"The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties." A necropsy of the AIG deal, in the NYT. Spoiler: we lose. (lifted from Mitch Kapor)
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10:46 pm Mon
Nov 23, 2009
AIG necropsy: taxpayer billions, direct to their pockets.
The guy who figured out Bernie Madoff's scam now says GE is about to go bankrupt
Well before the collapse of Bernie Madoff's ponzi scheme -- the largest in world history! -- accounting investigator Harry Markopolos had publicly accused Madoff of running a scam; now he says that General Electric is "one recession away" from bankruptcy, with a "balance sheet in tatters."
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Amazon pays happy warehouse workers to tweet about how happy they are whenever someone complains about warehouse conditions
Nelsie writes, "Twitter user tweeting about inhuman conditions at Amazon warehouses gets brigaded by tag-team of warehouse workers who are paid to tweet about working at Amazon warehouses two days of the week."
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Wework loses $5200/customer, lost $1.3B in H1/2019
Financial disclosures from Wework in support of its IPO reveal that the company loses almost $5,200/customer, and that it hemorrhaged $1.3B in the first half of 2019.
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Create your robot army with these Arduino and Raspberry Pi kits
It’s a great time to be a maker. 3D printers are on store shelves for anyone to buy, and coder kits like Arduino and Raspberry Pi are letting kids as young as 9 or 10 dive into the Internet of Things. Here are a few examples of our favorite tech toys, all priced low enough […]
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Take your music production to the next level with this synth & sound bundle
Want to make a hit? The right software is out there for anyone, but any music producer will tell you that finding the right sound can still take time and talent. Still, the right tools are a great shortcut, which makes this Synth & Sound Pack Bundle absolutely priceless. And now that it’s on sale […]
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Save over 60% on these PowerBeats Pro alternatives
Let’s face it: People at the gym aren’t bragging about their headphones. If they were that great, they’d be listening to them instead of talking about them. So while we’re sure those new PowerBeats Pro earbuds are something special, why would you shell out $250 for a tiny pair of speakers when comparable ones are […]
