I just finished reading The Big Short. I
have little reason to believe that any of the structural problems with Wall
Street described therein have been resolved. Outlook: cynical and gloomy.
Sarah | 2011-10-01T08:36:32.276733
Banker To The Poor: Micro-Lending and the Battle Against World Poverty
...or at least something uplifting. :P
Dad | 2011-10-01T12:27:59.607833
Drew Fisher | 2011-10-01T13:13:49.470417
Interestingly, there are HCI problems relating to microfinance. MSR did field tests with a machine that could OCR text written on paper by a scribe for a group of Indian women who pool their collateral to receive loans. The benefit was that it could check the math (and decipher handwriting) before they sent it off via mail to the computer guy, and it could also read off everyone's balance in the native tongue.
@Dad: Clearly, the purely rational self-interested thing to do would be to get in on the winning side of the racket at the world's expense, but I don't think I want to become that much of a jerk. Put another way: I could probably succeed at making a living gambling in the bond market if I were to do due diligence, but I don't think that's a life I want to lead.
Dad | 2011-10-01T13:17:43.800746
Drew Fisher | 2011-10-01T13:29:17.879924
I would also suggest you reacquire lawful means of self-defense, if you don't have them anymore (lead delivery systems). Actually, I'm probably in a more urban area and at greater risk should a significant displacement event occur...perhaps I should start stockpiling nonperishable food.