"Actually -- going into every mortgage and collecting normalized data gets tot he root of the sub-prime issue -- which is no one knows how bad this stuff really is -- if you could go into the couple of million mortgages here and be able to authortatively give the market a sense of what the underlying reality is, that's a great start.
The CDS's *are* a different story and they really do suck -- but since many of them are bets on top of (that's right) sub prime loans, going to the bottom of the mess and putting together real data strikes me as effective"
"Congrats, Owen.
I've got to hand it to you, playing the race card with such a flimsy hand is a bold move.
But, given that you're essentially saying that blogger angst is essentially just another form of white entitlement, this one is groomed to zoom.
Between this and the Julia Alison apologist track Paul has brilliantly occupied, I'm looking forward to seeing you guys get thrown out of the techcrunch party today to make the trifecta :-)"
"Well, if you are whining about the people who make money, you are in fact a perma-loser.
The way we in the non-perma loser bucket (you know, us who have jobs which enable us to drive up your rent) whine back is on the blogs and web sites where we make a living instead of the sidewalk.
One of the few classes of people I (as a white anglo saxon protestant) can take out my ire with absolutely no guilt is the collection of perma-losers with a similar background who have made "different choices"."
"Perhaps with the various male model pics, Violet Blue posts, sniping between Kara and Owen and speculation around Nick DOuglas, it's time to borrow the "gay" and "straight" featire from fleshbot for valleywag?"
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