND have also increased crime rate as a free gift in the package !
1.000.000 people unable to pay for their mortgages nets to a loss around $300 bn, if the houses were bought from $600 k by the bank and their values now $300 k.
thats only 1/3 of the cash us had prepared for its banks, its also around 1/10 of the cash that europe has provided.
you see, the funds provided had already covered approx 20 times that loss, if you count in what japan, korea and other nations have readied.
you should have understood by now that this is nothing related to unpaid mortgages or poor people, or fannie mae freddie mac. this is the bullshit that republican bastards are feeding you to get off the hook.
the real problem is this :
banks are allowed to lend approx 10 times the total assets they have. because its logical - money turns slow, so it doesnt create a problem. its all valid liquidity wise. this ratio is a healthy ratio and its checked by government regulation.
but, due to the lawless environment republicans and holistic economists have created by yelping 'hands off business' 'government out' 'government bad for economy, youll cost jobs to people', government regulation was totally hampered in that sector since reagan era.
then what happened ? in this unregulated environment, some bastards realized this ; if they show those mortgages as assets, and then create DERIVATIVE assets over them (called hedge funds in general because they accept all kinds of 'assets'), they can sell/trade those assets !!!
and they proceeded to do that. they created assets linked to those mortgage assets, then started trading them. attracted investors. those funds have inflated in value, disproportionately. imagine the funds value becoming $ 20 trillion instead of the mortgage value of $ 200 bn. this is round one.
in round two, they went further. they showed those DERIVATIVES as assets. meaning, despite they had $200 bn worth of mortgage assets, they now had $20 trillion worth of hedge funds/investments tied to those mortgages !! and they started lending by showing their total assets as $20 trillion plus $200 bn !!! see the point ? they started lending money THEY DONT HAVE !
see the issue now ?!
someone should have stepped in, checked their books and said 'hey, you dont have that much assets. what you are showing me as assets are actually derivative papers tied to OTHER assets. these are NOT real, and they are OVERvalued !!' and stopped them in their tracks.
but noone did. because a lot of poodles were yelping 'hands off economy !!'. so it went like this, those banks lent to countries, governments, megacorporations, traded those investment funds SO widely around the world that every bank in the world got infested by those funds.
you have failed to create social welfare state. europe has succeeded.
you sound like a holistic economist, even a neocon republican. those days are at an end.
this recent crisis have shown us how dangerous unwatched, ungoverned, unregulated capitalism can be. entire world economy brought down by a handful of rogue megacorporations juggling funds in united states.
apparently he isnt aware that any piece of open source work that is recognized brings huge recognition for its coder, and leave aside what prestige and job offers this brings, many open source project creators eventually become busy creating paid mods for users with specific needs upon request.
eventually some of such open source codes develop so much that they create an expertise and employment area of their own, like oscommerce. go to elance, type oscommerce, select projects and search. you can find even phpbb mod requests, a lot of wordpress, joomla, go figure. businesses and individual entrepreneurs using such solutions cant wait for the community to incorporate their requests into the base code. (that would overinflate the code base anyway). they pay, they get their installation modified. you cant believe the kind and size of some modifications that is requested for oscommerce for example.
it aint as simple as this guy talks. many of guys like these are top level guys, living on the frontier and top levels of i.t.. therefore they think corporate market is everything. hoewer, in people's level, in small businesses level, the business is going on as usual despite the crisis.
why the execs in sony are being paid for anyway ? to run, govern things right ? if they let some fucktards ruin one of the biggest merchandises in the world, that means that they didnt do their job well.
This only lucasarts as the factor that can f@ck up this game. i wonder if bioware will be able to prevent it.
perchance, if any execs or liaison from lucasarts reading this, i have one advice : "shut the f@ck up during and after game development and let bioware do this thing". else i go on paying blizzard each month.
Slashdot Mirror
current ruling party SEEMS like a moderate islamist party. to the eu, and us. in fact, what decisions they are taking in the country are to the exact opposite extent.
for example as of now, they are putting out a law that will practically ban alcohol sales. but, it doesnt come in the form of a ban. it comes like new provisions to existing laws to such an extent that, it will be almost impossible to get a license and sell alcohol.
this is called 'eastern cunning' here. much the way of islamists -> you silently do the stuff you want to do under the hood, not making anyone realize what you are doing, and all the while painting the hood in bright colors so noone will disturb you in the process.
what is appalling is that european union falls for that, i cant believe.
