23 books
—
5 voters
Financial Crisis
“
For the world, there are many very serious crises, such as the food crisis, already mentioned, or the environmental crisis, which threatens real catastrophe for everyone. But for the West in 2008–9, the phrase “the crisis” refers unambiguously to the financial crisis that has its deeper roots in inherent market inefficiencies, neoliberal doctrines about the alleged value of financial liberalization, dogmas about “efficient markets” and “rational expectations,” deregulation, exotic financial inst
...more
”
― Hopes and Prospects
― Hopes and Prospects
“
How do you explain to an innocent citizen of the free world the importance of a credit default swap on a double-A tranche of a subprime-backed collateralized debt obligation? He tried, but his English in-laws just looked at him strangely. They understood that someone else had just lost a great deal of money and Ben had just made a great deal of money, but never got much past that. "I can't really talk to them about it," he says. "They're English.
...more
”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
In primitive time, women might have started plantation however, the breakthrough for transition …more
1 member,
last active 10 years ago