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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

The irony of being capitalists..

February 20, 2009

posted by Bala, 8:16 PM | link | 0 comments |

Situation Song

February 18, 2009

Situation : GM, Chrysler seek billions more

Song :

பிச்சைப் பாத்திரம் ஏந்தி வந்தேன்
அய்யனே என் அய்யனே
யாம் ஒரு பிச்சைப் பாத்திரம் ஏந்தி வந்தேன்
அய்யனே என் அய்யனே

பிண்டம் என்னும் எலும்போடு சதை நரம்பு உதிரமும்
அடங்கிய உடம்பு எனும் பிச்சைப் பாத்திரம் ஏந்தி வந்தேன்
அய்யனே என் அய்யனே

அம்மையும் அப்பனும் தந்ததா
இல்லை ஆதியின் வல்வினை சுழ்ந்ததா
இன்மையை நானறியாததா
சிறு பொம்மையின் நிலையினில்
உண்மையை உணர்ந்திட

பிச்சைப் பாத்திரம் ஏந்தி வந்தேன்
அய்யனே என் அய்யனே

அத்தனை செல்வமும் உன்னிடத்தில்
நான் பிச்சைக்கு செல்வது எவ்விடத்தில்
வெறும் பாத்திரம் உள்ளது என்னிடத்தில்
அதன் சூத்திரமோ அது உன்னிடத்தில்

ஒரு முறையா இரு முறையா பல முறை
பலப் பிறப்பெடுக்க வைத்தாய்
புது வினையா பழ வினையா கணம் கணம்
தினம் தினம் என்னை துடிக்க வைத்தாய்

பொருளுக்கு அலைந்திடும்
பொருளற்ற வாழ்க்கையும் துரத்துதே
உன் அருள் அருள் அருள் என்று
அலைகின்ற மனம் இன்று பிதற்றுதே
அருள் விழியால் நோக்குவாய்
மடற் பதத்தால் தாங்குவாய்
உன் திருக்கரம் எனை அரவணைத்து உனதருள் பெற

பிச்சைப் பாத்திரம் ஏந்தி வந்தேன்
அய்யனே என் அய்யனே
பிண்டம் என்னும் எலும்போடு சதை நரம்பு உதிரமும்
அடங்கிய உடம்பு எனும் பிச்சைப் பாத்திரம்
ஏந்தி வந்தேன் அய்யனே என் அய்யனே

-(இளையராஜா, நான் கடவுள்)


posted by Bala, 4:49 PM | link | 0 comments |

Vachamulla aappu..

February 16, 2009

For long, my most favorite among the asset bubbles was the great Chinese bubble. Apparently prices of everything would go up because the Chinese would buy them. Even the prices of puNNakku and gundoosi were going up because of China stocking up for the olympics. Then came the Dubai/Middle East "real estate/construction/mannar and company" bubble. Apparently the dubaiwallas believed they can build shit and shit would sell. Well bad for them, there is this pesky thing called reality..

...Lurid rumors spread quickly: the Palm Jumeira, an artificial island that is one of this city’s trademark developments, is said to be sinking, and when you turn the faucets in the hotels built atop it, only cockroaches come out...

We have seen lots of foolish stuff out there.. but building islands that look like a palm tree?

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posted by Bala, 8:29 PM | link | 3 comments |

let a thousand friedmans bloom.

February 12, 2009

India's unpaid shill Tom Friedman writing in NY Times:

..All you need to do is grant visas to two million Indians, Chinese and Koreans,” said Shekhar Gupta, editor of The Indian Express newspaper. “We will buy up all the subprime homes. We will work 18 hours a day to pay for them. We will immediately improve your savings rate — no Indian bank today has more than 2 percent nonperforming loans because not paying your mortgage is considered shameful here. And we will start new companies to create our own jobs and jobs for more Americans.”

please, please, listen to this guy. Since these indians who are supposed to bail out america from her troubles have already made india a heaven, we no longer need them. and while you are at it, take shekhar gupta as a freebie. we won't miss him and the also ran newspaper he edits. It is a win-win deal for India. We get rid of the won't-work-here-but-will-work-there crowd while getting to keep their remittances. And while we are at it, let us impose an emigration tax on these bailout indians - good riddance and we will make money too..

For people wondering how America got into such a mess, just look who is writing their editorials..

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posted by Bala, 10:12 PM | link | 1 comments |

AIG's cows

February 10, 2009

There a thousand WTF tales in the financial clusterfuck that became the depression we are facing now. But i am most fascinated by the sordid tale of AIG . Maybe it has something to do with the 3 years i spent as a software consultant (aka cyber coolie) for them, but even in the confederacy of dunces they stand out for their stupidity. Apart from the losses their Credit Default Swaps division (CDS) piled up (which i have described as playing russian roulette with 5 bullets in the chamber), their investment unit did far worse by aggressively lending mortgage backed securities. John Carney explains how it happened by using the cow story here:

You have two cows.

John Paulson borrows one cow so he can sell it for $100. He gives you $10 as collateral.
You buy your neighbors cow for $100, which you finance by taking out a $90 loan from the bank and use John's $10 to make up the rest.
You brag to everyone about your financial health. You have assets--two cows you own, plus one Paulson owes you--worth $300, and liabilities of just $100.
A third of the country goes vegetarian.
You thought your two cows were worth $200 and now they are worth $140.
You express confidence in your financial health. Your assets are now worth only $200--your two cows plus the one John owes you--but your liabilities are still only $100. If necessary, you could sell the assets at this distressed price and pay off all your loans.
You hold onto your cows because you are sure the market is "dislocated." Some day someone will want to eat beef again.
The rest of the country goes vegetarian. Your two cows are now worth $2 each to guys who want to make dog food.
John Paulson buys a cow in the market for $2 and he gives it to you as repayment of the loan. You now have three cows worth six bucks.

John wants his $10 back.
The bank calls. It wants its $90 back.
You call the Federal Reserve and ask for a bailout.


posted by Bala, 9:27 PM | link | 1 comments |

Poor Tom Friedman..

February 03, 2009

posted by Bala, 7:07 PM | link | 0 comments |