I don't think even the social market economists of post WWII Europe (Ludwig Ehrhardt, et. al.) would even approve of what Paulson is doing.
nojo
· 1 year ago
Krugman:
And if the government is going to provide capital to financial firms, it should get what people who provide capital are entitled to — a share in ownership, so that all the gains if the rescue plan works don’t go to the people who made the mess in the first place.
That’s what happened in the savings and loan crisis: the feds took over ownership of the bad banks, not just their bad assets. It’s also what happened with Fannie and Freddie. (And by the way, that rescue has done what it was supposed to. Mortgage interest rates have come down sharply since the federal takeover.)
Makes sense to a financial illiterate like me. If the we provide the capital, we should act like capitalists.
It's part of the story. To dodge taxes, a lot of c-level executives get insurance policies that vest them into an annuity or other more liquid asset over set years. A lot of them get annual bonuses that dwarf the revenues of sizable companies. Some of the percs virtually eliminate their need to spend any of their own money on living expenses.
All of these assholes knew what was up from the get go and likely configured their compensation packages to assure minimal actual damage in the case of failure or forced buy-out. Anyone within shouting distance of the mortgage industry knew all of the assets it produced since around 1996 and which the Wall Street houses were bundling was all skunked paper, either in underwriting quality directly or by inflation of the market due to non-existing underwriting quality.
They should have everything taken away - including their arms. Then they should be set in front of a non-stop stream of porn for the rest of their lives.
Cynica
· 1 year ago
@manchu: is that only the value of their stock in the failed co they were CEO of? Otherwise, a couple have fallen down to the neighborhood of my retirement account, poor babies.
ManchuCandidate
· 1 year ago
From what I could find, it was the value of their stock holdings in the companies they work/worked for.
Yes, poor babies indeed. All that greed for a handful of ashes (in many cases.)
A coworker of mine once said that going from 1.2 B to 60M is still rich. True, but the way I look at it is that they were living like Billionaires and the transition from Billionaires to Millionaires with corresponding loss of influence is a bigger psychological shock because they fell much further than any of us ever will.
One lesson I learned? Dick Cheney has a good investment adviser. It was an excerpt from his report in Dec 2006 that sealed the deal for me about the subprime now Credit Bomb.
prommy
· 1 year ago
Its clear the american public has become completely numb from the 7-year cavalcade of disaster and corruption. Things which would have been the death of any presidency now happen routinely, daily, you can't keep track. Russia resurgent and rattling sabers. The deficit is insane, inflation and unemployment are at levels not seen since Carter, hidden only by the thin veil of corruptly jiggered and false numbers being reported, Gasoline is over $4 a gallon, that alone should have been the death of W, the markets are imploding, real estate values are plunging, our biggest financial institutions fail at the rate of several a week, we are still involved in a fraudulent illegal war, the federal government is spying on everyone and torturing and murdering people and even with that, after 7 years, they can't get the guy responsible for 9-11. The president is a retard, the VP shoots lawyers in the face while drunk, tells senators to fuck off, and still receives cash payments from a no-bid multi-billion dollar corrupt and incompetent government contractor. We had an AG who was the most blatantly stupid, lying, corrupt asshole ever to walk the earth, two of our cities have now been destroyed by hurricanes with a response so incompetent as to boggle the mind, our airlines are all bankrupt and flying now requires a cavity search and x-raying to examine your privates, bridges fall into rivers, our food supply is no longer safe, its illegal for meat packers to even test for mad cow, lest they find it, every other republican is a bathroom goblin or a pedophile, the republicans are running a crazed alzheimer-afflicted serial-lair for president and a born-again, rapture-ready lightweight corrupt city councilwoman for veep, noone is going to be able to afford to heat their house this winter, dogs and cats sleeping together, oceans overflowing their beds, everything, everything, absolutely everything has turned to shit, and noone cares anymore.
Bush has inured america to disaster. People care more about Britney Spears crotch shots and Paris Hilton's festering vapidity.
And it will get worse. There will be a terrorist attack soon, and the amazing thing is, the pigfucking, dancing with the stars watching mouth-breathing public will take that epic fail as reason to vote republican so Rudy the lisping transvestite can be made AG and Bernard Kerik made a supreme court justice and we can attack Iran and start a generations long middle east war that will reduce us to the level of Albania.
Its that bad, a new great depression, our complete economic slavery to the nations that own the debt Bush created, unwinnable wars, the whole four horsemen set is coming, GE foods, crops failing, famine, disease, war, what not here already or looming?
Ark., it need not be a boat, as RML points out, a self-sufficient, remote, commune, we got to get out of this place, the people here are bad crazy.
rptrcub
· 1 year ago
@Prommy: I am beginning to wonder: since we're already heading for Great Depression II, should we might as well pull a Paul Volcker and jack up interest rates to nip inflation in the bud and clean out the detrius from this economic mess? Suffering would increase, but we're in hell anyway. Just an idea.
Original Andrew
· 1 year ago
@ promnight,
Hey let's try to stay positive here. It could be The Greatest Depression!
Original Andrew
· 1 year ago
@ Promnight,
Sometimes it’s easy to forget that 51% of Americans are getting exactly the insane, openly corrupt, destructive government that they deserve. It’s all gone very Shock Doctrine. Sucks for the rest of us, but there it is.
