EppsNet Archive: Greed

The Five Hundred Gold Pieces

One of Junaid’s followers came to him with a purse containing five hundred gold pieces. “Have you any more money than this?” asked the Sufi. “Yes, I have.” “Do you desire more?” “Yes, I do.” “Then you must keep it, for you are more in need than I; for I have nothing and desire nothing. You have a great deal and still want more.” Read more →

More People I’m Sick Unto Death Of

Acquisitive yuppies who, instead of holding their infant, wear the child in a harness on their chest, thus keeping their hands free for grabbing more stuff . . . Read more →

I’m Pretty Sure Those Are Nouns

This is a real Bernie Sanders tweet, not a parody, although it has since been deleted . . . Read more →

The Big Short

What is amazing is not just that people are greedy and prone to engage in ethically questionable activities; the big lesson is how people can reach unimaginable positions of power and essentially be (a) incompetent, and (b) not willing to do even the most mundane and trivial parts of their job. — Jeffrey Pfeffer, reviewing The Big Short: Inside the Doomsday Machine, by Michael Lewis (quoted on WSJ.com) Read more →

Thomas Jefferson on the Financial Meltdown

ALBANY, N.Y. (AP) — If anyone could emerge from the AIG bonus debacle looking good, it could be New York Attorney General Andrew Cuomo. — “NY’s Cuomo wins praise for pursuing AIG on bailout” Cuomo. KWOH-moh. Italian, I suppose. I have no personal animosity toward Mr. Cuomo, but despite his favorable write-ups in the press, he is certainly no hero in these matters. Americans have short memories. Even members of the press — or “the media,” as you now call them — who should provide context and perspective, have short memories. Set the Wayback Machine to 1995. Bill Clinton is president and Henry Cisneros, the Housing and Urban Development (HUD) secretary, institutes a requirement that 42 percent of the mortgages financed by government-sponsored entities (GSEs) Fannie Mae and Freddie Mac serve low- and moderate-income families. Things only got worse under Cisneros’ successor, Andrew Cuomo: Cuomo raised that number to 50… Read more →