Correct me if I have this wrong, but my understanding of the situation is this:
Many of the major banks made risky loans to people or organisations who couldn’t necessarily pay them back.
Enough of these people/organizations defaulted which left the banks with a gaping hole in their accounts.
The government stepped in and loaned the banks a bunch of money (scientific term) so they could carry on trading.
So, clearly the most profitable business model is to do whatever you want but be important enough to the economy that the government can’t afford to let you go bankrupt.
In the meantime who will bail out the government if the banks can’t repay?
This is my current iPhone wallpaper. Just thought you might be interested!
Today I’ve been working from home as MrsG-T is away at a conference. As part of my Fatherly duties I had to collect MicroG-T from nursery and walk home with him.
As we walked he was singing away, making people smile and generally cheering up the day. If this has worked, you can listen to 30 seconds of him singing…
Sunset by Laura Amy
Do I get the prize for the slowest New Year greeting of 2009? And yes, I know the picture is of a sunset, rather than a sunrise. Let’s just ignore that, and pretend that it’s the sun going down on the old year…
Apologies! I’ve been rather distracted by a couple of things going on besides the normal GT ‘lifestyle’.
Micro-blogging in the form of Twitter.com has dramatically changed my daily life. I’ve ‘met’ a bunch of incredible people from (mainly) the US, UK and Germany who have become friends. I’ve learned new things, been inspired to concentrate on a couple of things that I’d let lapse, and been supported (and supported others) in prayer.
The concept of ‘Twurch’ has been raised and is being developed, not least by my friend Derek, who is currently hard at work on a website explaining things. This will be found at here and here. Essentially this is TWitter chURCH – a group of committed Christians who are supporting each other via Twitter.
Thomas has created an incredible blog which I’ve been privileged to become a part of. It’s a daily photoblog where each author submits one photograph each day showing something that has caught their eye or illustrates something from their life/work/day. It’s a little hard to explain, so get over there and see for yourself the amazing quality of the pictures. Many of these have been taken on relatively pathetic cameras (like the allegedly rubbish one on the iPhone), but the amazing talent of some of the photographers belies the equipment used. The one at the top of this entry is by my friend Laura. Isn’t it awesome?
MiniG-T and MicroG-T received Mario & Sonic at the Olympics on Wii for Christmas, and that has occupied a considerable amount of my (errr…. their) time too.
And finally, I’m one of a team proof-reading a novel by another friend which is good fun. More details when it’s less confidential!
So, apologies for the tardiness in posting here. I can only mention that I’ve been a bit busy…