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Ditto. Ambition is good, but ambition taken to an extreme can yield greed. From there, the whole discussion drifts into morality and ethics, which pretty much guarantees arguments, name calling, or possibly even fist throwing :)

The whole "toxic loan" argument to me seems capricious and circular. The borrowers did not understand the agreements they were signing- just like young kids rarely understand or comprehend the possible long term effects that first hit of crystal meth might end up having on them. The lenders...

Jerry- we might have different opinions of Paul Krugman, but we can agree on Andrew Sullivan's point that you paraphrased above... any wonder the IRS is turning the screws on foreign governments to provide financial data on ex-pat US citizens back to Washington? Too bad that tax increases...

You're right, they did. And, there were laws (Glass Steagal most notably) that would have prevented any of this; but those laws were repealled in the 1990's. It was not a Black Market- it was fully open, perfectly legal, and is still going on today- and it is not just MBS- there are synthetic...

Damn, nice Pintos and Yellowtail too! I gotta get back down there before Thanksgiving....

That's a toad... Did you use one of those 5lb Sardineros for bait? He could have eaten either one of those.

{Thread Hijack alert} Paul Krugman.... really? Here's Krugman talking about how awesome war is for stimulating faltering economies: http://krugman.blogs.nytimes.com/2011/08/15/oh-what-a-lovely-war/ So who's the hater? Could it be the guy who equates death and destruction with economic...

Agreed. It's just so stupid that they waste the remainder of the animal - Shark meat is edible (some species like Mako and Thresher are even quite tasty)... Over harvesting any living stock is bad enough (the farmer's Mosaic rule- don't eat the seed corn); but when you also under-utilize what...