The Modern Art of Sub-Prime Debt

Tuesday, November 20, 2007 | 04:30 PM



Via Peattie and Taylor

Tuesday, November 20, 2007 | 04:30 PM | Permalink | Comments (5) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Have you seen the crap modern art that is all over the Philadelphia Federal Reserve ? One item in particular is a bunch of metal hanging from the ceiling. One Fed official told me that's the largest mobile and it only cost ZZZ,ZZZ and it only cost another ZZ,zzz to hang it and another ZZZ,ZZZ to reinforce the ceiling to be able to support it.

Is it ugly, hell ya. But it's your seigniorage at work.


Posted by: Michael Donnelly | Nov 20, 2007 5:10:10 PM

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