[Dragaera] SKZB is prescient!

[Steve Rapaport]

Not only has all this happened before, it has happened before a lot, and
recently.  Just not very often in America.  Until now.

http://www.iht.com/articles/2008/07/20/business/20fail.php

2008/7/16 Marcus Grymme <marcus.grymme at gmail.com>:

> First, hello to everyone! I've been reading Mr. Brust's books for years,
> but
> just found out about this mailing list
> and subscribed to it.
>
> I bought Jhegaala last weekend, but I decided to re-read the entire series
> before reading the new book, and I saw
> something amusing in Orca. In chapter 13, Kiera and Vlad are discussing
> banks and how they make money.
> Paraphrasing, a bank's reputation is partially determined by how much money
> it has. The amount of money it has
> is both the cash it has on-hand, and the amount of money it has given out
> in
> loans. Making more loans increases
> the money they have "on the street", making them look better. Making more
> loans also requires being less
> selective about the people to whom they give the loans. So by making a lot
> of high-risk loans, they can look like
> they are doing great, while they are in reality "Tottering on the edge of
> ruin."
>
> To me, this is conclusive proof that
>     A) The US banking industry, particularly the mortgage banks, are run by
> Orca with Jhereg influence.
>     B) SKZB predicted this over a decade ago.
>
> I guess now this leaves us with the task of figuring out who to kill to try
> to straighten it out. :-)
>
>
>
> Marcus
>
>
> -- "There are 10 types of people in the world; those who understand binary
> and those who don't."
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>



-- 
\Steve