Strangely, I’m most reminded of a classic Simpsons ep in which there’s an outbreak of the flu and Dr. Hibbert tells a furious mob “there’s no cure for the flu--anything that I give you would be a placebo.” To which of course Lenny then screams “hey where can we get these placebos?!” And the crowd goes mad and starts a riot.
redmanlaw
· 1 year ago
Between looking at the Shock Doctrine website as well as a discussion on rural home defense*, it's been a depressing night on the web. At least Brett "The World Revolves Around Me" Farve and the Jets got beat by Sandy Eggo.
The database cancer has spread to the posting mechanism — nobody's been able to get fresh meat in the system since Marcel, and even he can't edit a typo. So, let's all hide from the storm in the NojoDome:
This is my "archive blog", where I've been stashing all my stuff. Morning Sedition will appear there on schedule, and The Usual Gang of Idiots are welcome to send fresh missives and photos to nojo@cp. Bear in mind I usually don't wake up until after noon Eastern, but I'll keep spinning the hits as they arrive.
Oh, and the Comment System You Love to Hate is running there, so y'all should feel right at home...
prommy
· 1 year ago
Rptrcb, I am one with Galbraith in the belief that Inflation is the Freind of the Working Class, as long as its across the board inflation, wages and prices. Inflation monetizes debt, if you are earning a wheelbarrelful of dollars next week because of hyperinflation, the good thing is you can take a couple hundred thousand of them, the price of a dozen eggs, and pay off your mortgage. If you are a netr debtor, inflation devalues your debt, lets you buy assets with the pre-inflation dollars, and pay off the debt with worthless post-inflation dollars. On the other hand, if you are a trustafarian, inflation quickly makes your trust fund look silly. If you are the one holding the notes (I'm looking at you, China) you get screwed because you get paid back with a wheelbarrow full of worthless currency. I think a good bout of across-the board inflation, wages and prices, would be grand, it would devalue the government debt, it would devalue consumer debt, it would reduce income inequality by also devaluing the assets of people who live off investments, but I don't see it being allowed to happen, for precisely all those reasons.
rptrcub
· 1 year ago
@prommy: Inflation would also devalue my savings, which I'm attempting to build in case of a rainy day -- punishing those who are trying to do the right thing. Of course, I'm in the minority.
Original Andrew
· 1 year ago
There are several competing theories regarding the causes of the first Great Depression. One is that an asset bubble followed by a restriction in the money supply and tight credit caused the crash and the resulting financial chaos. This is the view held by Greenspan, Bernanke, etc. The answer for them is more credit and liquidity, and we’re gonna find out soon if they were right.
Another theory—considered total heresy by the likes of Greenspan and Bernanke—is that wealth became far to concentrated among too few people. In other words, you can’t have an economy based on consumer spending if consumers don’t have enough income to buy goods and services. It should come as no surprise that we now have the greatest income inequality since 1928.
The current plan will be the mother of all jackpots for the rich, but will do next to nothing to help most Americans faced with declining wages and spiraling prices. But of course we're not even in a recession yet, according to the official numbers.
Original Andrew
· 1 year ago
Haw haw, perhaps you've all seen this elsewhere (making the rounds in e-mail-world) and it's awesome:
Dear American:
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you. I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.
Yours Faithfully Minister of Treasury Paulson
SignalToNoise
· 1 year ago
@Original Andrew
It would be funnier if it weren't so goddamn true.
I would think a COS with teh gay would only deserve a Roy Cohn award if they drafted the defense of marriage act, and lobbied their boss to sponsor it. Or the exemption for the Boy Scouts from Title 7. Something like that.
Just being COS for a republican, or a conservative, gets you bupkus. EVERYONE is gay on congressional staffs, even the occasional straight people. You don't even get an award for being a gay COS for a knuckle-dragging Texan republican, because it just doesn't matter, every COS has teh gay.
Karl Rove is really the only person I would nominate for the Cohn award.
@RML: Rachel has a picture of a unicorn on her wall at her office? Mmmhmmm. I swear she's my long-lost lesbian twin sister.
redmanlaw
· 1 year ago
@ lefty - I got my late father in law's NRA "I'm a bitter gun owner and I vote" sticker in the mail . It now says "I'm a liberal gun owner and I vote" next to my Obama sticker on the truck. The other side of the rear bumper says "I fish and I vote".
FlyingFuckingChainSaw
· 1 year ago
Unless someone can hold up a bastard or grungy sheets, the Talibunny can play this to her advantage. "Who among us lives in the perfect, and untested marriage? Can you come and give me counsel so that I may never know discontent in my marriage again? Yes, mine was tested and with the power of our Lord Jesus Christ I defied sin and preserved a sacrament that has been criminally trivialized by this nation, to the detriment of children and society, blah, blah, blah. " She can come out of this looking like a hero unless the Enquirer can prove a long time affair of wanton, bone-crushing pestorking.
RomeGirl
· 1 year ago
UM THE ECONOMY HAS FALLEN APART AND MCCAIN JUST MADE SOME KIND OF MAVERICK (TM) MOVE, YOU GUYS NEED TO TO FIX YOUR SERVER STAT BECAUSE I'VE FOUND I CAN'T FORM AN OPINION WITHOUT YOU.
