||[Oct. 3rd, 2008|04:33 pm]
By all accounts, we really should have died
Things I don't understand:
-How a mortgage is different from a loan
-What Fannie Mae and Freddie Mac are
-How the whole stock market can fall at once ... I mean, I understand how individual stocks fall, but how many individual stocks have to fall for it to be a crisis for the whole market? I mean, how are these things calculated?
-Actually, I don't really understand how individual stocks fall.
-Okay, so when stocks fall, it's because bad things are going on for the company and people aren't willing to pay as much for its stocks, right? So isn't that just a sign of other bad things? But the stock market falling, in and of itself, does that have consequences? Or does it just demonstrate that things are going wrong elsewhere?
-Why Fannie Mae and Freddie Mac have such silly names
-What banks do
-What the economy actually is
And it's not that I haven't tried to figure these things out, it's just that people try to explain them to me and I JUST DON'T GET IT.
In other news, the VP debate hurt me to the core of my being.
EWWW. NO. Stop winking at me. Stop using the word "maverick". And for Christ's sake, if you're going to turn the conversation to your energy policy every time you don't understand what's going on, at least SAY SOMETHING SUBSTANTIAL ABOUT IT. GOD.