Barry sez, "How awesome is this treasure trove of emails, documents, files et. all placed online by the NY Fed? Some of the emails between Lehman execs are laughable — naive, silly, hubristic, childish. But my favorite piece simply has to be the Morgan Stanley research report from June 30 2008 “Overweight Rating” on Lehman Brothers — 'Bruised, Not Broken, Poised for Profitability'. 60 days later, Lehman Brothers filed what was then the largest bankruptcy in the United States. This is (literally) what the category 'Really Really Bad Call' was invented for. Who was the author of this steaming piece of shit, and where is he today? Why, he is Patrick Pinschmidt, and he is a Senior Policy Advisor at U.S. Treasury Department! (You could not make up stuff this un-fucking-believable even if you tried)."
The Lehman Bankruptcy Docs (Buy LEH!)
In Millionaire Migration and the Taxation of the Elite: Evidence from Administrative Data, Stanford sociologist Cristobal Young builds on his substantial research on “millionaire migration,” to show that only a small minority of millionaires move when local taxes go up — far too few to represent a net loss to the tax coffers.
Many years ago, EFF co-founder John Gilmore and I were discussing the prevalence of botnets, which are commonly used to launch distributed denial of service (DDoS) attacks that overwhelm websites with floods of traffic; John said that if the botnets were really on the rise at the reported rate, we should expect to see a […]
Anonymous Analytics describes itself as “a faction of Anonymous” that uses its “unique skills to expose fraud and corruption among public companies.”
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Jared Sinclair developed the RSS reader app Unread, which made $10,000 in its first 24 hours on the iOS market. And we’ve all heard the story of Flappy Bird developer Dong Nguyen, whose creation was reportedly earning $50,000 a day at the height of its 2013 explosion. While those are rare examples, they’re also testament to the […]