Activity tagged “money”
To sum up: the music industry treats its artists like it treats its customers: like shit. This is why I don't feel even a little twinge of remorse for pirating music. The sooner these asshat scumbags go out of business the better.
Really good roundup of links to info about what the fuck's going on.
A JP Morgan prospectus from December 2004 covering CDOs. This actually explains pretty well why these investments were so hot: BBB-class CDOs were paying out at 3% above LIBOR (about 8% total). That's an amazing return on something rated so well. I'd have bought, too.
Ignore the snarkiness of leaking an internal memo about leaking internal memos and read Nick's plan for paying bloggers for performance. I'd suggest doing something similar for bonafide journalists, but I'd probably get lynched.
If he's right, I think we're spending far to little on Ellington.
Fucking incredible; I've been wanting an app like this for years. Well done!