(Untitled)

[mechromancer]

I heard an interesting comment on NPR this morning and would like more information from someone knowledgeable. One of the commentators said, "We're in a credit crisis, and every dollar borrowed by the Federal Government to pay 'economic stimulus' is a dollar that's not available to be borrowed by anyone else

Comments

[mechromancer]

great, so it's a trickle-down bailout..

[theamazinglammy]

Matt, I think that NPR did do some pieces on the credit default swap situation. They were actually pretty clear about how shitty that whole situation is:

http://www.npr.org/templates/story/story.php?storyId=96395271
http://www.npr.org/templates/story/story.php?storyId=96333239
http://www.npr.org/search.php?text=credit+default+swap

Though maybe npr isn't considered mainstream? I'm probably not awesomely representative of the mainstream news consuming demographic :)

[theamazinglammy]

I told you, that house was never really worth $500k.

Didn't Alex run some scam along those lines in Eve? About 3 years ago? Did the Jovians end up bailing anybody out in that situation?

[mechromancer]

Has anyone spoken with alex lately? How do we know he's not behind all this? It's just the kind of house-of-cards he'd love to sneeze on.