Life, politics and... application development by Frank Quist.
I'm a third-year social work student in Utrecht, the Netherlands. Here I occasionally "blog" on random topics, as a means of distracting myself from the place of intense chaos that some call Hogeschool Utrecht. Also, I have to channel my nerdier tendencies somewhere... social work does not tend to work for that.
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Despair over financial policy →
The Obama administration is now completely wedded to the idea that there’s nothing fundamentally wrong with the financial system — that what we’re facing is the equivalent of a run on an essentially sound bank. As Tim Duy put it, there are no bad assets, only misunderstood assets. And if we get investors to understand that toxic waste is really, truly worth much more than anyone is willing to pay for it, all our problems will be solved.
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