I read this review about reviewers


https://www.13thnote.net/2020/07/25/the-fckd-up-nature-of-the-audiophile-audio-industry/

An interesting take on what's happening in the industry today.
It was Simon Price's personal experience, but I wonder if it's happening more often than not?


rixthetrick
Don’t know. Probably not enough. The apparently unregulated mortgage industry during teh Bush years specifically were the culprits. But it resulted in a lot of additional regulations being put in place to at least help that are still somewhat there TTBOMK but I read Trump administration had rolled them back somewhat again early on. The company I work is primarily investment services.....does not deal with mortgages. But the resulting stock market crash had a big effect for all.



Not being political here, but the issue in 2008 started in 1977 when HUD changed banks measuring stick in loans to under served areas. Both parties acted like drunken sailors enjoying the short term spoils, but the Clinton prosperity years were driven by rampant home buying/building due to that original change and a move to 50% from 30% of loans being in those areas. Investors could buy low income housing tax credits and many did. Buy is an interesting word as the potential for loss was minimal to none.
Deregulation laws for bankers were implementation of an Omen that we will live through now....

What is important to understand about the modern concept of money was already there almost 2 centuries ago in the second part of his " Faust" by Goethe....

But who read Goethe? Who understand him anyway?

The only man that rival Newton and Darwin on their own turf with success till this day was Goethe.... Think about what this teaches us about the stature of this man ....My conclusion after study is that Goethe is a bit more too clever for us all now....

Who understand Goethe ?
Not the bankers for sure or the Wall Street tech.....It will be like asking beastly rapist to understand love and sexology....

:)