They assigned risk factors that were insanely low in order to keep risky ventures going. Like, 1 in many billion odds. I mean, that was their jobs and what the bankers paid them to do.
Yeah, that's true.
I read somewhere about the ratings agencies that assigned triple-A ratings to these investments - one of the ratings agencies did not even have the ability to test for the possibility of housing prices going down. I mean, their computer models would not even accept negative numbers for "housing price increases."
For the SoCal folks - how funny is it that my Groupon today in Michigan is for Isgo Lepejian?
Mississippi Prom Canceled After Lesbian Date Request
JACKSON, Miss. — A northern Mississippi school district decided Wednesday not to host a high school prom after a lesbian student demanded she be able to attend with her girlfriend and wear a tuxedo.
The Itawamba County school district's policy requires that senior prom dates be of the opposite sex. The American Civil Liberties Union of Mississippi had given the district until Wednesday to change that policy and allow 18-year-old Constance McMillen to escort her girlfriend, who is also a student, to the dance on April 2.
Instead, the school board met and issued a statement announcing it wouldn't host the event at Itawamba County Agricultural High School in Fulton, "due to the distractions to the educational process caused by recent events."
Wankers.
So, another big quake in Chile? Seems a bit spooky to me.
eta: CNN tells me a 7.2 quake during the new president's inauguration.
It's an aftershock. A large one (7.2), but the original earthquake was pretty big, too. Aftershocks from an earthquake that big could continue for years.
"Midnight Knitter" Strikes New Jersey Town at Night with Knitted Cozies
Police in West Cape May, New Jersey, are investigating mysterious knitted cozies that are appearing on on trees in the town during the night:
But not everyone is keen to stop the mysterious knitter – and the mayor and many residents admit they have been enthralled by the rainbow of colours.
Susan Longacre takes a walk each morning in Wilbraham Park, where several tree branches have been covered in the handiwork of the Midnight Knitter.
“I think it’s wonderful” she told the newspaper.
Police in West Cape May, New Jersey, are investigating mysterious knitted cozies that are appearing on on trees in the town during the night:
That's awesome. I wish the article had pictures.
Fun info about beer: [link]
Vikings believed that a giant goat whose udders provided an endless supply of beer was waiting for them in Valhalla.