Tommmcatt_Interrupted
· 1 year ago
@Romegirl
I agree. TELL ME WHAT TO THINK, DAMMIT!
Jamie Sommers
· 1 year ago
Saints be praised. It looks like McCains latest dick move has backfired on him. Even the 'wingers who dominate the comments over at my local paper's website are hiding their shame.
Perhaps this isn't all that big a surprise, since Arizonans' pleas for PG to do his job have fallen on deaf ears for years now. Two days before a debate, though, and he's suddenly interested in his day job.
Tommmcatt_Interrupted
· 1 year ago
@ FCS
I dunno. That kind of christofacist grandstanding plays well with the 25%, but I think the rest of the country is wising up. To whit-
Maybe McCain is really excited about Project Runway tonight too! On the edge of his seat to figure out whether it will be Kenley or Suede to bite the bullet tonight.
SanFranLefty
· 1 year ago
Love the Unicorn's comment that a president should be able to walk and chew gum, given the current POTUS can't even chew gum without supervision.
@HF: I so hope it's both Kenley AND Suede that go auf.
homofascist
· 1 year ago
At least our current president is able to eat pretzels and watch teevee at the same...oh wait, nevermind.
Jamie Sommers
· 1 year ago
Once upon a time, I would have said Suede but now I've come to the conclusion that I can live another week with the fauxhawked idiot but Veronica must be banned from my sight ASAP.
necronomiclown
· 1 year ago
Obama: "A president should be able to handle two things at once"
SanFranLefty
· 1 year ago
Best part of the NYT article on PsychoGeezer's crazy announcement: "Mr. McCain made the call after spending more than an hour preparing for Friday’s debate at the Morgan Library and Museum — which, by coincidence, is where J. Pierpont Morgan bailed the country out of the great financial panic of 1907 by locking the leading bankers of the day in his library and forcing them to come up with a rescue plan."
hunterw
· 1 year ago
@RomeGirl- Kaila tried to post on the debate nonsene, but we are still locked out. I also have something waiting to go up about convention happenings.
Clodagh Rodgers
· 1 year ago
After preparing for the debate for an hour or so his handlers told him to just forget it, no amount of practice will save his ass. That's why he wants to "suspend" his campaigning. He even blew off a scheduled meeting with the PM of India! If he's stopping in order to go to Washington and "work to find a solution" to the economic meltdown he helped create, what the hell is Caribou Barbie's excuse for suspending her schedule? Is she flying back to Alaska to grab her shotgun and mobilize the Natl Guard to protect the pipeline? Or is it that the handlers know she couldn't find her own ass with both her hands unless Granpa McCain was staring at it?
SanFranLefty
· 1 year ago
@Jamie: Kenley should have been auf'ed three weeks ago. Girlfriend needs to go. @EwaldaTrotsky: Yep, I'm sure they did a mock run-through (who, pray tell, did the GOP get to play the Unicorn in mock debates) and decided to create a panic.
Mr. Reg Pither
· 1 year ago
@SFL: The weird thing is, this whole ploy might work for the Geez. I'm sorry, but more and more I'm convinced that there are alot of very stupid people, and they vote.
Jamie Sommers
· 1 year ago
@Reg: I dunno. I was just chatting with my redneck mechanic and even he's dubious about this. He said he doesn't understand why McCain or Obama needs to be there since they'd probabaly just get in the way of hammering this thing out.
It gave me hope.
SanFranLefty
· 1 year ago
Should we put odds on McCain sending Talibunny down to Oxford to debate on Friday night?
SanFranLefty
· 1 year ago
@Jamie: Maybe I'm being Eeyore here, but I'm afraid this will be spun by the FauxNews and GOPers as Psychogeezer is "COUNTRY FIRST" and Unicorn is all about the campaigning. I'm cynical like the ever-changing Trotsky, there are a lot of stupid people.
Jamie Sommers
· 1 year ago
@SFL: I agree to a certain extent but then that puts the pressure on McCain big time to come up with a plan - nay, a BI-PARTISAN plan - to fix this mess or risk looking like a washout. He can't suspend his campaign and then come out of this with anything less than full leadership and ownership of whatever bill comes out of the Senate or Joint Committee. If he does, he gets questioned as to why he couldn't work with his own colleagues.
JNOV
· 1 year ago
So, is there going to be a gathering place until TCP is fixed, if it gets fixed? Kind of like where your class went during a fire drill. Is Stinque the place, or is nojorising the place? Where's the place? Let's break Nojo's new toy: http://www.stinque.com/
ADD: Stinque uses the old commenting system -- the @ is back!
nabisco
· 1 year ago
I'd like to think that is Geeze's latest hail mary before the FBI investigations turn up some skeletons in his closet that still have some meat on them.
In the meantime, I also like this. Me likely Campbell Brown very very much.
ManchuCandidate
· 1 year ago
Geezer's being mocked on the "serious" tubes while someone who has better temper control than I went to Redstate and noted that they are calling this brilliant.
Of course, they also thought that Bush was a "great" leader and that Alfredo Gonzales is a "wonderful" legal "mind."
