Comment: Re:Bogus outdated thinking (Score 1) 444
to protect from 4 node failure, is the storage overhead 1:5 or do you use some compression technique?
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The reason we are in this mess is allowing of sub-primes to the general population, relaxing the the debt-to-net ratio for some institutions from 12:1 to 30:1, not regulating predatory and misleading lending practices and because credit default swaps were explicitly NOT regulated.
And logically, I think the next question is: Was at least one of the above points done with the intent to actually create the current crisis?
If two people love each other, there can be no happy end to it. -- Ernest Hemingway