Pretty fascinating doc about the culture and social constructs of celebrity
iwnm
a digital bookshelf
Michael Lewis - The Big Short
The credit default swaps, filtered through the CDOs were being used to replicate bonds backed by actual home loans. There weren’t enough Americans with shitty credit taking out loans to satisfy investors’ appetite for the end product. Wall Street needed [Steve Eisman]’s bets in order to synthesize more of them. “They weren’t satisfied getting lots of unqualified borrowers to borrow money to buy a house they couldn’t afford,” said Eisman. “They were creating them out of whole cloth. One hundred times over! That’s why the losses in the financial system are so much greater than just the subprime loans. That’s when I realized they needed us to keep the machine running. I was like, This is allowed?””
Michael Lewis, The Big Short: Inside the Doomsday Machine [p. 143]
Pretty amazing
Hard to see how Robot Mitt can compete with this
Where’s the debate?
Stand by your instincts Anderson. CNN is obsessed with flashy inane graphics. Do we really need 3 dimensional figures to illustrate people gathering at a location?
I kept waiting to find out what pick-up truck was for sale… Ron Paul rocking a decidedly F150 vibe
FDR's edits to Pearl Harbour speech
Courtesy of the US National Archives
Observations on the lost Canadian “left,” similar to points made by Chris Hedges in reference to the disappearance of the American liberal class
Very interesting Reagan doc
Especially fascinating is the transition of his political ideology during the 1960s, and the creation of an idealized legacy of Reagan, essentially a self-serving conservative myth.
