SturgeonsLaw

79 ms·

1. 1021.▲
   by SturgeonsLaw 11y ago

   ...and the banks ended up with those houses. Which were then packaged up and sold as rental back securities[1]. Rent-seeking in the most literal sense. 1. http://www.bloomberg.com/news/articles/2013-11-06/blac
2. 1022.▲
   by SturgeonsLaw 11y ago

   Very true. There's a tremendous amount of wealth extraction happening at the moment, and in general, the beneficiaries don't care at all. In fact, if the masses are poorer, then the rich are richer in both relative and absolute te
3. 1023.▲
   by SturgeonsLaw 11y ago

   But surely whatever data the phone is piping to and from those dummy files can be read while it's still plaintext?