19 Jan

TED.com – Defend our freedom to share (or why SOPA is a bad idea)

What does a bill like PIPA/SOPA mean to our shareable world? At the TED offices, Clay Shirky delivers a proper manifesto — a call to defend our freedom to create, discuss, link and share, rather than passively consume.

via TED.com – Defend our freedom to share (or why SOPA is a bad idea). Clay Shirky delivers a clear and cogent history and explanation of PIPA/SOPA, walking through both the intent and what the ramifications of the bill and how it changes the entire legal system under which websites operate. Shirky also makes the very real point that even if PIPA and SOPA are killed (as appears increasingly likely) a bill similar to them will be back.

04 Apr

How Washington Abetted the Bank Job – NYTimes.com

How does one propose “sound practices” for practices that are inherently unsound? Yet that is what our regulatory guardians did. The statement is powerful evidence of the permissive approach bank regulators took toward the debt-dissolving financial products that our banks had been developing, hawking and using themselves for years. And it’s good reason for Americans to be outraged by the “who me, what, where?” reaction of Mr. Bernanke and the S.E.C. to the revelation of Lehman’s Repo 105 scam.

via Op-Ed Contributors – How Washington Abetted the Bank Job – NYTimes.com. Extremely edifying article on how regulators allowed banks to create derivatives that were backed with little to no real security and marketed as a gold standard product.