Monday, July 6, 2009

Canadian banks

All the digression into engineering issues cannot be sustained without a break to look at what's going on in the money world.

The USA Today had an article that exclaimed how the Canadian banks (yes, our northern neighbors) did not have the meltdown seen here in the good old US of A. Well, they didn't run off after ridiculous leveraging schemes (reminder, farming out is a type of leveraging). Too, they were suspect of those who wanted us all to think that toxic securities were manna from heaven (reminder, parallel here with hype over hypothesis).

Perhaps, it's that cold air up there that keeps them sane. New York must not freeze enough to rid us of the pests (eternal noise from the best and brightest).

Hey! Isn't Chicago cold, yet we see (Cramming for the exam, Rush job, A new game (risky business), ..., Out on the limb, ...)?


02/03/2011 -- This is a place holder, for now, for Lewis' article. The Irish people (where is the rage?) were screwed over even more than the Americans. Now, one could argue oops; but, the truth is that certain minds need much more restraint than they are willing to admit. Unfortunately, other people bear the effects of these idiots (who, by the way, may, in many cases, test well - too bad there is not an effective arse test).

07/31/2009 -- Let's see, 5,000 got over $1M for services rendered. Well, that's probably a sign of being a best-and-brightest, at least to certain eyes; it's called rolling-in-the-dough.

Now, this can be used to illustrate how the game it to fill the pockets of a small set to an exorbitant amount. Does the game need to be that way? Hell no. We'll look at that some more.

Modified: 02/03/2011

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