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Posted

Didn't you hear? There will be no next time. Since international capitalism has just had its Berlin Wall moment and is now bankrupt, from now on it's central economic planning, the cowrie shell standard, and barter.

Posted

Actually, I think I know more people with PhD's in physics who have gone into finances than have continued in physics.

 

I'm willing to bet that the warnings about the black-box approach to finances were ignored.

Posted

Can you believe that according to free market zealots, this incredible display of negligence and fraud argues for more deregulation?

 

Oh yeah, don't forget "war is peace".

Posted

When unobserved, the financial system is a superposition of all possible states. Since some of those states are quite high indeed, the average potential value rises. When observed however, it collapses suddenly to a lower real-world value.

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