In one swoop Psycho pissed on his "hero" (and family's) legacy and raised more questions about his age.
ManchuCandidate
· 1 year ago
My possibly-soon-to-be-former employer might be a victim of the credit bomb.
Been in a funk since the dipshits who pass for leadership announced that they're restructuring our company (to date this will be the 15th such event in the 8 years I've worked there.) My coworkers and I have bitched for the last two years about the CEO and am so pissed off that I'm pretty much on strike at this point. Our leadershit has been focused on buying companies rather than adjusting to the reality of the credit market. We would have been in worse position if we had bought a rival because we would have no money right now (brilliant, boss.) While most of my coworkers got shafted on pay raises (I didn't only because I'm at the low end of the pay scale) they gave themselves a 20% pay raise for their geniuz and now are telling us they didn't see this happening much like Palsy and Weekend at Bernies.
Part of me would like to do to my bosses like those Indians did to their CEO yesterday.
If you are wondering why I'm not looking for other work, well, I don't see any other companies in my field as any safer (plus I have 8 years invested in this company.)
Trotsky
· 1 year ago
@Manchu: Solidarity, bro. I'm feeling some special Schadenfreude today, because the imbecile who took over as CEO of my (now-former) company, after a true visionary who might have saved it was frozen out a few years ago, got the heave-ho from the board of directors. Hey, Joe McGrath! Fuck You, you dunderhead piece of shit! Welcome to unemployment, turd. At least I, unlike you, am not known universally by my peers as a total blockhead.
Ewalda
· 1 year ago
Disclaimer: All comments regarding my former employer and its soon-to-be-former CEO are the opinions of that deranged (and long-dead) trotsky fella. You know, that guy.
hunterw
· 1 year ago
SITE FIX UPDATE:
OK, I don't really have any actual news, but I talked to Greg and apparently things should be back to normal soon. This did not happen because of new comment improvements we made as I previously thought, changes were made because shit is a mess and were working on making the rest of the changes we need to get things on track.
hunterw
· 1 year ago
Some food for thought to entertain while the site is out of commission:
= reasons to be happy even in the face of this "long and painful recession"
SanFranLefty
· 1 year ago
@Hunter: Thanks for the update, chief.
@All: The beta improved CP site that Greg and Nojo are tinkering on is slick. Go check it out from JNOV's linky and give them feedback.
@Trotsky, Manchu: There's also going to be a trickledown to those of us who rely upon the largess of foundations, rich people who remember noblesse oblige, and cy pres awards to fund our endeavors on behalf of the poor.
kaila
· 1 year ago
Hurry, children, into the barn, now! The economy is falling!
hunterw
· 1 year ago
Another thing since we have 0 posting capabilities:
I like the bailout and I'll be online for the next few hours if anyone wants to discuss.
Full Disclosure: One of my parents does work on Wall Street and I spent 3 years in high school interning at an investment bank.
hunterw
· 1 year ago
@ Kaila- Put your post down here dammit!
hunterw
· 1 year ago
@SFL- I'd hesitate to call that an update since I'm such an idiot about the tech stuff, but you all now know as much as I do about when we'll be able to have posts again.
redmanlaw
· 1 year ago
Small game, bird and fish night here - more broiled trout from Sunday's outing, and grilled bacon wrapped dove breast and squirrel. Udon noodles with fresh veggies and a garlic and soy sauce on the side. Sounds odd, but it all worked out and looked pretty on the plate. The bird was a little on the dry side but the cousin of the hamster was great. (Gonzo food porn?)
Spent the better part of the lunch hour looking at a new little Taurus revolver in .357 mag. Filled out the paperwork for the "instant background check" that puts me on a week long wait to buy because my IRL name is similar to a lot of bad guys who are ineligible to score heat legally. I did get a new small electronic scale that will really speed up the reloading process, though. Also met Ms and Mr Hippie who are ranch managers out in the boonies. The were scoring a shit load of ammo for an M1 carbine and .45 that I believe Ms. Hippie inherited. (She was obv. running the show.) We talked for a while about being liberal/progressive gun owners. I might drop by their place when I'm out at the rancho this weekend.
SanFranLefty
· 1 year ago
@RML: I don't know if I enjoy your food porn or firearm porn more. And I say this as someone who grew up in Texas, and thus saw way too many guns gratuitously brandished by morans (not you, obviously) who didn't respect them or understand how to use them, and thus literally start trembling and shaking every time I see a gun or rifle because I have such bad traumatic memories. So for me to enjoy your firearm porn says something. Perhaps it says that I am now fearing that Mr. SFL and I are going to have to retreat to the hills above SF with our earthquake kit after the October surprise...and SFL will need to pick up some self-defense beyond her brain, mouth, fists, and feet.
