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Sep 26, 2008, 09:28AM

The Economy Explained (to Hipsters)

The hilarious upstart site Stuff Hipsters Don't Like has a new post on the economy, as told via the traditional nuclear hipster family. Based in Williamsburg (where else?), the blog, run by one Lola Wakefield, is a good dose of knowing-yet-unironic (I think) skewering of all things hispter. Forest, you may have found at least a few hours of diversion, and Bragg, well, you might appreciate this take on the whole kerfluffle.

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Stuff Hipsters Don’t Like ©2008

"In order to help hipsters understand what is going on with major Wall Street financial institutions and the American economy, I have devised a simple analogy to outline the situation in terms hipsters can understand.

Let us pretend that the major players involved in the crisis are the members of the traditional hipster family, in which we have:

— Daddy Warbucks, the successful businessman with several overseas bank accounts (the American Government)
— The two beloved children, we’ll call them Fannie and Freddy (The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation)
— The second wife (the American economy)
— The coke-head hipster stepchild (recipients of the $70 billion bailout plan)
— The hipster’s drug dealer (foreign investors)"

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