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Comment This is how ... (Score 1) 33

... the markets got into trouble in 2007-2009. CDOs and CDSs became "artificial" and it became possible to go long or short a security that really didn't exist. Add that to the creation of "naked" credit default swaps (CDS) and more money was being bet (in the end, shorted) on things than the face value of the things themselves. Naked CDSs are pretty much gamblers bets. Because you aren't buying them to protect an asset that you have. And gambling commissions are much better placed to keep an eye on such markets. And whether a game gets thrown if too many bets are placed against it.

It's like me (and all your other neighbors) buying fire insurance on your house. When there's more money to be made by your house burning down, the invisible hand of the market moves so as to make that happen.

Comment Re: Wrong Diagnosis; Motivated Dishonesty. (Score 1) 163

Internet censorship won't restart the engines. That doesn't mean they won't keep trying anyway.

They've been interested in censoring it ever since they became aware of it. It's truly remarkable how the CDA backfired so beautifully. It's somewhat stupefying how many people who ought to know better (as in, they wouldn't even be allowed to opine further about it) would like to undo that!

Comment Re: \o/ (Score 1) 73

Netanyahu voted for Hamas. He bragged repeatedly about making sure they got funded as part of his strategy on Gaza. He is far more culpable than any other single person for the attacks that people like to claim led to this genocide, ignoring that Hamas was founded in response to an Israeli settler doing a massacre in a mosque.

Comment Re: Shaking fist at clouds? (Score 1) 163

IME the very best information can't even be found in fora, it's on private mailing lists.

Back when I had a Nissan 240SX I was on such a list called the 240-list which was at least twice as good as any forum.

The public is just too problematic for people who actually know and do things.

Comment Re: Wrong Diagnosis; Motivated Dishonesty. (Score 1) 163

Stephenson mentions this phenomenon in The Diamond Age, where as people approach higher strata, their news gets to look more the same so they're all on the same page. I have another proposal for why it would be such and why it's NOT desirable, though: the wealthy pissing down on us actually do tend to read the same shit in the real world... Because they have the same goal of treading upon us.

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