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Recent Comments by Farhad2000
 | comment listing type: Top Sift for Mar 21st, 2010Friends O' the Sift Top New Drugs Videos by Vote  Subscribe Top 15 Drugs Sifters of All Time Top 9 Drugs Sifters of the Past Week 6. BoneRemake
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Low Point of Tim Burton's Career - The Futterwacken
More money for cocaine now.
Beautiful Animation
Pink Terror by Mike Barzman
*quality
Zero Punctuation: Mass Effect 2
Stiglitz to Tea Party: Gov't Saved US from Depression
I agree with you on the fact that the people responsible have not been punished, but who is exactly responsible? Everyone knew trading in the housing market was a huge gamble, but the people with the mathematical models believed they eliminated the risk, their fund managers did as well as did many of the millions of firms and hedge companies.
However that's one thing, but allowing many more companies to collapse would have pulled the entire financial sector down, because no one knew who was exactly in for how much for the damage. The government stepping in and rescuing them was a good step, but the huge bonuses was a publicity disaster. I don't buy the whole rationale of well if we didn't give them bonuses who would have stayed to work? So we agree on that.
I do believe that the government should have stepped in, capped bonuses, and reinforced the power of the SEC to not allow dubious financial instruments to get AA credit ratings.
I think Economics is a science, but a very immature one at that, I remember sitting in class discussing this with my profs and they had no clue how it would pan out. This is the first purely markets crisis we have had. The steps must be put in place to avert this happening again. But as long as firms push to make abnormal profits we will continually test the boundaries of the economy.
Stiglitz to Tea Party: Gov't Saved US from Depression
One point that made me chuckle, he stated that most people in the financial sector agreed that the bailout of the financial sector prevented a depression.
The price of spam (Blog Entry by jwray)
Thankful For Bold Risks and Trail Breakers (Blog Entry by dag)
They seriously need to open up their platform and allow more open source content in. This Nintendo style crap of controlling applications is ridiculous. Everyone knows that iPad could multitask but they lock it down.
It's not think different anymore, its think Apple.
Should We Bring back the Siftquisition? (redux) (User Poll by dag)
Rapture - IIO
Microsoft FUD (Blog Entry by dag)
Saturday morning cartoons taught you collectivism! (Politics Talk Post)
The Million Dollar Slave (You) (Philosophy Talk Post)