Trailer Park Boys Screw the Pooch!

It’s that time of year again!  The Frogg Pond’s winter trivia tournament is in full swing.  The Trailer Park Boys (Mark P, Pat G, Mary B, John M, Davey K, and John D) started week 5 (of the 16 week tournament) in third place.

This week’s final questions was, “What formula did  pharmacist, John S. Pemberton, invent?” Davey wrote Dr. Pepper so fast we were all impressed.  Everyone felt very confident and the team decided to bet the farm… all of our 281 points.  Unfortunately, the answer was Coca-Cola. Luckily, we get to drop our lowest score.

Come Join Us!

The Trailer Park Boys are always looking for new members to join us on Thursdays at 7pm at the Frogg Pond in Rehoboth Beach, DE.  Pete does an amazing job of coming up with the questions and we manage to have a great time whether we win or lose.

Inside Job

 

View of NYC skyscapers
The film that cost $20,000,000,000,000 to make

I just finished watching Inside Job, a documentary about what caused the financial crisis of 2008.

I first learned about Mortgage Backed Securities when I developed a course for Fannie Mae in the 1990’s.  And then came across the concept again when I developed training for the FDIC just prior to 2000.  What has always struck me as odd is the inability of subject matter experts to clearly describe what Mortgage Backed Securities are and how derivatives work.  It begs the question…

If these regulators didn’t understand them, how could they possibly be regulating them?

What I really don’t understand is why the executives that allowed this to happen have not been prosecuted.  At the very least, why haven’t their assets been seized?

Why do Angelo Mozilo and Richard Fuld get to keep their ill-gotten gains?

 

Angelo Mozilo
Angelo Mozilo, former CEO of Countrywide

 

Richard S. Fuld, Jr. former CEO of Lehman Brothers

This says it all…

Boiling with Rage!
Boiling with Rage!

 

Rahsaan Roland Kirk Plays ALL The Instruments!

How many instruments can YOU play at once. Better yet, how many WIND instruments can you play at once?

The interesting thing here is, it provides such a unique sound. This is Rahsaan Roland Kirk (the multi wind instrument guy). This stuff was introduced to me by Pauly at Ray’s Happy Birthday Bar in South Philly.

Good shit!

Deconstructing the world – one blog at a time