Swimming with the Razorfishes

Friday, September 26, 2008


Ah, the buttered floor. A classic.

Thursday, September 25, 2008


And now for something completely different...

Big, Big, Big

Having been laptop-less for a couple of days, I haven't had a blogging environment set up, so I haven't been able to rant about the utter insanity going on in U.S. finance.

People have commented on the plusses and minuses of the "Paulson Plan," so I'll leave that one mostly alone. But I should mention that I'm not terribly confident that this cast of characters is going to solve any problems, particularly after the Treasury and the Fed present a plan that could be summed up as:

"We haven't really thought this thought, but why don't you just write me a check for $700 billion and we'll figure out what to do with it. I really don't think you need to know what we're going to do with all this money. In fact, why don't I put something in my legislation that expressly forbids congress or the courts from asking any questions."

Really, I'm not joking. That Paulson has some set of balls, I tell you. This is terribly important stuff; I hope it doesn't get rushed through.

The idea that a problem caused (in part) by bonkers Fed and Treasury policy can be fixed by giving the Treasury sweeping, unprecedented power and a big pile of money should seem rather silly.

But what really has me going tonight is this Washington Mutual intrigue.

Somehow, JPMorgan Chase & Co. seems to have acquired somewhere around $180 billion in assets for less than $2 billion. WaMu stockholders are completely wiped out. Most bondholders seem to be wiped out, too. This is a lot of pain spread out all over the place. Absolutely breathtaking.

Very few details of the deal are available tonight, but do read through JPMorgan's presentation materials.

Wednesday, September 24, 2008


My primary computer is a Macbook Pro. It is a couple of years old now, so the largest hard drive that I could get at the time was 160 gig. Space has been tight on that laptop for some time, so I thought I'd have some fun last night installing a larger one.

Good God -- Apple did everything to make it difficult to change the drive short of adding booby traps. And I'm not entirely sure the SATA cable path isn't a booby trap.

There are easily two dozen screws to remove in order to get at the drive, in addition to a case that needs to be carefully but forcefully pried apart.

Given that it is entirely common to replace hard drives and RAM, this is fucking insane! Apple, upgradability is an aspect of design, too.

Sunday, September 21, 2008

Big Week

I picked quite a week to take a vacation.


Vincent Laforet is excited about the new 5D.