Originally Posted by
tspek
Not exactly.
No doubt I missed the nuance and subtleties. I'll await your Wikipedia dissertation on the history of Facebook and it's socio-economic impacts on Western Civilization with an eagerness usually reserved for a Tibetan Buddhist pilgrim about to meet the Dali Lama.
In the mean time less BF and more work please. As a "clueless old fart" I need you to continue to fund the various revenue streams and social compact programs that I have no real economic need for but plan on taking full advantage of while I live on the capital I've acquired no doubt through the machinations of amoral CEO's and bathe in the ambiguity of being a former trade unionist while leeching off the very labor I once represented.
Originally Posted by
Greg180
Ayn Rand just flipped in her grave.
Didn't she date Ellen DeGeneris?
Originally Posted by
Greg180
On another note...Former Federal Reserve Chairman Alan Greenspan urged U.S. policy makers Wednesday to place significantly higher capital and collateral requirements on the financial-services industry, warning of the likelihood of future financial crises if steps aren't taken to address "too big to fail"
They may actually do this. But the laugher is that since they moved off of mark to market asset evaluation (things being, it seems, worth not what people will pay you for them but rather what the owner decides they are worth) if you want to increase your capitalization, you just go revalue your junk instrument pool. And Teddy Brassballs died a while back so the odds of a bank breakup to spread the risk pool is non-existent.