cryowizard: (Default)
I remember this old blog post from way back when I was working at BofA. Serious balls on that girl.


Truth be told, if my father were still alive at that point, I probably would have ran home to him with bitch tears in my eyes, but he wasn’t. At that point my Mother and I were very firmly estranged, so she was out of the question. I thought about filing for bankruptcy, but ew, only poor people do that. Trust me, the bitter taste that appeared in your mouth after reading that last sentence will turn into the delicious taste of sweet irony in just a few moments.

See, I knew myself and I recognized my comfort zones. I realized that if I stayed in my apartment filled with pretty things, I’d never change my attitude. I thought of ways I could make myself as uncomfortable as possible and when I had pictured the absolute worst of the worst, I did it.

I hauled every single solitary thing I owned out on my front lawn and I sold it. I sold my furniture, my beads, my dishes, and even the half empty bottle of windex under the sink. When I had finished, all of my earthly possessions amounted to 2 boxes of clothing and 1 box of personal papers and mementos, both of which I stored in the truck of my car. Then, I sublet my apartment to someone else, dropped out of college for a semester, purchased a really cheap gym membership, and I went homeless.

I vowed to go homeless until every cent of my debt was paid. Besides, I figured the whole experience was going to be very glamorous. I pictured myself working all day and then coming home, sitting in my car, and writing a book of memoirs about my experience. In reality, being homeless fucking sucked and pretty soon the only thing that mattered in my life was un-homeless-ing myself.

The one good thing about being homeless is that you really have nothing to do but work. When your boss asks you to work a few extra hours, you don’t hem and haw because you’re dying to get home and hang out in your car. I actually ended up picking up a second job at the buffet across the street just to fill the time. I’d work my primary job from 7am-4:30pm, walk across the street to my second job and work from 5-midnight, and then offer to do the nightly cleaning and lock up later so that I wouldn’t finish until 2 in the morning or so. After that, I’d drive to the gym and sleep in my car until it opened. I’d go in and pretend to exercise for 5 minutes so I could shower and start the whole cycle over again. My only bill was the membership to the gym and a few dollars in gas a week. I didn’t even pay for food; I just ate for free at the buffet. Since I had previously pretended that the credit cards companies didn’t exist for four months, a lot of them let me ‘settle’ my debt for slightly less than I owed or at least cut me some slack on miscellaneous fees and interest.

After I paid off my credit cards, I paid off my car. Then, I opened up a savings account and put about $500 in there. My first post-homeless apartment was significantly smaller and less extravagant than my last. I didn’t have a single stick of furniture or any cool Jerry Garcia bear beads to decorate with, but I knew that there was no way in Hell I was going to get my electricity turned off again.

And that, my friends, was one of the best feelings in the world.

cryowizard: (Default)

It's much like the relationship with your parents. If you keep taking their money, you have to follow their rules regardless of your age. If Greece cannot finance itself in the debt markets, and remains dependent on Germany and France to pay its bills, Germany and France will set the rules.

Greece: "Can I have loan to build new ferries?"

Germany: "No, not until you sell off your water company!"

Greece: (Sulk)

Germany: "Stop sulking and make yourself useful. Get me some yogurt."

via The Guardian comments.
cryowizard: (Default)
Ежели у кого есть Fidelity account, то можете воспользоваться их Android app -- очень недурно. Интерактивные графики, новости, анализ, можно переводить деньги и торговать, если надо. Совсем неплохо.

У JPM Chase и BofA тоже неплохие банковские Android Apps. А вот долбени из Capital One, например, поддерживают только iPhone...
cryowizard: (Default)
Our president has magic powers. He speaks a word and boom!

cryowizard: (Default)

Marc Farber's comment on the US economy:

The federal government is sending each of us a $600 rebate.

If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy.

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced
in US. 

I've been doing my part.

via [ profile] lkoyfman 
cryowizard: (Default)

Your mother shorts stocks in HELL! You'll need sound.

cryowizard: (Default)
"One wrong move, and I'll drop you like the stock price of Wachovia!!"

cryowizard: (Default)
Here's the WSJ article.

I'm now seriously upset. The country is being duped by this intelligent well-spoken conman into bringing back welfare.

Damn W for making this possible. If it weren't for him and his utter inadequacies, Obama's presidency would not have ever been possible.

PS. The opposite of shit is not clean -- it's also shit. Brace yourselves.

via [ profile] rkatsyv 

cryowizard: (Default)

This is about the bailout of banks via government purchase of their shares. And it makes sense, too.

In any event, government ownership of banks has frightening long-term implications, whether or not it alleviates the credit crunch.

Government ownership means that political forces will determine who wins and who loses in the banking sector. The government, for example, will push banks to aid borrowers with poor credit histories, to subsidize politically connected industries, and to lend in the districts of powerful members of Congress. All of this is horrible for economic efficiency.

Government pressure will be difficult for banks to resist, since the government can both threaten to withdraw its ownership stake or promise further injections whenever it wants to modify bank behavior. Banks will respond by accommodating government objectives in exchange for continued financial support. This is crony capitalism, pure and simple.

Government ownership of banks will not be a temporary expedient. Politicians can swear they will unwind the government's position once "economic conditions improve," but no one can enforce this promise. The temptation to use banks as a political tool will be permanent, not temporary, so government ownership will continue for decades, or forever.

Worse yet, government ownership of banks sets a precedent for ownership in every industry that suffers economic hardship. Some might argue that banking is "essential," but many industries -- autos, steel, computers or agriculture -- will make similar claims when it is their turn to demand a bailout. Thus banking will be only the first victim in an enormous expansion of the government's role. This again will have disastrous consequences for economic efficiency.

cryowizard: (Default)
If you had any doubts, here comes the New Welfare.

How fucking cunning of them. It' s no longer "welfare", it's "refundable tax credit".

via [ profile] rkatsyv 

cryowizard: (Default)
Задолбали! Знакомые бабы, близкие ли к финансам, далекие ли от
них, звонят и звонят с одним и тем же вопросом — "будет ли
дефолт". При этом сами плохо представляют себе, что это такое.
Сначала долго и нудно пояснял им, что дефолт — это всего лишь
полый или частичный отказ от выполнения своих обязательств в
установленный срок и в установленной форме. Приводил примеры про
то, как она берет у соседки в долг сто рублей до понедельника, но
в воскресенье предлагает вернуть их во вторник или полтиник
сразу, полтиник во вторник. Кивали, что понимают, но по
дальнейшим вопросам видел — нет, не понимают.

Дело с мертвой точки сдвинулось лишь тогда, когда заменил базовый
актив. Вместо сторублевки появились супружеские обязанности. "-
Read more... )


Oct. 11th, 2008 08:01 pm
cryowizard: (Default)
Liquid is the new black.

              -- Connie


cryowizard: (Default)

January 2016

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