WHERE is military dictatorship in turkey, you moron ?
you must be talking about 1980 coup, that was done to PREVENT turkey from becoming an ISLAMIST dictatorship like IRAN.
immediately an interim government was set up, immediately a new constitution was prepared by experts and then put to vote of the ENTIRE country, and got approved, and in 2 years' time a new government was set up. in 1983 turgut ozal became the prime minister, which is the person that modernized turkey even further. nothing like greece being run by COLONELS for TEN years after a coup.
are you aware that if that coup didnt happen, europe would have an islamist dictatorship much like iran right under its nose ?
military in turkey has 2 duties : 1 - defend country from outside invaders, 2 - assure that country stays a secular democratic republic of western style.
otherwise would mean that you are either full of shit, or dont know zit about what you are talking.
entire armenia, until persian lands were under turkish control by that time. and leave aside armenians in general, the population of eastern anatolia and caucasian region wasnt even a number that could be counted by millions.
that being said, you have to really read and do research on anatolian history, for you dont know shit.
highway banditry (in a fashion of robin hood, but not that romantic and beneficial) was a way of life in anatolia since 1500s. wanted to make an easy living ? why, just become a highwayman. easy life easy gain.
a lot of ethnicities, regardless of their nationality have taken to that kind of living.
this hase taken a whole new meaning in 19th century with the advent of nationalism. now, highwaymen had an excuse -> whereas in earlier centuries it was taken as something despicable by societies of all kinds, now you had the nationalism excuse -> whatever you do , you are doing it for your nation ! easy prey -> just go prey on ethnicities other than yours, and you are both free in conscience and your ethnicity can still approve you.
this has occurred in places ranging from croatia to armenia. all ethnicities had set up 'militias', all of which nothing more than highwaymen with a few exceptions. greeks slaughtered 30 k turks in athens during independence, then slaughtered countless bulgarians, serbs in the north. bulgarians and serbs did likewise to each other. turks also set up their own militia and slaughtered whatever ethnicity they were in feud with. WHOLE empire was in that state.
enter ww I and east anatolia. of the countless militias formed by armenians, kurds, turks, cerkez, arabs, kazzaks (name your pick here its countless), armenians were a more ruthless bunch, slaughtering even their own people if they didnt support them. when things got out of hand nationalist government of ottoman empire of the time decided to force a migration, so that the support for these militia would end. what they didnt calculate was the poorness of the region at that time. people had no clothes, no supplies, a lot of them died in the march.
but they were no exception. due to the same poverty, a turkish army of 30.000 strong has frozen to death in the same manner just in the same region 1 year ago.
poverty was the reality in eastern anatolia those days, and and the reality of the empire. only the people in istanbul and izmir were rather well off.
and, what is more surprising is that, of the well off people, there were quite a percentage that was armenian, greek, jew and other ethnicities in istanbul. that was the case because ottoman empire had laws that relegated certain trades and industries to minorities, as a tradition (That comes back from 1500s). therefore those people were exceedingly rich, living in mansions facing the straits.
IF there was ANY genocide, those armenians should be the ones who were to be slaughtered first. but nothing happened. despite there was NOTHING in those days to prevent the empire from slaughtering any kind of ethnicity in the country. armenians in the west kept living in luxury whereas poor armenians in the east died in the march out of poverty.
see, unfortunately youre full of shit that armenian lobby in west have spewed. although im not a nationalist, and generally annoyed by nationalists, i had to correct this and set the record straight. for your information, even armenian community in turkey finds what armenian lobby in west, especially u.s. is saying extreme and untruthful. that was why international armenian lobby has crucified hrant dink, because he said that they were too extreme.
first, the law requires banning of an entire site based on a single page content. it cant make the distinction.
second, the banning are generally tied to (for now) court orders resulting from court cases. like adnan oktar's, his lawsuits are generally based on defamation charges. some other lawsuits (not oktar's) are based on copyright charges.
so what happens is, a charge is filed in court, court decides, youtube, for example is banned. sometime passes. and that case is resolved, youtube is unbanned again. but 2 hours later, another court case's order comes active. youtube is banned again. and then reopened. and this goes on like that.
couple this with the anti-modern, anti-secular, anti-liberties moves of islamist government that is supported by neocon bush administration in united states, and unfortunately, for god knows why, supported by Eu as being a 'democratic' government, and the censorship board that they instituted which can now even ban anything without any court order, you can see the horror.
its unbelievable. for 80 years, this country has tried to modernize itself, and it did, to a great extent. and all that modernization and westernization is being undone by an islamist party that is appallingly supported by united states, and european union. and the reason they support it is even more appalling : 'its a democratical government'.
theyll see what happens when turkey has been made into an islamist country in 20 years' time. it will be disastrous, since turkey is not an underdeveloped country like afghanistan or iraq, or with low population.
but the contradictory, self conflicting behaviour of Eu is what annoys me the most.
we are not in thatcher days anymore. even thatcher's time was much more free and liberal than today.
in last 15 years, conservatives around the world have become real public enemies, damagers of the modern civilization. from usa to europe to australia the damage conservatives did to the modern values are beyond reproach. from civil liberties to privacy, there isnt a single field that they have harmed by their increasing levels of bigotry and zealotry.
troll ? not at all. i was a conservative once, long time ago. conservative doesnt mean protecting existing beneficial moral values and ethics anymore, it has become a political viewpoint that tries to suppress and mold people to its own whim.
dont vote conservative. follow my example. we cant afford to risk going back on the eve of 21st century.
