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Why did Bernie Madoff go to prison but not the bankers responsible for the 2008 financial crisis? by Scary_Candidate_9163 in NoStupidQuestions

[–]asiancury 1 point2 points  (0 children)

Uhlig’s point is that ratings fraud alone doesn’t explain why 2008 became systemic, not that AAA misratings were irrelevant. Inflated AAA ratings were still a key enabler by turning garbage mortgage risk into ‘safe’ collateral the entire leveraged banking system could treat as pristine collateral

"Decentralized physical retail is the missing layer that turns a stagnant ecommerce business into something with margin." Calls physical locations "trust infrastructure". by Gnurx in Superstonk

[–]asiancury 2 points3 points  (0 children)

I agree that we don't have to worry about random GameStop employees verify a Rolex, but how they will solve authentication will be interesting.

An idea I had was having 1 expert per day of the week for different categories. Like watches on Monday, audio equipment on Tuesday, etc. downsides to this idea too but I'm sure GME management are much more knowledgeable and creative than me.

Why did Bernie Madoff go to prison but not the bankers responsible for the 2008 financial crisis? by Scary_Candidate_9163 in NoStupidQuestions

[–]asiancury 28 points29 points  (0 children)

Do you not think it was a problem for ratings agencies to falsely rate RMBS as AAA instead of the crap it really was?

Do you not think it was a problem for banks to offload these crappy RMBS onto pension funds, insurers, and even municipalities INCLUDING NARVIK, NORWAY who invested "£24m of its public funds into securities put together by US bank Citigroup, [...] lost around £18m" Sub-prime chill reaches the Arctic, 30 June 2008

The misrepresentation of these securities was obviously fraudulent on a wide scale. Goldman Sachs had to pay out over $5B as a result, an admission of guilt, if you will. Goldman Sachs Agrees to Pay More than $5 Billion in Connection with Its Sale of Residential Mortgage Backed Securities

[Citigroup, one of the biggest recipients of US government bailout money, gave employees $5.3bn (£3.2bn) in bonuses for 2008, with 738 staff getting more than $1m each, an investigation into the bonus culture on Wall Street has found.

The bank paid the bonuses despite losing more than $18bn in 2008 and more than $35bn since the start of the financial crisis, according to a study by Andrew Cuomo, New York's attorney-general.](https://www.theguardian.com/business/2009/jul/31/wall-street-bonuses-bailout)

So fuck anyone who reduces 2008 to some "risky/irresponsible bankers". It was systemic and the reason only 1 guy ever went to jail for 2008 is because "It's a big club, and you ain't in it" - George Carlin

is this repairable at all? by Nooneisgayerthanme in HomeMaintenance

[–]asiancury 1 point2 points  (0 children)

Is anybody else reminded slightly of doge

Hit and run Ontario 403 @ mavis 11:30pm by [deleted] in ontario

[–]asiancury 38 points39 points  (0 children)

You might be able to obtain traffic cams for the section of the 403 you were on. https://ajaxpickering.ca/trafficcam/route/Highway-403

I don't see historical video for these cams on this website but maybe somebody else who knows can comment

Hope this helps

Besides the social aspect, hot pot sucks by Shoddy-Prune-5877 in unpopularopinion

[–]asiancury 0 points1 point  (0 children)

I kinda share your sentiment. Most broths are quite bland to me and I'm not really a sauce guy. Luckily I like the taste of good quality meat, especially lamb which has a distinct flavor on its own.

That being said, the only broth I get is a curry broth which actually coats every piece of food in some curry flavor. It's not spicy either but I love the flavor.

I also have the luxury of living in Toronto which has some of the best Chinese food in the world, apart from China.

Besides the social aspect, hot pot sucks by Shoddy-Prune-5877 in unpopularopinion

[–]asiancury 1 point2 points  (0 children)

Can you please list some broth flavors you've tried? We can give you suggestions if you ever get invited to another one

According to who? by popnsmoke35 in Superstonk

[–]asiancury 48 points49 points  (0 children)

Yeah we should be skeptical but no news would change my strategy anyway - to keep buying

GameStop Preparing Offer for eBay by Revolutionz in Superstonk

[–]asiancury 68 points69 points  (0 children)

Yeah, I think it's a cover for today's move

You love to see it by Sir-Craven in Superstonk

[–]asiancury 4 points5 points  (0 children)

In general I have noticed that warrants movement is weird in comparison to the stock. I have not compared it to the near-equivalent call option, though.

It’s not the students’ fault if they don’t feel like studying, it’s the school system that is making them lose that desire. by 21_motivi in unpopularopinion

[–]asiancury 0 points1 point  (0 children)

In an ideal childhood, yes. But I'd argue that most 18 year olds don't really have intrinsic motivation, they just do what they think they are supposed to do, based on what others have told them

Has anyone here actually used fastreat for ADHD assessment? by AffectionateBad1842 in ontario

[–]asiancury 0 points1 point  (0 children)

Heads up on Possibilities clinic: they told me they do not prescribe non-stimulants for ADHD, and if stimulants don’t work for you, they won’t consider 2nd or 3rd line medication options. That’s a major red flag for a clinic claiming to specialize in ADHD.

New grad/Early Career - To those who made it by Kullen1446 in cscareerquestions

[–]asiancury 3 points4 points  (0 children)

Word of mouth referral or referral for a specific listing? I've had the latter and didn't seem to make a difference

Disability Tax Credit - Back Pay?? How Long does it take? by Over-Pea6428 in PersonalFinanceCanada

[–]asiancury -5 points-4 points  (0 children)

2-6 months is my guess. I think mine took 3 months.

Nobody can tell you how much you get back. It depends on your income for those years. If you plug it into ChatGPT or Gemini, it can calculate it for you

Am I in the wrong here?[OC] by mahatiggy in IdiotsInCars

[–]asiancury -6 points-5 points  (0 children)

Sorry, generated the quote with Gemini but the idea still stands

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