Thursday, September 25, 2008

Living in a Post Enron era

Law and order in society generally work because police go to college and street thugs who flunked out of school can barely read or write, for the brighter crooks that can actually read and write we have the guys at the FBI or in Englands case Scotland Yard (cops with degrees).

Now what happens if the bankers with MBA’s and actuarial degrees start steeling?

They pull the biggest bank job in the world and walk out with perfect immunity.

My pension is going straight under my bed – and if any of those skinny bankers come close to my savings I’ll thump them.

The rules of the game

If you owe a little, they own you
If you owe a lot, you own them
The guy who owe's the most rules the world
It's simple economics!

Wednesday, September 3, 2008

Quote for the day

The future is already here – it's just not evenly distributed.
—William Gibson, quoted in The Economist, December 4, 2003[117]