Wednesday, October 5, 2016
Finished THE BIG SHORT
Well, it seems that the reason none of us understood "junk bonds" and all the other convoluted kinds of bonds that blew up towards the end of 2008 is that they were so complicated that no one understood them. Which may be why nobody on Wall Street was ever actually prosecuted--none of them understood what they were doing. They weren't criminal, they were stupid! The few people who bet against the bonds were very interesting people--unusual, very smart, and incredulous. Good book, though somewhat technical.
I have now returned to By Blood We Live. These are short stories about vampires by modern authors. I have read a story about a group of vampire hunters taking out a nest and am now reading one about a young vampire going out hunting alone for the first time.
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