tag:blogger.com,1999:blog-21297199.post2330347083668609271..comments2024-03-28T06:32:24.557-04:00Comments on The Elephant Bar: Obama, get your head out of Limbaugh's ass.Deuce ☂http://www.blogger.com/profile/13472858446242700869noreply@blogger.comBlogger153125tag:blogger.com,1999:blog-21297199.post-61965972855378763952009-03-05T23:11:00.000-05:002009-03-05T23:11:00.000-05:00G'nite, Bob. (That was Trish multitasking with her...G'nite, Bob. <BR/><BR/>(That was Trish multitasking with her Chinezie counterpart. They be known for their fat heads)Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-78674664569368170722009-03-05T23:07:00.000-05:002009-03-05T23:07:00.000-05:00Also, don't issue visas, you fat, paranoid motherf...<I>Also, don't issue visas, you fat, paranoid motherfucker.</I><BR/><BR/>Love the language, just hope it isn't pointed at me.<BR/>------<BR/>I have paid my taxes Mat, and I may just apply.<BR/><BR/>I can shuffle papers and cheat the folks just as well as the next guy.<BR/><BR/>grrrnite, folksBobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-39731850568718769802009-03-05T23:03:00.000-05:002009-03-05T23:03:00.000-05:00Bob, If you paid your taxes, there's a job at Trea...Bob, If you paid your taxes, there's a job at Treasury for you:<BR/><BR/><BR/><B>Zero Hedge: Geithner Pick For Deputy Treasury Secretary Withdraws</B><BR/><BR/>Just when one thought the tragicomedy couldn't get any worse. WSJ just out that Annette Nazareth, who was Geithner's pick for Deputy Secretary Treasury, has withdrawn from consideration. It is not known yet if this was because she did or did not pay her taxes.<BR/>***Update***<BR/><BR/>A second candidate, Caroline Atkinson, has withdrawn her nomination to oversee international affairs.<BR/><BR/>As WSJ reports:<BR/><BR/>The withdrawals aren't confined to the Treasury. Susan Tierney recently withdrew her name from consideration for the job of deputy secretary of energy for what a person close to her said were family reasons. Jane Garvey recently withdrew from consideration for the deputy secretary post at the Department of Transportation, according to people familiar with the matter.<BR/>People familiar with the matter said Ms. Nazareth and Ms. Atkinson withdrew in part because of the long vetting process, which had dragged on for weeks and included several rounds of intense questioning. Treasury is now said to be considering another person as deputy -- H. Rodgin Cohen, chairman of top law firm Sullivan & Cromwell LLP, who has been an adviser to virtually every firm on Wall Street, two people familiar with the matter said. Mr. Cohen declined to comment.<BR/>.<BR/>.<BR/><BR/>http://zerohedge.blogspot.com/2009/03/geithner-pick-for-deputy-treasury.htmlAnonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-27508904415518514272009-03-05T22:59:00.000-05:002009-03-05T22:59:00.000-05:00I feel like I'm having my whole life striped away,...I feel like I'm having my whole life striped away, Mat.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-39365710275587753772009-03-05T22:51:00.000-05:002009-03-05T22:51:00.000-05:00Well, she said 9% interest.==What!? Just 9%!? Bob,...Well, she said 9% interest.<BR/>==<BR/><BR/>What!? Just 9%!? Bob, if you're not getting 15%, you're getting gypped!Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-19555284146465127232009-03-05T22:49:00.000-05:002009-03-05T22:49:00.000-05:00Also, don't issue visas, you fat, paranoid motherf...Also, don't issue visas, you fat, paranoid motherfucker.trishhttps://www.blogger.com/profile/14139410627244875589noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-83646284801603820912009-03-05T22:47:00.000-05:002009-03-05T22:47:00.000-05:00Well, she said 9% interest.Well, she said 9% interest.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-86775730623564514062009-03-05T22:46:00.000-05:002009-03-05T22:46:00.000-05:00aye, y'all still chatting in this thread so I&...aye, y'all still chatting in this thread so I'll post my screed here to:<BR/><BR/><BR/><BR/>Hoppin' thread below. Let me post my responses to mostly random copied comments:<BR/><BR/>bobal wrote:<BR/><BR/>"but isn't the problem, if there is one, with mark to market, the idea that what to do when there is no market?"