However, I don't believe for a second that Greenspan is one of the zealots. He was not surprised that it turns out that the financial system needs regulating, like you seem to imply. What he was surprised by was that corporations, working towards their own self-interests, with all the risks that banks and insurance companies especially take extraordinary measures to insulate themselves against, would fail to insulate themselves from risks that could utterly destroy them in one fell swoop. You don't expect self-interest to solve ever problem, but you generally do expect it to solve the problem of self-preservation -- especially self-preservation of the most powerful entities in the country. I think it's reasonable for him to be surprised that that didn't happen. That some of the biggest banks and insurers in the country would basically simultaneously stupid themselves to death en mass. The critical mass of short-sightedness required for that to happen is not even imaginable to me, at least the way that I imagine banks and insurance companies operating.
check what you say.
it basically boils down to this : he didnt at one second think that there would be people who would not hesitate from breaking the entire system (leave aside the companies) for their own profit.
you cant err like that unless you firmly believe in something. trust it. he is one of the zealots, for it requires that level of belief in something to be able to let go of the fact that there are always evil minded people in every level of society.
hell, im in turkey and all what the parent says is happening right under my nose.
if any of you americans are foolish enough as to disbelieve these, and mod truth flamebait because you cant make peace with it, i dont have anything to say to you.
we are equating you, your government and your bunch with idiocy, ignorance and bigotry. you should shut up and do not mess with technical matters you do not understand. for, you clearly dont understand anything about how internet works.
when has electing ignorant idiots become a fad ?
you are far too critical and valuable to be wasted in a plane crash.
"and generates a security code for making a safe connection ..."
and what if i eavesdrop that connection and duplicate that security code ?
Computers and programs do what they are built to do, exactly like they are programmed by programmers. and programmers code what they are TOLD to program.
this senile old bastard is trying to drop the blame ball on someone else than himself. he was the person who ushered the 'let everyone run around lawless' era in finance. he was praising it and saying that 'free market' was this and that. now he comes up saying he is 'shocked' to see the market not regulating ITSELF.
i have news for you, bastard, what you call market is comprised of PEOPLE, and its a social activity. just like life doesnt 'regulate' itself so that you still need laws and justice system, the social activity you call 'market' also is comprised of people and full of opportunists, schemers, bastards, exploiters, criminals and crooks. if you just let everything be, IT BREAKS. and IT DID.
any person with only a few decade of life experience under his/her belt would be able to realize this.
but you and your fellows in the church of holistic economists were SO zealots in your belief that, you were unable to realize this simple fact of social existence despite your 5-6 decades on the face of this world.
shame on you old man. shame on you for preparing the grounds for breakdown of ENTIRE global economy with your zealotry and foolishness, and your attempt to blame others for it.
blame the data !! after all, noone can do anything against it right ?! its not live, its nobody, and even if you hate its guts, you wont be able to remove it from business, so problem solved.
dont label this behaviour with elaborate names like libertarian, conservative etc and legalize the behaviour in some way.
what he is basically saying that 'dont take my money, let the society crash down for all i care'.
this is plain out, basic self centeredness and greed, accompanied by a high measure of ignorance and lack of understanding. also, ingratefulness.
he makes use of all the benefits being a society brings, but he doesnt want to spare any of his resources to make sure that society keeps functioning, so he can enjoy those benefits.
this is stupid, ignorant, self centered all at the same time. its like shooting yourself in the foot despite you are so wanting to go jogging.
there is no border for crime. no confines either. eventually as the situation deteriorates enterprising criminals will reach towards your neighborhood and places you go. then youll get either kidnapped for ransom or stabbed in the butt. that will be the point you feel the invisible hand of the free market.
if there is a lot wrong with that rant, you tell what is wrong with it. you dont throw a mccain/palin like 'its wrong do research' bait and hope it will stick.
first, the damage was long done in the last 6 years of republican administration.
second, one politician should be stupid to come up and fight against this, while poodles were yelling 'hey youll cost people jobs, do you hate america - let businesses be'.
everyone saw what happened with jobs in the end. but apparently you didnt.
make $200 bn value of the mortgages $600 bn btw. i used the wrong number. $200 bn would be loss of a house bought by bank for the people from $600, but had to sell it because of nonpayment for $300.
the taxes they dont pay for social welfare state, they pay while getting stabbed in the butt and giving away their wallet. or paying for the increased police & security expenses.
what a stupidity !! instead of paying out taxes in at the start and totally reducing crime, they rather not pay it and then pay it in the forms of security expenses and risks, AND have also increased crime rate as a free gift in the package !
it first.
