Showing posts with label TWTFA. Show all posts
Showing posts with label TWTFA. Show all posts

Wednesday, March 25, 2009

Government as an embezzler

from the quoteable Mike Folkerth
We find ourselves in the unsavory circumstances of the embezzler who had always promised themselves that they would pay the money back, only to get in deeper and deeper to such time that repayment became impossible.

Sunday, March 22, 2009

Fuffled? Fufflery?

Club Orlov continues a pattern of excellence by posting this explanation of the word that perfectly describes...well...the whole damn thing. It's like the The Number 42.
A fuffle is an artful fake, an artifact specifically made to fool, beguile, seduce, or intimidate people into paying for it. Ideally, the initial transaction serves as the basis of a permanent arrangement, with the victim roped into an installment plan, which keeps the payments flowing even after the fuffle itself has crumbled into a pile of dust. An even better fuffle is one that grows over time. Since a fuffle is, in essence, a fake, its useful properties, should it have any, are largely irrelevant, and so its abstract (which is to say, financial) properties come forth as being the essential ones. The most important such property is, quite obviously, size, and indeed fuffles tend to get bigger and bigger over time. This is a telltale feature of fuffles that makes them easier to identify: if something gets bigger and bigger over time while delivering the same or lesser value, then it is quite likely to be a fuffle. Also, fuffles breed: as a fuffle gets larger and larger, it produces offspring of other fuffles, which also grow. Examples come from many realms.
That's it. Fuffle is the word. 

Friday, March 20, 2009

Here a trillion...


There! A Trillion!

Tuesday, March 17, 2009

How They See It

Hard to believe this is on Time.com

Careful there! Don't go besmirching Him and those He would have Help us.

I like this line about retaining vs. replacing the "key traders and risk managers" at AIGFP :
In other words, the guy who just stabbed the nation in the gut is the only surgeon who can stop the bleeding.
What a mess. I wouldn't be surprised if AIG ends up being ground-zero to The Whole Thing Falling Apart (my new acronym TWTFA - I am not expecting that to catch on or anything).