<BR/><BR/><BR/>***Yeah, no one buying something sucks! If you are holding something no one wants to buy I sure ain't buying it. How do you value it? Some things, mortgage backed securities for example, actually spin off some cash so there is some basis for valuation. Waiting for a government to step in and prop up the market can actually help freeze it up - sellers won't sell because they might get something better from TARP.***<BR/><BR/>Blogger Doug said...<BR/><BR/> Is the value of a well-kept house in a neighborhood with 10% foreclosures equal to the value of an abandoned, deteriorating foreclosure in the same neighborhood?<BR/><BR/>***nope - the beauty of free markets - what's that sucker gonna sell for? I'll grant you that no one is buying these days. My buddies in commercial real estate have pointed that out to me. No sales, no way to value things...***<BR/><BR/>Blogger trish said...<BR/><BR/> Canada was smarter about this whole business than we, I did read somewhere recently. Ran a tighter (in re leveraging) regulatory ship.<BR/><BR/> Kinda makes me feel bad about buying that t-shirt: "Canada - America's Hat"<BR/><BR/>***America's hat - that is funny! Funny if you like a real heavy damn hat - Canadians: hewers of wood, miners of mineral stuffs. We sell the land from beneath us and strike a proud pose. Well, there is more to it than that but..."<BR/><BR/>Doug cited:<BR/><BR/>"A recent World Economic Forum report ranked it the soundest in the world, mostly as the result of its conservative practices. (The United States ranked 40th)."<BR/><BR/>***A quick history of Canadian banks - they wanted to merge, they wanted deregulation, the gov of the day said NO! (the same gov that said no to Iraq). No Canadian bank went bust in the Great Depression. The current five banks have a max ownership of only 10% to one entity, foreign ownership restrictions, and relatively stringent capital requirements. They exceeded the required capital base conservative folk that they are. They've also ran with a relative conservative lending philosophy. There is a government backed mortgage issuer - CMHC***<BR/><BR/>Blogger desert rat said...<BR/><BR/> Well, ash, Kudlow provided the M1 numbers, I assume them accurate.<BR/><BR/> It's not that I believe the conspiracy theory, just that all the pieces seem to fit.<BR/><BR/> That these fellows were so dumb as to not know what the effect of their actions would be, I find an unreasonable assumption<BR/><BR/><BR/>***I'm fuzzy on the details you reference with specific acts leading to a contraction of the money supply. "Kudlow said" doesn't have much veracity. I remember searching for M1 figures and came across (maybe wiki) references to official stats keepers formally not trying to calculate the number (conspiracy anyone??? - maybe). As I've said before, in general anyway, I think the affairs of man are quite haphazard and reactionary as opposed to controlling and conspiratorial though many try***<BR/><BR/><BR/>trish said:<BR/><BR/>"This is essential Keynesianism. It is supposed to be massive, swift, and (wait for it) short-lived. And you pay for it on the other end, in ostensibly better times."<BR/><BR/>***I've yet to see a gov. really follow Keynes recommendations - spend like hell in down times and save equally in good times. Usually they seem to spend like hell in bad and then, maybe, go neutral in good times. Heck, we all pat ourselves on the back when we go neutral (not quite the surplus one would imagine) i.e. Clinton years in US Chretien in Canada.***<BR/><BR/>Bobal quoted:<BR/><BR/>"<BR/>Obama is absolutely nuking the markets."<BR/><BR/><BR/>***yeah, riiiiight, it's Obama's fault. By the way the DOW is just ONE of many economic indicators, and yes, Bush gets a lump of coal in his stocking for his input. Obama, we'll see what happens over the next years but I'm concerned the current politics is forcing him in to the role of trying to save it all and much must fail. Ya know, creative destruction and all -- we free market conservatives used to preach that shit at one time, before our pockets were directly affected.***<BR/><BR/>Blogger trish said...<BR/><BR/> " Nationalization is what happened to the S & L s. And it was the Reagan admin that came up with the plan. In very short order.