Whatever you thought you knew about the 2008 bank bailout is wrong…

…because the reality is over 10 times worse than what was made public at the time. In fact a total of $7.7 trillion in loan guarantees and lending limits were issued by the Fed, which makes TARP seem like a trifle in comparison.

The Great DVD Swindle?

With two competing rather-similar-but-incompatible standards both coming from industry heavyweights it’s easy to think that the high-definition DVD industry is being set up to fail no matter which camp wins. And now film director Michael Bay is squarely alleging that HD-DVD is actually somewhat of a scam orchestrated by Microsoft to ensure the failure of both high definition DVD formats and eventually ensure success for its own upcoming downloadable solutions. Hmm… Sony vs. Microsoft… there’s really no one to root FOR here.