#facestab chump Archives for 2002, 2003, 2004, 2005, 2006, 2007, 2008RSS

last updated at 2009-02-27 23:41

Creative Commons Zero License - as close as you're going to get to a public domain assignment.

coderman: "The person who associated a work with this document has dedicated this work to the Commons by waiving all of his or her rights to the work under copyright law and all related or neighboring legal rights he or she had in the work, to the extent allowable by law."

Household Debt Vs. GDP

coderman: regarding the 'twin peaks' of 100% debt-to-GDP ratio in 1929 and 2007, ""The problem is us. The problem is not the banks, greedy though they may be, overpaid though they may be. The problem is us... We've been living very high on the hog. Our living standard has been rising dramatically in the last 25 years. And we have been borrowing much of the money to make that prosperity happen."
coderman: - Columbia professor David Beim
Ash: thanks asshats
coderman: "In other words, the problem the banks are facing is the problem we, as a society, are facing: We all have too much debt. And getting rid of it is going to be painful."
Ash: from those of us who aren't addicted to credit
coderman: "If you want a solution in which those who bear the most guilt for the financial crisis pay the most to fix it, while the innocent don't have to pay anything, that's not going to happen." -- translation: WE'RE ALL SCREWED IN ONE WAY OR ANOTHER!

TITANIUM SPORK

Cessna 172 - Notable flights

   

Run by the Daily Chump bot.