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Ales Rarus
A Rare Bird, A Strange Duck, One Funky Blog
random thought of the moment:
The fundamental problem with representative government is that the people who would be best for the job least want it, and vice versa.
debt
Thoughts on the Bailout and Credit Cards
Unsurprisingly enough, credit card defaults are on the rise. This industry is marked by less oversight and more shadiness than the mortgage industry, which is saying something. Now American Express is asking for a government handout, since AMEX depends on banks’ buying securities backed by credit card debt in order to make money. Banks, of […]

