Wachovia collapsed because it bought Golden West, 72% of whose home loans were sold under their "Pick-A-Payment" terms, where borrowers were allowed to skip payments with no penalty:
What credit crisis?
your turing test:
Corporate Bastardizations of Culture
Government Bastardizations of Citizenship
Where's the Beef? A Very Khmer-Chomsky "Planet Dershowitz"
Oil for Nothing:US Holds On Humanitarian SuppliesIraq: 1997-2001
the good book and other cultural artifacts
books I want
other books I want
sounds I'm listening to
Home and Away