Tuesday, March 24, 2009
Obama's Press Conference - Blog Comment of the day so far
sgwhiteinfla over at Balloon Juice
These media bubbleheads have no idea what to do with a President that has a worldview bigger than his ranch and a plan that goes out longer than the next quarter.
Even Katie Couric gets it. She said that he is "doing what he does best, taking it to the american people". The more he can show the media gasbags up as the disingenuous assholes that they are the more chance we have at getting past all this gotcha bullshit.
I am loving this!
I am going to need a cigarette after this presser. And I don’t even smoke!
These media bubbleheads have no idea what to do with a President that has a worldview bigger than his ranch and a plan that goes out longer than the next quarter.
Even Katie Couric gets it. She said that he is "doing what he does best, taking it to the american people". The more he can show the media gasbags up as the disingenuous assholes that they are the more chance we have at getting past all this gotcha bullshit.
I am loving this!
Greg Gutfeld -- Still a fuckwad
Twitter / GregGutfeld: My apologies to the Canadi ...
My apologies to the Canadian military, they probably could at least beat the Belgians.9:55 AM Mar 22nd from webThe mind reels
Monsterdoggles__cropped__bigger
GregGutfeld
Monday, March 23, 2009
Red Eye Fuckwads
I have such a hard time putting into words the complete nausea I felt watching this.
Sunday, March 22, 2009
Hulu advertisement with alec baldwin as alien
For some reason I think this is a great commercial. Not sure why it works from me but it really does.
Stupid Facebook Groups
I am constantly amazed by the number of people that will believe just about anything they read on the internet. A case in point this group, http://www.facebook.com/group.php?gid=54350527492&ref=nf# ,
that is against turning facebook into a paysite. This sounds like a reasonable thing until you sit down and analyse what it would mean for the business model that the place is built on.
Turning facebook into a paysite would be among the stupidest business decisions that has been made in a long long time--and let's face it there have been some doozies lately. It makes a fortune as it is now and it is only worth what it is because it IS a free site, or rather an ad supported site since TANSTAAFL. If it had 1% of the users that it does, which would be my guess if it went to even a modest pay to play structure then it would be worth virtually nothing.
Facebook prides itself on its ability to target ads based on our interests and demographic details. That is one of the biggest pluses in its business model. If I am an advertiser and someone can promise me that I can deliver their ad to only 47 yr old pudgy single white guys that have good jobs and live near a mall owned by the soon to be gone GGP (hmmm sounds familiar), then I am going to pay them a very nice premium to place that ad. If you take away the diversity of markets on facebook you take away the very reason that any advertiser gives a shit about the place and thus you take away the profitability in the business model. If you take away the profitability no one would want to buy the place.
Mark Zuckerberg is many things but stupid is not among them. It would be exceedingly stupid to kill the goose that is laying billions of golden eggs in his bank account.
This isn't to say that the people that join this group are stupid, I think they are sincere, I just think that there isn't any realistic chance that it would happen.
that is against turning facebook into a paysite. This sounds like a reasonable thing until you sit down and analyse what it would mean for the business model that the place is built on.
Turning facebook into a paysite would be among the stupidest business decisions that has been made in a long long time--and let's face it there have been some doozies lately. It makes a fortune as it is now and it is only worth what it is because it IS a free site, or rather an ad supported site since TANSTAAFL. If it had 1% of the users that it does, which would be my guess if it went to even a modest pay to play structure then it would be worth virtually nothing.
Facebook prides itself on its ability to target ads based on our interests and demographic details. That is one of the biggest pluses in its business model. If I am an advertiser and someone can promise me that I can deliver their ad to only 47 yr old pudgy single white guys that have good jobs and live near a mall owned by the soon to be gone GGP (hmmm sounds familiar), then I am going to pay them a very nice premium to place that ad. If you take away the diversity of markets on facebook you take away the very reason that any advertiser gives a shit about the place and thus you take away the profitability in the business model. If you take away the profitability no one would want to buy the place.
Mark Zuckerberg is many things but stupid is not among them. It would be exceedingly stupid to kill the goose that is laying billions of golden eggs in his bank account.
This isn't to say that the people that join this group are stupid, I think they are sincere, I just think that there isn't any realistic chance that it would happen.
Friday, March 20, 2009
Control Fraud as a factor in the financial meltdown
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis
I am off to work so don't have time to say anything terribly profound about this until tonight but I think that it is a very interesting take on WTF happened.
As a white-collar criminologist and former financial regulator much of my research studies what causes financial markets to become profoundly dysfunctional. The FBI has been warning of an "epidemic" of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds.1 When the person that controls a seemingly legitimate business or government agency uses it as a "weapon" to defraud we categorize it as a "control fraud" ("The Organization as 'Weapon' in White Collar Crime." Wheeler & Rothman 1982; The Best Way to Rob a Bank is to Own One. Black 2005). Financial control frauds' "weapon of choice" is accounting. Control frauds cause greater financial losses than all other forms of property crime -- combined. Control fraud epidemics can arise when financial deregulation and desupervision and perverse compensation systems create a "criminogenic environment" (Big Money Crime. Calavita, Pontell & Tillman 1997.)
The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence. To understand the crisis we have to focus on how the mortgage fraud epidemic produced widespread accounting fraud.
I am off to work so don't have time to say anything terribly profound about this until tonight but I think that it is a very interesting take on WTF happened.
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