Greece Was Betting Against Itself

Aside from the fact that they exist in the unregulated dark realm of the derivative securities market, we have just been presented with a really good example of what is wrong with the credit default swap as an instrument of constructive benefit to society. In this way, the use of the credit default swap was analogous to takingContinue reading “Greece Was Betting Against Itself”

Microsoft Copies Twitter; Retreats into Jungle then Begins Quoting T.S. Eliot

“We are the hollow men We are the stuffed men Leaning together Headpiece filled with straw. Alas! Our dried voices, when We whisper together Are quiet and meaningless As wind in dry grass Or rats’ feet over broken glass In our dry cellar Shape without form, shade without colour, Paralysed force, gesture without motion;” MicrosoftContinue reading “Microsoft Copies Twitter; Retreats into Jungle then Begins Quoting T.S. Eliot”