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How This Financial Mess Got Started

October 1, 2008 by Steve - Seton Hall  
Filed under Daily

At COED we’re not only about boobs and beer - we also like to educate. Sometimes…

By now you’ve all heard about the financial crisis gripping America Earth, but most of us aren’t high finance majors - so you might be in the dark about what is going on and how it started. This is highly important information people - time to get in the know!

My buddy who works at Merrill Lynch (and magically somehow still has a job) sent me this irreverent yet tactful power point that breaks down the situation for people that aren’t at the Wharton School of Business.

He says, “Its perfect. It is THE dummies guide to how it all went down. Its stick figures being a little bit sarcastic but for the most part dead on to the whole mess. Id really suggest you take a look at it ASAP.”

For your own good, click to see how the financial disaster got started

Who has it Worse: US Investment Banker or Somali Pirate?

September 30, 2008 by COED Staff  
Filed under Daily, News-ish

In this, our global economy, everything is a matter of perspective.

At this moment, there are two distinct groups of people looking at each other wonder how the F*%K they got themselves into this situation, and moreover - how are they going to get out. Their situations are grave, and the future of their lives and livelihoods hang in the balance.

As if fate had deemed it necessary to pull these polar opposites together, the world now finds US Investment Bankers and Somali Pirates in the same “boat” - so to speak.

Read more

Alumni Report: Why the FISA Amendment Blows!

February 13, 2008 by Rob - UPENN  
Filed under Daily, News-ish

fisaCutting right to it, our privacy is the issue…or rather, it was the issue.

The Senate voted 69-29-2 to let the Telecom companies off the hook for their role in revealing private consumer information to the intelligence community (Hillary pussed out and didn’t vote). Everyone knew at the time that this went against the Constitution, but there was an unwritten agreement that there would never be prosecution. To make sure of that, a FISA amendment was passed.

FISA stands for the Foreign Intelligence Surveillance Act, but here is the bitch - it doesn’t make provisions for wide-scale domestic surveillance. This was the act that was used to get wire-tapping authority, even though it had no domestic precedent. It was like declaring war against another country because of something you heard on the street in the US…ok…bad example. Read more