Oct. 2nd, 2008

catsidhe: (Default)
Take all tracks in collection (all 3362 of them), shuffle, pick the first n in order, post the first line and see who can guess the song (artist, composer, whatever).

I've left out the instrumentals. There are a few.

Of the following, some should be trivial, some will be impossible, the rest will be in between.

  1. Oh, you wired me awake and hit me with a hand of broken nails.
    Rusty Cage, Soundgarden [livejournal.com profile] lokicarbis
  2. Je suis d'Allemagne

  3. It was an April morning when they told us we should go

  4. All aboard, all aboard, whoa-o!
    Last train to Trancentral, KLF [livejournal.com profile] tcpip
  5. Every dead body that is not exterminated becomes one of them: it gets up and kills, the people it kills get up and kill...

  6. Kyrié eléison
    Kyrie, this version from Missa l'Homme Armé by Guillaume duFay [livejournal.com profile] ghymoreids_mum
  7. Aller êrst lebe ich mir werde

  8. What do you do when you're falling, you've got 30° and you're stalling out

  9. Sanctus sanctus sanctus Dominus
    Sanctus, this version from Missa l'Homme Armé by Josquin Desprez [livejournal.com profile] ghymoreids_mum
  10. (After sanctus sanctus sanctus &c...) Give Me Release

  11. And if I die today, I'll be the happy phantom
    Happy Phantom, Tori Amos [livejournal.com profile] alecto23
  12. I am just a newborn, stranger in this town.
    Young Lust, Pink Floyd [livejournal.com profile] lokicarbis
  13. Here, in my head, I found you here and running around and following me
    Here, in my head, Tori Amos [livejournal.com profile] alecto23
  14. It's alright, I'll come round when you're not in.

  15. All alone all alone all by myself
    Fingertips #12, They Might Be Giants [livejournal.com profile] lokicarbis
  16. And through the life force and there goes her friend
    Bells for Her, Tori Amos [livejournal.com profile] alecto23


Ach, who has the time for more? I don't sure as hell.
catsidhe: (Default)
So, the Great American Capitalism Meltdown. How about those crazy bankers, eh?

Now, it seems to me — a simple man, uneducated in such lofty matters — that these things are very complicated. Very complicated. And when I investigate reports on how this happened, there is a very good reason for this: because those who set up this whole house of cards made it as complicated as they could deliberately, so that they wouldn't be pulled up by auditors asking pesky questions like "is this a good idea?", or "is this moral?". or "is this legal?", or "could this undermine the very foundations of the money markets which are vital to the rest of the economy?"

And now that it looks like the answers to those questions are "no", "no", "technically" and "yes", the US government has come out with a Solution. Well, I say ‘US Government’, when really it is ‘a guy who made millions out of one of the companies now going broke, and sees his own worth disappearing if he can't give them lots of taxpayer money’. Po-tay-to, Po-tah-to.

But something strikes me about all this. This whole mishegas is based around people giving money to people who can't pay the money back, in the form of mortgages. These mortgages are, I would imagine, fungible things. I mean, several people might have invested in shares of a mortgage, and be entitled to a proportionate share of the profit, or someone might have taken out two mortgages, but each mortgage is one thing, especially from the point of view of the shlub paying it.

And now these companies, having done something silly by buying all of these mortgages, have gone bust. Who owns the mortgages? Who gets paid if the person can pay? Who is it who forecloses if they can't? I have no doubt that foreclosures will continue as normal, but is that legal if the person to whom you owe the money is effectively dead? I imagine that estates administrators haven't had time to get installed yet... maybe they have.

Moreover, what happens when the people who they borrowed the cash from to give to the people who couldn't pay it back have themselves gone titsup?

As far as I can tell, the deal with the $840e9 is that the government is effectively nationalising those institutions which can't be allowed to fail. (Who is determining whether they can be allowed to fail or not? Almost universally, people who do, have, or want to work for one or more of them. Conflict of Interest, much?) So, those who haven't already been fired will continue to get their 6- and 7-figure salaries playing roulette with other people's superannuations, and the sorry mess can continue to stand while it gets sorted out.

...

Sorry, I had to suppress a fit of giggles at that thought. “Sorted out” hahahaaaaa

Ahem.

So of the several ways this could be played out, there are three main tacks which I can think of, which can be summarised as ‘help the bottom’, ‘help the top’ and ‘help the middle’.

what I think... )

Oh, I don't know. I do know, though, that if the people who used to work for an industry and who now run the organisation which ‘oversees’ that organisation, ask for hundreds of billions of dollars to keep individual companies fat and happy functioning in the same way that caused the fuckups in the first place, then it is almost guaranteed to be a bad idea for everyone except for those companies.

And now I see on the news that it's gone through the House, gone up from the original 700e9 to 840e9.

I am not surprised.

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