the whole world burns

Archive for March 2009

The Big Takeover

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Awesome take on the financial crisis from Matt Taibbi:

Once the capital requirements were gone, those top five banks went hog-wild, jumping ass-first into the then-raging housing bubble. One of those was Bear Stearns, which used its freedom to drown itself in bad mortgage loans. In the short period between the 2004 change and Bear's collapse, the firm's debt-to-equity ratio soared from 12-1 to an insane 33-1. Another culprit was Goldman Sachs, which also had the good fortune, around then, to see its CEO, a bald-headed Frankensteinian goon named Hank Paulson (who received an estimated $200 million tax deferral by joining the government), ascend to Treasury secretary.

On Living Pro-Lifers' Choice for Women

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A different perspective on the abortion debate: what kind of choice, really, is giving the baby up for adoption?

Birth mothers are a demographic seldom heard from, and then generally only in the context of how soon they want to "replace" their lost child. This is a huge WTF to me. I went into a self-destructive tailspin for over a decade, and never once thought that maybe a new doll would do the trick. [...]

What I didn't realize at the time - because not one person in my whole life had ever seen fit to mention the possibility, including the pre-adoption counselors - was that I'd spend so long hovering on the edge of suicide, desperately trying to find some way to deal with an all-consuming pain I had no idea even existed.

Lifesaver! Getting eLink to work

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Thank you God for this tutorial.

Small things, links and miscellany, sparkling with light. Sam's tumblelog.