G C Lichtenberg: “It is as if our languages were confounded: when we want a thought, they bring us a word; when we ask for a word, they give us a dash; and when we expect a dash, there comes a piece of bawdy.”
H. P. Lovecraft: "What a man does for pay is of little significance. What he is, as a sensitive instrument responsive to the world's beauty, is everything!"
Werner Herzog: “We are surrounded by worn-out, banal, useless and exhausted images, limping and dragging themselves behind the rest of our cultural evolution.”
John Gray: "Unlike Schopenhauer, who lamented the human lot, Leopardi believed that the best response to life is laughter. What fascinated Schopenhauer, along with many later writers, was Leopardi’s insistence that illusion is necessary to human happiness."
Chris Ware: "Being a cartoonist means you don’t consider yourself too fancy."
Justin E.H. Smith: “One should of course take seriously serious efforts to improve society. But when these efforts fail, in whole or in part, it is only humor that offers redemption. So far, human expectations have always been strained, and have always come, give or take a bit, to nothing. In this respect reality itself has the form of a joke, and humor the force of truth.”
विलास सारंग: "संदर्भ कुठलेही असोत, संस्कृत, इंग्रजी, बुद्धिवादी, तांत्रिक, इतिहासाचे, खगोलशास्त्राचे, आधुनिक पदार्थविज्ञानाचे, शिवकालीन व पेशवाईतील बखरीचे, अगणित ज्ञानक्षेत्रांचे, अशा वैविध्यपूर्ण ज्ञानावर लेखन- विशेषत: कवितालेखन- उभं राहत."
Monday, August 20, 2007
Can she hang on to it in these times of “sub-prime crisis”?
D Murali says in Business Line (August 19, 2007):”…. Now, what are the lessons from the crisis? This sub-prime mess raises two very important issues. One, the way banks lend money willy-nilly to people without properly checking their credentials; and two, the absolutely pathetic rating process used by the rating agencies. While both are hazardous to the system, the latter raises issues of moral hazard because the rating agencies profited massively from rating these residential mortgage backed securities.”
Allan Sloan:: “…..It’s really amazing: Most of the loans to substandard creditors borrowing 100 percent of the purchase price of homes they couldn’t afford were rated the same as GE and the federal government. That makes no sense. But the money rolled in, and Wall Street — by which I mean the world’s biggest and most important financial institutions — didn’t care about the real world or ask any questions. It was too busy making money, and cashing bonus checks generated by subprime-mortgage profits…..”
Don’t we all know how banks in India have pestered us for last few years to take any loan from them?
Poor Barbie. She was tempted to take the loan for her brand new docking station. Now she finds barbarians at the gate to repossess her new asset!
"BAD NEWS, HONEY, I'M AFRAID BARBIE DEFAULTED ON HER MORTGAGE. THIS MAN IS HERE FROM THE BANK TO FORECLOSE ON THE DREAM HOUSE"
Published : Asian Age August 20, 2007