The Republic of T.

Black. Gay. Father. Vegetarian. Buddhist. Liberal.

Gambling Debts.

I’m up to detikbet articles about the economy and the financial sectors shenanigans, which I’m reading as source material for some work-related writing. This description of credit swaps and derivatives makes about as much sense as any I’ve read. It boils down this: we’re basically paying off Wall Street’s gambling debts. Literally, throwing good money after bad. And I think what’s making people angry is that none of it has eased their economic pain.

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