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Shaggar posted:dont do an european startup cause they're all bound for failure in their failconomy It's cool, we're about to crucify all the bankers, problem solved.
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Oct 18, 2012 14:16
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tef posted:really i'm just trying to find a better option than "jump into another startup, watch it fuckup in slow motion". staying where I am will probably involve moving to a large corporation (amazon are hiring, heh). If you find yourself a good boss things will be a lot better. Whenever I've had a good boss I liked my job even when I was doing boring poo poo. Whenever I had a bad boss I hated it even when I was doing interesting stuff. Being a good manager is a learned skill, so founders who haven't ever managed anyone before are extremely unlikely to be good enough at it to avoid making your life lovely.
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Oct 18, 2012 14:20
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Zombywuf posted:It's cool, we're about to crucify all the bankers, problem solved. lol. loving bankers! its your fault our economies were based on doing nothing and infinite debt! you shouldnt have given us those loans if you were gonna ask for your money back!!
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Oct 18, 2012 14:25
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List of things Shaggar doesn't understand: * programming * economics
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Oct 18, 2012 14:28
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no thats the eu.
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Oct 18, 2012 14:28
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What do you mean we have to pay our debts?!?!?!?!!!
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Oct 18, 2012 14:28
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thats was free money given to we chosen people! do not taint us with your banker's lies!
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Oct 18, 2012 14:29
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Shaggar posted:What do you mean we have to pay our debts?!?!?!?!!! ITYM some rich fuckers debts after they bought themselves a solid gold yacht.
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Oct 18, 2012 14:29
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Shaggar posted:What do you mean we have to pay our debts?!?!?!?!!! lol
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Oct 18, 2012 14:29
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Shaggar posted:What do you mean we have to pay our debts?!?!?!?!!! seriously lol
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Oct 18, 2012 14:30
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tbh it should be super illegal to give out credit to people/businesses/countries that cant possibly pay it back.
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Oct 18, 2012 14:30
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Shaggar posted:tbh it should be super illegal to give out credit to people/businesses/countries that cant possibly pay it back. Yeah, gently caress people with pensions. Lending money to countries. Bastards.
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Oct 18, 2012 14:32
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Shaggar posted:What do you mean we have to pay our debts?!?!?!?!!! the idea that you don't have to always pay your debts is as old as history itself http://en.wikipedia.org/wiki/Jubilee_(biblical) also lol because the idea that you must always pay your debts runs completely counter to every economic principle ever espoused if every debt is guaranteed then why is there interest? if every debt is guaranteed then what incentive do lendors have not to make bad decisions investing money? just lol seriously
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Oct 18, 2012 14:32
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"there should be no such thing as risk" ———— literally shaggar just now
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Oct 18, 2012 14:33
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right. if theres no chance you can pay back the debt, then it shouldnt be issued. it only results in bubbles that bust when people realize the money has vanished.
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Oct 18, 2012 14:33
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In other news, mongodb: http://snmaynard.com/2012/10/17/things-i-wish-i-knew-about-mongodb-a-year-ago/
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Oct 18, 2012 14:33
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quote:You can control whether a query is run on secondaries and also how many secondaries are replicated to during the insert, but this will affect performance and could block forever in some cases!
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Oct 18, 2012 14:35
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Shaggar posted:right. if theres no chance you can pay back the debt, then it shouldnt be issued. it only results in bubbles that bust when people realize the money has vanished. lol
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Oct 18, 2012 14:35
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WHOIS John Galt posted:"there should be no such thing as risk" ———— literally shaggar just now idk you know what risk means. risk can be controlled and measured. big ticket item loans (houses,cars,etc...) are easiest to asses and you would be a fool to grant loans to someone you knew had no chance to pay them back. this is what happened in the us housing market. you would have banks continue to produce bad loans?
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Oct 18, 2012 14:36
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Shaggar posted:right. if theres no chance you can pay back the debt, then it shouldnt be issued. it only results in bubbles that bust when people realize the money has vanished. This is called fractional reserve banking. It's been around forever. It's basically why a lot of cultures banned usury. It's probably why the Templars were killed. It is the mainstay of our economy.
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Oct 18, 2012 14:36
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lol. euros dont understand risk.
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Oct 18, 2012 14:36
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"the [entity] should give us free money. our kids can worry about paying it back" -boomers, euros, and other various scum.
