TitaniumTeddyBear

Words so strong they have splash damage.

Browsing Posts tagged news

And by "party" I mean "unstable approach to the economy".

And by “party” I mean “unstable approach to the economy”.

So, according to Last Week Tonight people in the US have started bundling together sub-prime car loans as an “investment product” just like they did with home loans before the 2009 financial crisis.
 

We are meant to believe that this can’t cause another crash because car loans make up quite a small part of the loan market.

The problem with this argument is that the loss of the mortgage market didn’t cause the financial crisis, it was just the trigger.

It only caused massive secondary effects because the entire system was unstable, and it still is.

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Look, I’m not saying they aren’t AWESOME, I’m just saying they are hypocrites.

I’ve just learned that Stephen Fry has had to cancel a trip to Japan because some jokes about Hiroshima and Nagasaki were made on his quiz show, QI.

Well, maybe it is too soon to be making jokes about the deaths of  200 000 civilians.

But can Japan really play the victim here?

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At least it wasn't a firewall.

Friends, it’s that time again.

Verizon is taking the FCC to court in order to battle for the right to restrict their users’ access to certain websites or services or to charge huge fees if you dare to use software that they don’t have a stake in.

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