1.000.000 people unable to pay for their mortgages nets to a loss around $300 bn, if the houses were bought from $600 k by the bank and their values now $300 k.
thats only 1/3 of the cash us had prepared for its banks, its also around 1/10 of the cash that europe has provided.
you see, the funds provided had already covered approx 20 times that loss, if you count in what japan, korea and other nations have readied.
you should have understood by now that this is nothing related to unpaid mortgages or poor people, or fannie mae freddie mac. this is the bullshit that republican bastards are feeding you to get off the hook.
the real problem is this :
banks are allowed to lend approx 10 times the total assets they have. because its logical - money turns slow, so it doesnt create a problem. its all valid liquidity wise. this ratio is a healthy ratio and its checked by government regulation.
but, due to the lawless environment republicans and holistic economists have created by yelping 'hands off business' 'government out' 'government bad for economy, youll cost jobs to people', government regulation was totally hampered in that sector since reagan era.
then what happened ? in this unregulated environment, some bastards realized this ; if they show those mortgages as assets, and then create DERIVATIVE assets over them (called hedge funds in general because they accept all kinds of 'assets'), they can sell/trade those assets !!!
and they proceeded to do that. they created assets linked to those mortgage assets, then started trading them. attracted investors. those funds have inflated in value, disproportionately. imagine the funds value becoming $ 20 trillion instead of the mortgage value of $ 200 bn. this is round one.
in round two, they went further. they showed those DERIVATIVES as assets. meaning, despite they had $200 bn worth of mortgage assets, they now had $20 trillion worth of hedge funds/investments tied to those mortgages !! and they started lending by showing their total assets as $20 trillion plus $200 bn !!! see the point ? they started lending money THEY DONT HAVE !
see the issue now ?!
someone should have stepped in, checked their books and said 'hey, you dont have that much assets. what you are showing me as assets are actually derivative papers tied to OTHER assets. these are NOT real, and they are OVERvalued !!' and stopped them in their tracks.
but noone did. because a lot of poodles were yelping 'hands off economy !!'. so it went like this, those banks lent to countries, governments, megacorporations, traded those investment funds SO widely around the world that every bank in the world got infested by those funds.
then it was discovered. and today we are here.
unfortunately it was.
you have failed to create social welfare state. europe has succeeded.
you sound like a holistic economist, even a neocon republican. those days are at an end.
this recent crisis have shown us how dangerous unwatched, ungoverned, unregulated capitalism can be. entire world economy brought down by a handful of rogue megacorporations juggling funds in united states.
that wont happen again.
bangerereshi marahiri marirniyaaaaaaaaa huuuu * hands and arms swirling *
they dance for everything in bollywood. i cant imagine how much dancing is going to go into the forthcoming sci-fi films they are gonna make.
apparently he isnt aware that any piece of open source work that is recognized brings huge recognition for its coder, and leave aside what prestige and job offers this brings, many open source project creators eventually become busy creating paid mods for users with specific needs upon request.
eventually some of such open source codes develop so much that they create an expertise and employment area of their own, like oscommerce. go to elance, type oscommerce, select projects and search. you can find even phpbb mod requests, a lot of wordpress, joomla, go figure. businesses and individual entrepreneurs using such solutions cant wait for the community to incorporate their requests into the base code. (that would overinflate the code base anyway). they pay, they get their installation modified. you cant believe the kind and size of some modifications that is requested for oscommerce for example.
it aint as simple as this guy talks. many of guys like these are top level guys, living on the frontier and top levels of i.t.. therefore they think corporate market is everything. hoewer, in people's level, in small businesses level, the business is going on as usual despite the crisis.
why the execs in sony are being paid for anyway ? to run, govern things right ? if they let some fucktards ruin one of the biggest merchandises in the world, that means that they didnt do their job well.
This only lucasarts as the factor that can f@ck up this game. i wonder if bioware will be able to prevent it.
perchance, if any execs or liaison from lucasarts reading this, i have one advice : "shut the f@ck up during and after game development and let bioware do this thing". else i go on paying blizzard each month.
really ?
all make merry and rejoice !! for today is yer day !!
tomorrow im thinking of creating a 'No Underpants Day' out of my butt. it should be easy, considering that it'll be a day with no underpants.