ruds
Joined 16 years ago
Joined 16 years ago
> The play was to scrape the web for old goo.gl links that went to expired domains, register the domain, and then you have a goo.gl URL that you can send wherever you want, indefinitely.
The losses that the banks would actually realize are that the cost of deposits have gone up: People want a higher interest rate on their deposits. If they don't get that rate, people pull their deposits, and banks aren't allowed to hold their safe loans to maturity because they need cash now.
Historically, rising rates have been good for banks because deposits are sticky and the banks can raise their customers' interest rates more slowly than they raise the rates on the loans they make. It seems that customers are more fickle now, and many banks weren't prepared for that.
Before the purchase, I had some pile of assets worth $A. After the purchase, I still have some pile of assets worth $A. The purchase balances.
You can absolutely assign a value to that stream. That's how you arrived at the purchase price in the first place! But that income hasn't been realized yet and it's not written in stone. The income could be higher or lower depending on what happens in the future.
From wikipedia:
> Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality, the right to private property, and equality before the law.[1][2] Liberals espouse various and sometimes conflicting views depending on their understanding of these principles but generally support private property, market economies, individual rights (including civil rights and human rights), liberal democracy, secularism, rule of law, economic and political freedom, freedom of speech, freedom of the press, freedom of assembly, and freedom of religion.[3] Liberalism is frequently cited as the dominant ideology of modern history