Charleton Hestnerd
· 1 year ago
Hah! I went to look up Taurus revolvers, and what does my eye catch? The .17 revolvers.. I'm such a pansy.
redmanlaw
· 1 year ago
@ MosesNerd - the .17 is recent development that has become the premier varmit round, surpassing the .22 LR in performance. It does cost a bit more to shoot than a .22, however, and ammo could be a little hard to come by in a SHTF world whereas .22 LRs can be found almost anywhere (except for the shit ass Adelo's Town and Country Store in Pecos, NM last Sunday although a gas station up the road had 'em). My brother had a Ruger rifle in .17, but I believe he rebarreled it for .22 LR. I'm sticking with the .22, myself. Yosemite Sam should have traded the big bore six shooters for a .17.
fried
· 1 year ago
and a room service tray lefty......
i haven't had any trouble posting or reading comments, what's the prob? lurking a little, enjoying nojo's and jnov's new channel, too. still putting my life back together, in all ways. pieces don't fit yet.
is trotsky ewalda?
hunter, i have a dad on wall street too. could we ever talk. all this conversation is interesting, but *spoiler alert* the rich bad guys win.
fried
· 1 year ago
...and your channel too cubbie.
word press won't let me log into stinque, tried everything including abra cadabra. i guess next i bang the keys, say FUCK and kick it. so i'll say here, oh manchu, just let the catt see you naked once. he's obsessed. i am too catt, you told me mr. baked is a bum and liar with no honor. and your words stuck, but my mind changes daily from "fuck him" to "big deal". breaking up IS hard to do. be careful on your bike, did a hot asian guy distract you?
Tommmcatt_Interrupted
· 1 year ago
@Fried
Oddly enough, it was a gorgeous Asian woman that hit me. Go figure.
redmanlaw
· 1 year ago
@ fried - time for more Metallica - google up "Fade to Black", "Bleeding Me", and . . . if you can handle it, if you can really handle it - "The Unnamed Feeling". ("I want to hate it all away.")
The Wall Street wall was originally built to keep tha Indianz out, so I'm in cash. Heh.
hunterw
· 1 year ago
@fried- right now the comments are working, but we cant post
i dont think the family ties make me too biased. my mom's expertise is fixing disasters so shell survive this fine and ill still be a poor blogger either way
i just felt duty bound to point it out if im saying i like the bailout
it sounds so bad in principle when so many of us are having rough times to hand cash to wall street, but as much as i hate that we need to get the financial sector back on its feet in addition to worrying about new regulations and punishing the people who caused so much of this
im surprised more people dont get that collapse in some of these major institutions will affect them. i have some friends who went to wall street to protest last night and i was trying to talk it over with them and they didnt see the issue-- then again, a lot of my friends live in small apartments dont drive and get money from their parents so i dont think they necessarily grasp the issues around needing lenders or, like, a job
hunterw
· 1 year ago
@redman i think i shot a .12 rifle once. do they even make those?
dont worry ive also shot a .40 cal pistol and a shotgun and several other respectable pieces of weaponry
once i was in israel hiking with my cousin and we found a stinger missile type thing in his back yard cause the jewish town they lived in had once been in arab territory that got stolen in one of the wars so in their yard there was this abandoned arab village and apparently some leftover artillery. we were unbelievably dumb and about thirteen and we took a set of photos posing with the missile and played with it before taking it home to his mom who was surprisingly not at all worried about the whole
in retrospect, i realize im lucky to have left there with both my arms
redmanlaw
· 1 year ago
@ lawyers - Navajo case law research on an employment issue:
"Under Fundamental Law, the leaders do not ever lay down this trust and the laws because a leader is taught that they must find the solution, for it is always available. Naat'aanii inliigo ei t'aa nantl'a doo t'aa nahontl'ala, haala lahgoo t'aa nistl'a dahwiizt'i' akondi, Dine Bibeehaz'aanii doo hane' binahji' baantsahakeeso ei choo'iil doo hasih ntsahakeesigii beego ei t'aa bik'ee'aan hodeezt'i' doo ch'idahwiizt'i', doo inda bikaa haadahwiizt'i'. Diyin Dine'e Ts'aa' hadeiidiilaaigii ei t'aa akot'eigo yil hadadeiidiilaala; yah'ahoot'i', alheehonit'i' doo ch'eehonit'i', doo ei t'oo dadesstl'oo da. Binahji' ei t'aa hat'eigi shii hanahat'a' bee nistl'ajiyaago, hanahat'a' bee hazhdinoodzii' doo ajisiihgoda ei doo hanahat'a' doo habeehaz'aanii doo t'oo ni' nizhdooleelda, hatsodizin doo haane' ei bee bikaa' haazhdoodaal doo bee nistl'ahazt'i'ee bee hozhoogo bik'idiyaa nizhdooleel doo bi'aazh doo gaal. As explained above, and as demonstrated in the design of the sacred wedding basket, a leader through adherence to the laws, the analysis of the stories of the Dine journey, and a positive approach will find a solution (bi a'iidza) around, through, or over that which confronts the people."
Thinn v. Navajo Generating Station, Salt River Project, No. SC-CV-25-06 (Nav.S.Ct. 2007). Oh-kaaayyy . . . I really think they're trying to chase all but trad Navs out of the tribal court system there.
