humhumhum

6 ms·

1.
by humhumhum 8y ago
Sure, and that's sort of what I alluded to. What was the goal of the bail out? It wasn't profit since the return on the investment in economic terms is horrible (and was so predictably). Compare for instance how the dow jones deve
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by humhumhum 8y ago
> Management consulting nonsense. Yeah, but nonetheless it will be shared on all public and corporate networks and influence business culture and decisions... What world would we live in if nobody would have ever termed these technologie
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by humhumhum 8y ago
Sorry that I split my answer here, but for some weird reason many educated people I've met said something like this: > As for “what about schools!” And similar, well the investments in the financial sector which are now paying out
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by humhumhum 8y ago
Glossing over the fact that there is still the opportunity costs that you neglect, would you be happy with a ~13% return over ten years? Would you consider something like this as a business offering?
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by humhumhum 8y ago
> That's like saying, he got a mortgage, shame on the bank for giving him free money! > It's not free money. It's a loan that needs to be repaid. Market rate interests are also being paid on that loan. The government is
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by humhumhum 8y ago
The problem with this view is twofold: - what was the agreed rate of return at the time the loan was given? - To maintain your image: why was the house on fire? Was it perhaps because of the enormous centralization of the financial market i
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by humhumhum 8y ago
> it looks to have gone reasonably well. Look at it this way: this is $627b that have not been spent on schools, education, health or infrastructure. What could have been the return on those? It is $627b that have been spent to disrupt a