Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading. Currently can only be used by a single user (myself), but I plan to extend it to support multiple users eventually.

Source code on GitHub (MIT license).

Activity

You added a vocabulary term
2 days, 15 hours ago

internecine

the internecine and corrupt entanglements of major investment banks, hedge funds and shadowy para-financial firms,

—p.2 Introduction: Cultures of Financialization (1) by Max Haiven
notable
You added an author
2 days, 15 hours ago
You added a note
4 days, 14 hours ago

he’s learned a very expensive lesson

[...] You see people who’ve blown up in spectacular fashion go on to get another high-profile job. And the things you hear are, “I want to hire him; he’s learned a very expensive lesson.” Or “He’s proved he’s a risk-taker.” I can’t tell you how many times I’ve heard that! Yeah, he’s proved he’s a...

—p.195 Vacation Plans (181) by Keith Gessen
You added a note
4 days, 14 hours ago

a lot of that GDP is an illusion

That the level of profits for the financial sector was too high. If you look sectorially, the financial sector was generating an unusually large share of corporate profits and of GDP. And a lot of that was not sustainable. It was a frenzy of trading that didn’t lead to an ultimately productive re...

—p.184 Vacation Plans (181) by Keith Gessen
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4 days, 14 hours ago

less attractive to be headquartered in the U.S.

[...] to deal with the fact that we have an eccentric corporate taxation system, we’ve allowed these loopholes to be created so that U.S. companies are not uncompetitive relative to companies from other countries. So he wants to get rid of these loopholes—that’s fine if we’re also going to redo t...

—p.175 Life After the Crisis (155) by Keith Gessen
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4 days, 14 hours ago

disincentivize investment in human capital

The mortgage brokers probably spent all of their money. The mortgage-backed securities structurers maybe didn’t spend all of their money. But when you have an economy where contracts can be rewritten and you can go back and try to claw back money from people years after the fact, that’s going to ...

—p.146 Populist Rage (125) missing author
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4 days, 14 hours ago

things that turned out not to be productive

[...] Anybody who worked in sectors where there was a tremendous amount of activity where there shouldn’t have been. So we’re talking about housing. It means the Mexican guy who hammered together the house. It means the logger who cut down the wood that was used in the structural lumber. The guy ...

—p.144 Populist Rage (125) missing author
You added a note
4 days, 14 hours ago

your lack of imagination

[...] the way they think doesn’t admit of a world where Citibank gets nationalized. It’s just so inconceivable to them that they say, “You just can’t do that! It’ll cause all of these horrible problems.” Well, that was true when the economy was in an extremely unstable state and risk aversion was...

—p.142 Populist Rage (125) by Keith Gessen
You added a vocabulary term
4 days, 15 hours ago

wonted

preferring to restrict itself to a more wonted regulatory role

—p.140 Populist Rage (125) by Keith Gessen
strange
You added a note
4 days, 15 hours ago

you can show whatever profit you want

[...] some of the banks have come out and said that their business in January and February and March was profitable—Citi was the first to do it, Bank of America said so, Goldman actually reported this week. Personally, I think it’s a load of bollocks. I mean, as a bank, you have a lot of freedom ...

—p.134 Populist Rage (125) by Keith Gessen
You added a note
4 days, 15 hours ago

nobody at the end of the chain

I was in China, mostly Beijing, a couple of weeks ago, checking on a property investment. The property sector is important: A lot of the pressure on raw materials prices supposedly coming out of China was related to the property sector, to construction. The amount of building that had been going ...

—p.125 Populist Rage (125) by Keith Gessen
You edited a note
4 days, 15 hours ago

buying credit protection on the U.S.

Meanwhile, the U.S. government has extended so much aid to various other sectors of the economy, and it’s expected to have to do more, that now people are worried about U.S. credit. To buy credit protection on U.S. government debt now costs you more than to buy credit protection on Campbell’s sou...

—p.88 How Bad Is it? (67) missing author
You edited a note
4 days, 15 hours ago

popular hedge fund trades

[...] This was a year where any trade you had on that other hedge funds had on, that was a popular hedge fund trade, performed poorly because there were other hedge funds that were forced to unwind that trade. [...]

—p.93 Year-End Closing (91) missing author
You edited a note
4 days, 15 hours ago

bubbles create other bubbles

[...] bubbles create other bubbles, they’re like derivative bubbles, so to the extent that there was a bubble in credit or a bubble in the mortgage market, that created a bubble for people who could trade those products. There was just a misallocation of resources not only into mortgages, let’s s...

—p.97 Year-End Closing (91) missing author
You edited a note
4 days, 15 hours ago

meanwhile the guy’s dying of a heart attack

[...] In October, it was like a patient having a heart attack: the short-term credit market ceased to function. That’s the heart of our economic system; it ceased to function. The government was like the doctor. The government runs into the heart attack patient’s house, steps over the heart attac...

—p.103 Year-End Closing (91) missing author