@hunter - I think maybe you shot a "Model 12" of some kind as there is no ".12 caliber", and you'd probably know what a 12 gauge shotgun was, but hey, check out the Hell Kitten AR-15:
@ hunter - Also found while deer hunting one day on the ranch, a tree bark fossil from the Pennsylvanian era (c. 330 million years ago, or 6,000 years ago in PalinWorld), as dated by the head of the NM Museum of Natural History upon examination of photos and review of area geology. The fossil predates the uplift of the Rocky Mountains, so it is literally older than the hills.
hunterw
· 1 year ago
@ rml- when i was in mesa verde like 17 yrs ago i got a fossilized deer print and a rock that had all kind of cool fossilized primordial ooze type creatures in it im a sucker for shark teeth though
also i have no idea about that .12 cal gun that was also in israel so a lot may have been lost in translation
nabisco
· 1 year ago
@hunter: when I was a kid we used to collect sharks teeth with my gramps down in Florida. Coolest things in the world (well, both the teeth and my gramps).
hunterw
· 1 year ago
@nabisco- i have a major geek freakout for sharks- spent two summers in marine bio summer camp as a wee one
it's my dream to go to seal island and see the whites jump, so far ive swam with sharks in hawaii and believe it or not in the living seas tank at epcot center
fixing the database is our number one priority and that should be done in the next 24 hours. we had planned on discussing and shaping the other changes more with the writers and with you guys before doing anything, but obviously we now have to move forward faster than expected
we'll have more on the details shortly, but for now, i will be watching this thread as well as the thread on stinque (though i cant currently comment there i expect nojo to hook me up shortly) so you guys can hit me with any questions, comments, or rotten fruit
i am also reachable via the tips email, my cynics email, or hunter dot walker at gmail
All Comments
And if the government is going to provide capital to financial firms, it should get what people who provide capital are entitled to — a share in ownership, so that all the gains if the rescue plan works don’t go to the people who made the mess in the first place.
That’s what happened in the savings and loan crisis: the feds took over ownership of the bad banks, not just their bad assets. It’s also what happened with Fannie and Freddie. (And by the way, that rescue has done what it was supposed to. Mortgage interest rates have come down sharply since the federal takeover.)
Makes sense to a financial illiterate like me. If the we provide the capital, we should act like capitalists.
http://www.nytimes.com/imagepages/2008/09/21/bu...
All of these assholes knew what was up from the get go and likely configured their compensation packages to assure minimal actual damage in the case of failure or forced buy-out. Anyone within shouting distance of the mortgage industry knew all of the assets it produced since around 1996 and which the Wall Street houses were bundling was all skunked paper, either in underwriting quality directly or by inflation of the market due to non-existing underwriting quality.
They should have everything taken away - including their arms. Then they should be set in front of a non-stop stream of porn for the rest of their lives.
Yes, poor babies indeed. All that greed for a handful of ashes (in many cases.)
A coworker of mine once said that going from 1.2 B to 60M is still rich. True, but the way I look at it is that they were living like Billionaires and the transition from Billionaires to Millionaires with corresponding loss of influence is a bigger psychological shock because they fell much further than any of us ever will.
One lesson I learned? Dick Cheney has a good investment adviser. It was an excerpt from his report in Dec 2006 that sealed the deal for me about the subprime now Credit Bomb.
Bush has inured america to disaster. People care more about Britney Spears crotch shots and Paris Hilton's festering vapidity.
And it will get worse. There will be a terrorist attack soon, and the amazing thing is, the pigfucking, dancing with the stars watching mouth-breathing public will take that epic fail as reason to vote republican so Rudy the lisping transvestite can be made AG and Bernard Kerik made a supreme court justice and we can attack Iran and start a generations long middle east war that will reduce us to the level of Albania.
Its that bad, a new great depression, our complete economic slavery to the nations that own the debt Bush created, unwinnable wars, the whole four horsemen set is coming, GE foods, crops failing, famine, disease, war, what not here already or looming?
Ark., it need not be a boat, as RML points out, a self-sufficient, remote, commune, we got to get out of this place, the people here are bad crazy.
Hey let's try to stay positive here. It could be The Greatest Depression!
Sometimes it’s easy to forget that 51% of Americans are getting exactly the insane, openly corrupt, destructive government that they deserve. It’s all gone very Shock Doctrine. Sucks for the rest of us, but there it is.
Strangely, I’m most reminded of a classic Simpsons ep in which there’s an outbreak of the flu and Dr. Hibbert tells a furious mob “there’s no cure for the flu--anything that I give you would be a placebo.” To which of course Lenny then screams “hey where can we get these placebos?!” And the crowd goes mad and starts a riot.
* http://www.gunandgame.com/forums/survival-discu...
The database cancer has spread to the posting mechanism — nobody's been able to get fresh meat in the system since Marcel, and even he can't edit a typo. So, let's all hide from the storm in the NojoDome:
http://nojorising.blogspot.com/
This is my "archive blog", where I've been stashing all my stuff. Morning Sedition will appear there on schedule, and The Usual Gang of Idiots are welcome to send fresh missives and photos to nojo@cp. Bear in mind I usually don't wake up until after noon Eastern, but I'll keep spinning the hits as they arrive.
Oh, and the Comment System You Love to Hate is running there, so y'all should feel right at home...
Another theory—considered total heresy by the likes of Greenspan and Bernanke—is that wealth became far to concentrated among too few people. In other words, you can’t have an economy based on consumer spending if consumers don’t have enough income to buy goods and services. It should come as no surprise that we now have the greatest income inequality since 1928.
