😆 😆 😆 😆 😆
]]>When you base your world view on the ranting of people famous for writing fiction actual knowledge of Arctic animals is too much to ask.
]]>Other authors seem to fill an odd shaped void in the lives of some seemingly intelligent people, and the authors apparently believe their own delusions.
The real world exists and you have to live in it. A fantasy only works for so long, just ask the Hedgemony.
]]>*shrug* sure proves there are many stupid people out there.
]]>The housing bubble started and ended in South Florida, and I can guarantee that no one was using the CRA to buy a condo in Cape Coral. Builders weren’t putting up affordable homes down there, it was all condos and McMansions in hurricane evacuation zones. People got crushed by a bad economy, ARMs resetting, and spikes in property taxes and property insurance costs.
I remember people asking my advice during the dot com bubble, and pointing out that a couple of people with a web site hosted on a server in their bedroom with no obvious revenue stream did not justify spending $100 on a share of their stock. Market share was only meaningful if there was an actual market, i.e. cash flow outside of the stock market.
I get really annoyed with “true believers”, they always have excuses when their “ideal model” fails. I have read some brilliant people like Chomsky, Pauling, and Azimov who are without peer in their fields, but you hand them real life and they go round the bend. I didn’t think Ayn Rand was all that great as a novelist, and L Ron Hubbatd was a hack, but their followers are something to behold.
]]>Orson Scott Card should stick to his Science Fiction/Fantasy… oh… he has! LOL
In case no one has ever explained it to you, regulations are only relevant if they are enforced, and there has been a total lack of enforcement for some time.
Yup! Right on the money with that one Bryan.
Greenspan is just doing the usual republican shortsighted, ignorant fantasy world of “But it should have worked! If everyone had just done it by the playbook, it would have worked! It’s not my fault! They didn’t do what I said! Boo hoo”… Ya know how it goes… expect to hear a hell of a lot more of this over coming months and years about pretty much everything. We’ve already been hearing it about Iraq & Afghanistan, it”l get worse. 🙂
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