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Oct 18, 2012 14:38
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man, i don't want to get all david graeber in here, but this book is loving awesome http://amzn.com/1612191290
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Oct 18, 2012 14:42
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Shaggar posted:idk you know what risk means. risk can be controlled and measured. big ticket item loans (houses,cars,etc...) are easiest to asses and you would be a fool to grant loans to someone you knew had no chance to pay them back. this is what happened in the us housing market. you would have banks continue to produce bad loans? tbh there was more to the crisis than the banks just giving bad loans. the system worked so long as house prices didn't fall, and even then when the bubble burst it still wouldn't be the end of the world, but it was becoz of the amount of leverage the banks had (30:1 borrowed money to operating capital lmfao. any slight drop in the value of the assets purchased with the borrowed money would make the organisation bankrupt). compounded on all the illegal poo poo that happened on wall street (like the misselling of blatently bad securities as AAA), it made for a p.bad situation. X-BUM-RAIDER-X fucked around with this message at 15:20 on Oct 18, 2012 |
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Oct 18, 2012 15:10
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and after all of this poo poo happened, the US still believes that laissez faire economics is a good idea. n1
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Oct 18, 2012 15:15
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Shaggar posted:idk you know what risk means. risk can be controlled and measured. big ticket item loans (houses,cars,etc...) are easiest to asses and you would be a fool to grant loans to someone you knew had no chance to pay them back. this is what happened in the us housing market. you would have banks continue to produce bad loans? it's as if risk wasnt controlled or measured during the housing boom 
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Oct 18, 2012 15:19
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y.yo..you mean if i make bad loans i can't guarantee ill get my money back?? 
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Oct 18, 2012 15:20
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OBAMA BIN LOADIN posted:tbh there was more to the crisis than the banks just giving bad loans. the system worked so long as house prices didn't fall, and even then when the bubble burst it still wouldn't be the end of the world, but it was becoz of the amount of leverage the banks had (30:1 borrowed money to operating capital lmfao. any slight drop in the value of the assets purchased with the borrowed money would make the organisation bankrupt). compounded on all the illegal poo poo that happened on wall street (like the misselling of blatently bad securities as AAA), it made for a p.bad situation. right, but the wide availibility of cash artificially inflated the price of homes and fueled the bubble. without those bad loans being issued there would probably still have been a collapse, but the effects would have been much less of a problem. i guess they might could have found another mechanism for creating the new investment vehicles they wanted, but alot of banks kind of took it on faith that housing was solid and reliable and they looked the other way when maybe they would take a harder look at some newer thing. either way limiting credit availability and limiting leverage ratios are both good ideas.
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Oct 18, 2012 15:20
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jooky posted:it's as if risk wasnt controlled or measured during the housing boom the control in this case was supposed to be the banks going out of business. lol.
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Oct 18, 2012 15:21
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Shaggar posted:the control in this case was supposed to be the banks going out of business. lol. yes i agree. see: iceland.
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Oct 18, 2012 15:23
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guys guys guys can we just let shaggar be shaggar and get back to talking about how im at a difficult crossroads in my career and am also pretty depressed about the whole thing?
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Oct 18, 2012 15:24
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rotor u should get a new job
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Oct 18, 2012 15:24
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unfortunately banks were only able to get such a high leverage ratio as a result of the deregulation of the financial market over a long period of time, and i doubt the us government are going to reintroduce any strict regulations anytime soon.
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Oct 18, 2012 15:24
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Shaggar posted:rotor u should get a new job man i just got a new job
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Oct 18, 2012 15:25
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Inside Job is a p.good film documentary and a good starting point for anyone looking to understand the financial crisis http://www.imdb.com/title/tt1645089/
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Oct 18, 2012 15:26
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OBAMA BIN LOADIN posted:Inside Job is a p.good film documentary and a good starting point for anyone looking to understand the financial crisis dude, come on
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Oct 18, 2012 15:27
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rotor posted:guys guys guys stop spending money and retire or something idk
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Oct 18, 2012 15:27
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rotor posted:man i just got a new job get two
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Oct 18, 2012 15:27
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rotor posted:man i just got a new job look on the bright side. you have a boy and a waifu and stable, responsible finances. programming sucks when it turns into scrubgramming but so does anything 
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Oct 18, 2012 15:27
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cnc the yosvape rotor, you and johnny can live like kings or at least choom like kings or maybe burn down your house, idk
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Oct 18, 2012 15:28
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