The current plan will be the mother of all jackpots for the rich, but will do next to nothing to help most Americans faced with declining wages and spiraling prices. But of course we're not even in a recession yet, according to the official numbers.
Dear American:
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.
I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.
Yours Faithfully Minister of Treasury Paulson
It would be funnier if it weren't so goddamn true.
http://www.blogactive.com/2008/09/john-mccains-...
tip: stephanie miller show
Just being COS for a republican, or a conservative, gets you bupkus. EVERYONE is gay on congressional staffs, even the occasional straight people. You don't even get an award for being a gay COS for a knuckle-dragging Texan republican, because it just doesn't matter, every COS has teh gay.
Karl Rove is really the only person I would nominate for the Cohn award.
http://www.prospect.org/cs/articles?article=cha...
/exits the room, walking backwards and bowing
http://www.nationalenquirer.com/national_enquir...
I agree. TELL ME WHAT TO THINK, DAMMIT!
Perhaps this isn't all that big a surprise, since Arizonans' pleas for PG to do his job have fallen on deaf ears for years now. Two days before a debate, though, and he's suddenly interested in his day job.
I dunno. That kind of christofacist grandstanding plays well with the 25%, but I think the rest of the country is wising up. To whit-
http://blogs.wsj.com/washwire/2008/09/24/wsjnbc...
Wow, are we linky-linky today or what?
@HF: I so hope it's both Kenley AND Suede that go auf.
"Mr. McCain made the call after spending more than an hour preparing for Friday’s debate at the Morgan Library and Museum — which, by coincidence, is where J. Pierpont Morgan bailed the country out of the great financial panic of 1907 by locking the leading bankers of the day in his library and forcing them to come up with a rescue plan."
If he's stopping in order to go to Washington and "work to find a solution" to the economic meltdown he helped create, what the hell is Caribou Barbie's excuse for suspending her schedule? Is she flying back to Alaska to grab her shotgun and mobilize the Natl Guard to protect the pipeline? Or is it that the handlers know she couldn't find her own ass with both her hands unless Granpa McCain was staring at it?
@EwaldaTrotsky: Yep, I'm sure they did a mock run-through (who, pray tell, did the GOP get to play the Unicorn in mock debates) and decided to create a panic.
The weird thing is, this whole ploy might work for the Geez. I'm sorry, but more and more I'm convinced that there are alot of very stupid people, and they vote.
It gave me hope.
ADD: Stinque uses the old commenting system -- the @ is back!
In the meantime, I also like this. Me likely Campbell Brown very very much.
Of course, they also thought that Bush was a "great" leader and that Alfredo Gonzales is a "wonderful" legal "mind."
In one swoop Psycho pissed on his "hero" (and family's) legacy and raised more questions about his age.
Been in a funk since the dipshits who pass for leadership announced that they're restructuring our company (to date this will be the 15th such event in the 8 years I've worked there.) My coworkers and I have bitched for the last two years about the CEO and am so pissed off that I'm pretty much on strike at this point. Our leadershit has been focused on buying companies rather than adjusting to the reality of the credit market. We would have been in worse position if we had bought a rival because we would have no money right now (brilliant, boss.) While most of my coworkers got shafted on pay raises (I didn't only because I'm at the low end of the pay scale) they gave themselves a 20% pay raise for their geniuz and now are telling us they didn't see this happening much like Palsy and Weekend at Bernies.
Part of me would like to do to my bosses like those Indians did to their CEO yesterday.
If you are wondering why I'm not looking for other work, well, I don't see any other companies in my field as any safer (plus I have 8 years invested in this company.)
Solidarity, bro.
I'm feeling some special Schadenfreude today, because the imbecile who took over as CEO of my (now-former) company, after a true visionary who might have saved it was frozen out a few years ago, got the heave-ho from the board of directors. Hey, Joe McGrath! Fuck You, you dunderhead piece of shit!
Welcome to unemployment, turd. At least I, unlike you, am not known universally by my peers as a total blockhead.
OK, I don't really have any actual news, but I talked to Greg and apparently things should be back to normal soon. This did not happen because of new comment improvements we made as I previously thought, changes were made because shit is a mess and were working on making the rest of the changes we need to get things on track.
this: http://pewresearch.org/pubs/964/
+ this: http://afp.google.com/article/ALeqM5g_-xBvXxv8h...
= reasons to be happy even in the face of this "long and painful recession"
@All: The beta improved CP site that Greg and Nojo are tinkering on is slick. Go check it out from JNOV's linky and give them feedback.
@Trotsky, Manchu: There's also going to be a trickledown to those of us who rely upon the largess of foundations, rich people who remember noblesse oblige, and cy pres awards to fund our endeavors on behalf of the poor.
I like the bailout and I'll be online for the next few hours if anyone wants to discuss.
Full Disclosure: One of my parents does work on Wall Street and I spent 3 years in high school interning at an investment bank.
