All posts by Jack

Where will you go today

I just heard about ‘Shopping Walls‘. Basically, if you see something you want to buy, you take a smartphone picture of the code box next to a picture of item and you will be automatically routed to a web site where you can quickly seal the deal and get the item mailed to your home.

Now if I was of a nefarious bent of mind I would cover the little code box with a code box of my own and direct this person, who is about to  disseminate credit card/account information and who expects to provide this information, to a dummy website of my own design that will collect the sensitive information. I might even relay the information through to the store so that the buyer does not notice that anything untoward may have happened.

(I don’t have a smart phone so I have no idea what they are doing.)

 

Phone Number

Just missed it

UP: Steam.

Elaine was wondering about the puff of steam she saw receding towards Colorado Springs and the bunch of anoraks that were hanging out at our RR crossing as she returned from the store.

I will try to get by the rail yard tomorrow and see the engine up close.

 

 

 

Cheaters ever Prosper

OWS’s Beef: Wall Street Isn’t Winning It’s Cheating | Matt Taibbi | Rolling Stone.

Matt Taibbi has an excellent rant on a big why behind Wall Street.

…we hate the rich? Come on. Success is the national religion, and almost everyone is a believer. Americans love winners.  But that’s just the problem. These guys on Wall Street are not winning – they’re cheating. And as much as we love the self-made success story, we hate the cheater that much more.

We cheer for people who hit their own home runs in this country– not shortcut-chasing juicers like Bonds and McGwire, Blankfein and Dimon.

 

If

If you have an underwater mortgage, say $120,000 mortgage on a house that is assessed at $80,000, and you are making the mortgage payments on schedule, and you ask the bank to refinance to a lower rate and the bank can’t do that because you are asking to finance a loan that is greater than the collateral, does this make sense? You’re still willing to make the payments on the $120,000 amount but you would like to pay at today’s interest rates.

Why can’t the bank work with you on this? The fiscally responsible action is for you to walk away from the loan, leaving the house and the debt in the bank’s hands. This is what all those Wall Street entrepreneurs would do. Of course it isn’t the ethical thing to do, but what do ethics have to do with fiscal responsibility?