Say No to Sycophantism
Monday, September 29, 2008
for real
Sunday, September 28, 2008
rearing of a head
Thursday, September 25, 2008
palin and russia, redux (or threedux?)
multi-task!
Wednesday, September 24, 2008
Protect!
Monday, September 22, 2008
why i love cr comment threads
FutureNewsNetwork - "The U.S economy burned to the ground today, in large
part due to a battle between both Congress and the President over whom was
going to hold the firehose. Officials blamed the start of the fire on a
faulty Electorate."
Nude | 09.22.08 - 5:12 pm | #
via:
http://www.haloscan.com/comments/calculatedrisk/8195546327046984900/?a=15340
Saturday, September 20, 2008
big shitpile
said that nobody really has an appetite for the [relatively worthless]
mortgage-backed securities now collectively known as big shitpile. Well, it
turns out somebody does have an appetite for it, and a large one at that.
Who? You. And Me. Yes. We're going to pay $700 billion and more to goldman,
and to morgan, and to merril, and to citi, and to wachovia, and all their
bastard children, in order to eat shit.
As usual, Atrios is very succint:
"The $700 Billion Underpants Gnomes
Step 1) Buy $700 billion of big shitpile at inflated prices
Step 2) ..
Step 3) Profit!!
-Atrios 21:47
Comments (311) "
http://www.eschatonblog.com/2008_09_14_archive.html#6722502820758517529
invent!
Taxpayer Owners
else who is a US taxpayer) now own the two largest mortgage issuers in the
country, and the largest insurance company in the world, with plans for
acquiring toxic assets of the remaining largest investment banks in the
world.
At this rate, they're going to need new machinery at the U.S. mint. Quote of
the week:
And New Hampshire Sen. Judd Gregg, the ranking Republican on the Senate
Budget Committee, told Politico Friday that a "majority of the Republican
Conference will understand about the risk to the nation" and work quickly
with the administration to address it.
"The situation is so dire, we can't get wrapped around our ideologies,"
Gregg said. " We have to be bold and be flexible. If you just take an
ideological position, the disruption [to the economy] will be enormous."
There you have it folks. Trust a republican to give up his principles at the
very moment when we desperately need them to protect ourselves from further
descendance into a fascist tunnel. The mind boggles, but the body is tired
and unresponsive.
Friday, September 19, 2008
Our country's foremost energy expert
know, the molecules, where it's going and where it's not. But in the sense
of the Congress today, they know that there are very, very hungry domestic
markets that need that oil first," Palin said. "So, I believe that what
Congress is going to do, also, is not to allow the export bans to such a
degree that it's Americans that get stuck to holding the bag without the
energy source that is produced here, pumped here. It's got to flow into our
domestic markets first."
- Sarah Palin, Energy Expert and University of Idaho graduate in sports
journalism
short sales banned? here's what happens
blast from the past
rescue!
why i love cr comment threads
"My 10 year old car is valued by the market at $6000. I don't want to accept
this market value."
Your first mistake is calling it a "car." You should call it a "Special
Investment Vehicle."
El Cliffo | 09.19.08 - 11:29 am | #
via:
http://www.haloscan.com/comments/calculatedrisk/2658304468487360697/?dt=1221855276#592738
Wednesday, September 17, 2008
currency snark..
The US $ has just been arrested for loitering on the world scene with no
visible means of support.
peAkcredit | 09.17.08 - 12:50 pm | #
via CR comment thread:
http://www.haloscan.com/comments/calculatedrisk/5786026735197194359/?dt=1221687939#585743
Lost faith in currency
in paper? heh.
Tuesday, September 16, 2008
sequestered!
re: collapse of shadow banking system
for ~50bil, in what is undoubtedly an extremely good deal for merrill
shareholders. speculation that boa is already regretting the deal, possibly
didn't perform all the due diligence they should have, didn't take a look at
all the bad paper at merrill. lehman dead, repurcussions far and wide,
earliest of which being reported: florida pensions and state education fund
money. more to come undoubtedly.
i saw vids of lehman employees going in with empty duffel bags and coming
out with full ones, truly sad. aig is still on the brink of collapse, even
though a private cash injection of ~75bil from goldman et al. has been
arranged by the fed. the market doesn't seem to buy it though, stock
continues to tank. roubini was on teevee today saying "i told you so,
goldman and morgan are next within 3-4 months".
most alarming news of the day? fed changing rules allowing deposit-taking
banks to use deposits to finance their investment banking arms. violating
one of the cardinal rules of banking post-depression: dont screw with your
despositors' money. truly shocking, but these are the times.
Monday, September 15, 2008
change you can't believe in
Sunday, September 14, 2008
hurricane ike news blackout
landfall early saturday morning, this was being billed as the greatest storm
since 1900. we know that the storm surge was pretty huge. but there's almost
next to nothing on the news channels regarding casualties, overall cost of
damages, etc. its almost as if there were a "blackout". well, there may be:
http://www.dailykos.com/story/2008/9/14/22830/8407
lehman dies
http://www.nytimes.com/2008/09/15/business/15lehman.html?hp
Just 2 months ago, we were hearing how "different" Lehman was from Bear
because, well, "its different!!!". Now we know a liquidity crisis is a
liquidity crisis, and lehman just owned a little bit too much of big
shitpile for it to be an appetizing meal for, well, anybody.
Saturday, September 13, 2008
drill baby drill
potter movies
mcpalin simpson
Thursday, September 11, 2008
what is the bush doctrine?
ouch
Wednesday, September 10, 2008
lipstick + pig = palin?....not
Tuesday, September 09, 2008
LIAR!
Monday, September 08, 2008
John McCain is a LIAR
Clinton/Gore 08
Sunday, September 07, 2008
Perhaps its time to re-label yourself
Palin
thoughts:
1. Obama should not directly engage Palin. Brings him down to her level,
which is really no level at all. Female surrogates should go after Palin
with the heaviest kitchen sink they can find. Doesn't matter if they cry
sexism or meanness or whatever, it won't matter with the voters. Voters
don't like whiners, as Hillary Clinton found out at the end of her primary
campaign.
2. Palin is a distraction. The election is not about her. It's about John
McCain, and what an irresponsible, incompetent, lying sack of shit John
McCain is. Let's drill that message. For example:
a. John McCain says Barack Obama is "elitist", but he's the one who owns
7 houses and a private jet.
b. John McCain says Sarah Palin sold a government-owned jet on eBay and
made a profit, but she actually didn't sell the jet on eBay, she sold it to
a businessman at a $600,000 loss to the state.
c. John McCain says he will reduce your taxes, but he will really reduce
rich people's taxes. You? not so much. John McCain doesn't care about you.
d. John McCain says he will tell the lobbyists that change is coming.
Somebody ought to tell John McCain that his campaign employs over 100
lobbyists, including chief strategist Charlie Black.
e. The DNC ads tying John McCain to George Bush with the 90% voting
record are excellent. They should be playing non-stop in every swing state:
VA, NC, OH, PA, FL, CO, NV. I have to be honest, here in NC I've been seeing
a lot more McCain negative ads than Obama ads. This has got to change. I'm
hoping that there's a strategy behind this, and the Obama people are just
waiting for the right time for a knockout punch.
Bottom line: the campaign is about the economy, and about what a lying sack
of shit John McCain is. Let's not get distracted by Ms. Congeniality.
creepy
Friday, September 05, 2008
must...not...eat...my...shoes
john bush
YO!
Thursday, September 04, 2008
comedy gold
VP Losers on IM
Tuesday, September 02, 2008
get off my lawns!
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