<BR/><BR/> The bad ones went into gov receivership, and from the *day* they landed in RTC's lap, the turnaround to the private sector was 90 days."<BR/><BR/>***there certainly was some elegance to the S&L solution - let 'em fail and do a work out. Now we are trying to keep the dead walking****Ashhttps://www.blogger.com/profile/06232405130481114127noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-886965777474855572009-03-05T22:43:00.000-05:002009-03-05T22:43:00.000-05:00for two bucks!==And let me guess, she promised you...for two bucks!<BR/>==<BR/><BR/>And let me guess, she promised you that the money is safe in the Cayman Islands, and will be earning 15% in Madoff interest.Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-44499543100832095202009-03-05T22:38:00.000-05:002009-03-05T22:38:00.000-05:00"Who knows? Maybe 'O' will consult Chavez..." Borr..."Who knows? Maybe 'O' will consult Chavez..." <BR/><BR/>Borrow the red shirt! Borrow the red shirt!<BR/><BR/>Also, sit behind a folding lunchroom cafeteria table and bore me to death for hours at a time with your kick-ass Bolivar schtick.trishhttps://www.blogger.com/profile/14139410627244875589noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-21480542507657603702009-03-05T22:34:00.000-05:002009-03-05T22:34:00.000-05:00My kidneys? You're kidding. My teeth too, heart, l...My kidneys? You're kidding. My teeth too, heart, lungs, the whole works, for two bucks!<BR/><BR/>And the expiration date is only a year from now.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-53409625021168169502009-03-05T22:30:00.000-05:002009-03-05T22:30:00.000-05:00Well, I would, if I had anything to sell!==Bob, pl...Well, I would, if I had anything to sell!<BR/>==<BR/><BR/>Bob, please don't tell me you've already signed your kidneys to Trish!Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-52857664235913726992009-03-05T22:27:00.000-05:002009-03-05T22:27:00.000-05:00So tell me, Canadians: how secure do you feel now?...So tell me, Canadians: how secure do you feel now?<BR/>==<BR/><BR/>There's been an attempt on the Pickering nuke reactor. We know it's on their list of to do list. So not so safe.Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-38912653618864659812009-03-05T22:25:00.000-05:002009-03-05T22:25:00.000-05:00Jon Stewart says Sell:0:0:)Well, I would, if I had...Jon Stewart says Sell<BR/><BR/>:0:0:)<BR/><BR/>Well, I would, if I had anything to sell!Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-48237124752189923762009-03-05T22:23:00.000-05:002009-03-05T22:23:00.000-05:00GE: Zero Credibilityhttp://valueplays.blogspot.com...GE: Zero Credibility<BR/><BR/>http://valueplays.blogspot.com/2009/03/ge-cfo-addresses-rumors.htmlAnonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-89441131906940638732009-03-05T22:20:00.000-05:002009-03-05T22:20:00.000-05:00Check this out, Mat!---Gates of Vienna News Feed 3...Check this out, Mat!<BR/>---<BR/>Gates of Vienna News Feed 3/4/2009 <BR/>by Baron Bodissey<BR/><BR/><BR/>The big story of the day comes from Canada. It concerns a prominent Muslim named Khaled Mouammar, the president of the Canadian Arab Federation, who supports Hamas and Hezbollah and believes they should be removed from the list of terrorist organizations.<BR/><BR/>It turns out that Mr. Mouammar also sat for years on the Immigration and Refugee Board, and was responsible for clearing Muslim refugee-claimants for admittance into the country.<BR/><BR/>So tell me, Canadians: how secure do you feel now?Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-30737198134939384282009-03-05T22:18:00.000-05:002009-03-05T22:18:00.000-05:00The Zimbabwe School of Economics<A HREF="http://gatesofvienna.blogspot.com/2009/03/zimbabwe-school-of-economics.html#readfurther" REL="nofollow"> The Zimbabwe School of Economics </A>Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-75556467905077234812009-03-05T22:14:00.000-05:002009-03-05T22:14:00.000-05:00Jon Stewart says Sell.Jon Stewart says Sell.Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-87502534572201378462009-03-05T22:05:00.001-05:002009-03-05T22:05:00.001-05:00(I didn't say "queer")(I didn't say "queer")Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-41942637516869279732009-03-05T22:05:00.000-05:002009-03-05T22:05:00.000-05:00At least there won't be any shortage of Green Shit...At least there won't be any shortage of Green Shit and QueerAss Poetry @ the EB!Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-18162222275321488092009-03-05T21:52:00.000-05:002009-03-05T21:52:00.000-05:00Who knows? Maybe 'O' will consult Chavez on thing...Who knows? Maybe 'O' will consult Chavez on things nationalization. He's got some experience in it.samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-54177604578397145902009-03-05T21:50:00.001-05:002009-03-05T21:50:00.001-05:00FT.com - General ElectrifiedPublished: March 5 200...<B>FT.com - General Electrified</B><BR/><BR/>Published: March 5 2009 15:05 | Last updated: March 5 2009 18:42<BR/><BR/>If Jeffrey Immelt felt unlucky to take over General Electric from living legend Jack Welch just four days before the September 11 atrocities, he can only blame himself for allowing financial services to become such a large part of the mega-conglomerate. GE may remain, for now, one of only six triple A-rated US companies, but the markets are trading it like junk as fears over its GE Capital unit mount. GE’s shares are down nearly 60 per cent this year and each soothing word it gives investors seemingly is having the opposite effect.<BR/><BR/>At Wednesday’s close, for example, all of GE was worth $6.69 a share even as an analyst from Deutsche Bank estimated that its industrial units alone, responsible for half its earnings recently, were worth around $12 on their own. GE is a leader in areas such as aircraft engines, medical equipment, and power and water infrastructure, businesses that will suffer in a recession but not vanish. The implied value of its financial arm of negative $56bn seems irrational, but perception is often reality in today’s jittery markets.<BR/>.<BR/>.<BR/>http://www.ft.com/cms/s/2/f8a59aa6-0996-11de-add8-0000779fd2ac.html<BR/>==<BR/><BR/>So, a $60 billion gov bailout for GE? I wonder what Santelli will say about that.Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-69826018655208474462009-03-05T21:50:00.000-05:002009-03-05T21:50:00.000-05:00Chávez has, also, threatened to seize control of p...<I>Chávez has, also, threatened to seize control of privately- owned Polar, the country’s largest food conglomerate and brewer.<BR/><BR/>Three weeks ago Chávez won a referendum that will allow him to run an unlimited number of times for the presidency.<BR/><BR/>“If you want to take on the government, you’ll find out that this revolution is for real,” Chávez said. His comments were directed to the family that owns a controlling interest in Polar.</I><BR/><BR/><A HREF="http://www.digitaljournal.com/article/268622" REL="nofollow">Agricultural Giant</A>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-77745205663063038422009-03-05T21:44:00.000-05:002009-03-05T21:44:00.000-05:00but an image of spirit marrying materialityAnd it ...<I>but an image of spirit marrying materiality</I><BR/><BR/>And it is an old ploy in this kind of stuff to have spirit thrusting from above, Leda gets pecked by the Swan.<BR/><BR/>The myths seem to say, it's the above coming down, not the other way around, like in our evolutionary theories based on Darwin.<BR/><BR/>The soul is always receptive of the spirit, which comes from above, in the older and I think truer way of looking at things.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-48319486895155353202009-03-05T21:35:00.000-05:002009-03-05T21:35:00.000-05:00"And as calls grow for nationalization of Cit..."And as calls grow for nationalization of Citi and other giant banks, they may be tempted to go where even FDR feared to tread."<BR/><BR/>Nationalization is what happened to the S & L s. And it was the Reagan admin that came up with the plan. In very short order.<BR/><BR/>The bad ones went into gov receivership, and from the *day* they landed in RTC's lap, the turnaround to the private sector was 90 days. <BR/><BR/>The current mess rather drwarfs that, but when Greenspan gave a shout out to "nationalization," he wasn't talking permanently.trishhttps://www.blogger.com/profile/14139410627244875589noreply@blogger.com