With our economy in crisis, the US Government is scrambling to rescue our banks by purchasing their “distressed assets”, i.e., assets that no one else wants to buy from them. We figured that instead of protesting this plan, we’d give regular Americans the same opportunity to sell their bad assets to the government. We need your help and you need the Government’s help!
Use the form below to submit bad assets you’d like the government to take off your hands. And remember, when estimating the value of your 1997 limited edition Hanson single CD “MMMbop”, it’s not what you can sell these items for that matters, it’s what you think they are worth. The fact that you think they are worth more than anyone will buy them for is what makes them bad assets.
"We’re socializing our financial system. We’re socializing the wealthiest and largest players in our financial system to an unbelievable degree. But we don’t want to help the homeowners and families who were victimized by these loans. It boggles the mind. It truly boggles the mind that people can hold those principles together in their mind and not cringe."
-Prentiss Cox, a professor of law at the U of M and former assistant attorney general
“For years now, they’ve told us that we can’t afford—that the government providing healthcare to all people is just unimaginable; it can’t be done. We don’t have the money to rebuild our infrastructure. We don’t have the money to wipe out poverty. We can’t do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street.”—Democracy Now (via donotronix)
I know I’m probably the last one to find this site, but just in case…
Herein lies every episode of every television show you’ve ever wanted to see, all for free (though you do have to sit through 1-2 short commercials) and all completely legal. May I recommend “It’s Always Sunny in Philadelphia.” Great show. Great, great show.
"There are two large urns placed in front of you. The urns are completely opaque, so you cannot see their contents. The urn on the left contains ten black marbles and ten white ones. The urn on the right contains twenty marbles, but you do not know the proportion of black to white. Now, the game is to draw a black marble from one of the urns. If you are successful, you win $100. You only have one chance, so which urn will you draw from? Keep the answer in mind.
Let’s play again. Now, the game is to draw a white marble. Again, you only have one chance, so which urn will it be?
Most people when confronted with these choices choose the urn on the left — the one with the known proportions of black and white marbles. And therein lies the paradox. If you choose the left-hand urn when trying to pull a black marble, that means you think your chances are better for that urn. But because there are only two colors in both urns, the odds of pulling a white must be complementary to the odds of pulling a black. Logically, if you thought the left-hand urn was the better choice for a black marble, the right-hand urn should be the better choice for a white marble. The fact that most people avoid the right-hand urn altogether suggests that people have an inherent fear of the unknown (also called the ambiguity aversion).”
from Iconoclast, by Gregory Berns (via boing boing)
“The rise of social media has made it easier than ever to keep in touch with friends, relatives and coworkers. With a few keystrokes you can reconnect with an old high school buddy, learn what your coworker’s favorite band is, or play Scrabble with a friend who lives on the other side of the globe.
But while increased connectivity is an undeniably good thing, you can just as easily use it to annoy the living hell out of everyone you know. This is the internet, after all, and if something on the internet can be used in an annoying way, you can safely assume that 99% of the population will proceed to do so (go try reading a comment on YouTube if you don’t believe me).
People need rules to tell them how to act. Luckily I went to the top of Mount Internet last night, and God handed me down these 10 Commandments of Facebook for all to obey. Follow them or you’ll go to hell.”