Spent the better part of the lunch hour looking at a new little Taurus revolver in .357 mag. Filled out the paperwork for the "instant background check" that puts me on a week long wait to buy because my IRL name is similar to a lot of bad guys who are ineligible to score heat legally. I did get a new small electronic scale that will really speed up the reloading process, though. Also met Ms and Mr Hippie who are ranch managers out in the boonies. The were scoring a shit load of ammo for an M1 carbine and .45 that I believe Ms. Hippie inherited. (She was obv. running the show.) We talked for a while about being liberal/progressive gun owners. I might drop by their place when I'm out at the rancho this weekend.
i haven't had any trouble posting or reading comments, what's the prob?
lurking a little, enjoying nojo's and jnov's new channel, too.
still putting my life back together, in all ways. pieces don't fit yet.
is trotsky ewalda?
hunter, i have a dad on wall street too. could we ever talk. all this conversation is interesting, but *spoiler alert* the rich bad guys win.
word press won't let me log into stinque, tried everything including abra cadabra. i guess next i bang the keys, say FUCK and kick it.
so i'll say here, oh manchu, just let the catt see you naked once. he's obsessed.
i am too catt, you told me mr. baked is a bum and liar with no honor. and your words stuck, but my mind changes daily from "fuck him" to "big deal".
breaking up IS hard to do.
be careful on your bike, did a hot asian guy distract you?
Oddly enough, it was a gorgeous Asian woman that hit me. Go figure.
The Wall Street wall was originally built to keep tha Indianz out, so I'm in cash. Heh.
i dont think the family ties make me too biased. my mom's expertise is fixing disasters so shell survive this fine and ill still be a poor blogger either way
i just felt duty bound to point it out if im saying i like the bailout
it sounds so bad in principle when so many of us are having rough times to hand cash to wall street, but as much as i hate that we need to get the financial sector back on its feet in addition to worrying about new regulations and punishing the people who caused so much of this
im surprised more people dont get that collapse in some of these major institutions will affect them. i have some friends who went to wall street to protest last night and i was trying to talk it over with them and they didnt see the issue-- then again, a lot of my friends live in small apartments dont drive and get money from their parents so i dont think they necessarily grasp the issues around needing lenders or, like, a job
dont worry ive also shot a .40 cal pistol and a shotgun and several other respectable pieces of weaponry
once i was in israel hiking with my cousin and we found a stinger missile type thing in his back yard cause the jewish town they lived in had once been in arab territory that got stolen in one of the wars so in their yard there was this abandoned arab village and apparently some leftover artillery. we were unbelievably dumb and about thirteen and we took a set of photos posing with the missile and played with it before taking it home to his mom who was surprisingly not at all worried about the whole
in retrospect, i realize im lucky to have left there with both my arms
"Under Fundamental Law, the leaders do not ever lay down this trust and the laws because a leader is taught that they must find the solution, for it is always available. Naat'aanii inliigo ei t'aa nantl'a doo t'aa nahontl'ala, haala lahgoo t'aa nistl'a dahwiizt'i' akondi, Dine Bibeehaz'aanii doo hane' binahji' baantsahakeeso ei choo'iil doo hasih ntsahakeesigii beego ei t'aa bik'ee'aan hodeezt'i' doo ch'idahwiizt'i', doo inda bikaa haadahwiizt'i'. Diyin Dine'e Ts'aa' hadeiidiilaaigii ei t'aa akot'eigo yil hadadeiidiilaala; yah'ahoot'i', alheehonit'i' doo ch'eehonit'i', doo ei t'oo dadesstl'oo da. Binahji' ei t'aa hat'eigi shii hanahat'a' bee nistl'ajiyaago, hanahat'a' bee hazhdinoodzii' doo ajisiihgoda ei doo hanahat'a' doo habeehaz'aanii doo t'oo ni' nizhdooleelda, hatsodizin doo haane' ei bee bikaa' haazhdoodaal doo bee nistl'ahazt'i'ee bee hozhoogo bik'idiyaa nizhdooleel doo bi'aazh doo gaal. As explained above, and as demonstrated in the design of the sacred wedding basket, a leader through adherence to the laws, the analysis of the stories of the Dine journey, and a positive approach will find a solution (bi a'iidza) around, through, or over that which confronts the people."
Thinn v. Navajo Generating Station, Salt River Project, No. SC-CV-25-06 (Nav.S.Ct. 2007). Oh-kaaayyy . . . I really think they're trying to chase all but trad Navs out of the tribal court system there.
@hunter - I think maybe you shot a "Model 12" of some kind as there is no ".12 caliber", and you'd probably know what a 12 gauge shotgun was, but hey, check out the Hell Kitten AR-15:
http://blog.riflegear.com/archive/2007/12/26/he...
also i have no idea about that .12 cal gun that was also in israel so a lot may have been lost in translation
it's my dream to go to seal island and see the whites jump, so far ive swam with sharks in hawaii and believe it or not in the living seas tank at epcot center
fixing the database is our number one priority and that should be done in the next 24 hours. we had planned on discussing and shaping the other changes more with the writers and with you guys before doing anything, but obviously we now have to move forward faster than expected
we'll have more on the details shortly, but for now, i will be watching this thread as well as the thread on stinque (though i cant currently comment there i expect nojo to hook me up shortly) so you guys can hit me with any questions, comments, or rotten fruit
i am also reachable via the tips email, my cynics email, or hunter dot walker at gmail