I'MMA LET YOU FINISH
MARS, BITCHES!
Frist!
DENIED!
randolph carter is my bitch.
Kathleen Parker hates the scary vagina.
Derivatives, bitches!
oops! DT'd.
.Roast Beef dinner mmmmmmmmm
The provisional recipe for tonight is crudite and assorted canapes with champagne, Prime Rib with Yorkshire pudding, roasted banana fingerling potatoes, mollases-braised golden beets, carrots, and brussels sprouts, a nice salad, riesling-poached pears with vanilla ice cream and crispy ginger cookies, and finally cheese and walnuts with coffee and assorted Austrian fruit brandies.
it's just paper.
I want blerb to adopt me.
Well, that was certainly an article that eased my mind. Glad that our economy is not really built on a house of cards.
All you need is some leverage and Fannie Mae to buff the turds once the loans are repackaged.
the government-backed home-loan finance company now is on the defensive over a change in how it calculates potential losses from the growing mortgage crisis.
The fear among investors is that a new accounting methodology masks the number of bad loans held by Fannie, thus downplaying potential losses.
It's showtime!
Leverage is fun on the way up!
Not so much when the market turns against you. That's when the wankers start crying for the Fed to intervene in the free market.
But but but...
Investment trusts are such a small part of the economy!
The fundamentals are sound!
--Herbert Hoover
And BTW, Ohio St-Michigan is NOT the greatest rivalry in sports, as ESPN keeps telling me this morning. It's a match up between two mediocre teams from a mediocre conference, long past its prime.
I like the almost sub rosa mention recently that the cutting and pasting of mortgages into "Mortgages" has created a problem hithertofore unknown - non-collateral collateral.
Kinda spoils the whole concept of real property, don't it?
...and there'll be no spitting on this thread!
This distinction makes a huge difference. If, say, these leveraged players account for $200 billion of mortgage-related credit losses, and they lever up 10 times, that hit results in a $2 trillion reduction in credit, Hatzius theorizes.
Quick, look at that welfare queen getting into her Cadillac!
a new accounting methodology
It's otherwise known as lying.
Time for a little nap before football.
Catch you patriotz laterz.
I was watching TITANIC last night. Oddly appropriate for these times. The wealthy get away to safety and the tacky little people run around in terror while the ship sinks.
Gordon Brown's hopes of forging a political consensus over extending detention without charge beyond 28 days are expected to be dealt a heavy blow by the former attorney general Lord Goldsmith. In a meeting with the home affairs select committee next week, he is expected to say he has seen no evidence to justify the extension, and reveal that he was close to resignation when Tony Blair pushed for 90-day detention in 2005 before being thwarted by a backbench rebellion.
Goldsmith left the government when Brown took over as prime minister, but is now conducting a review on citizenship. He is expected to say he remains committed to alternative courses such as the use of phone tap evidence and post-charge questioning.
http://www.guardian.co.uk/
terror...2212594,00.html
It's otherwise known as lying.
Bourgeois Liberal
No shit. I too, have $100 million of worthless assets on my balance sheet.
look at that welfare queen getting into her Cadillac!
Too 80s.
How about "look over there at the missing white woman!"
Interesting... Anyone care to guess how much we pay each year to service the public debt?
It's otherwise known as lying.
Bourgeois Liberal
I need your dictionary... and loan me that book of rhyming words, too.
"Service the debt" conjures up an image requiring a hefty dose of brain bleach...
I have valued the books in my home library at 16.4 billion dollars. I'm rich, baby -- as long as I don't actually try to sell them.
In the middle of an industrial estate in Zaandam, just north of Amsterdam, stands the newest prison in the Netherlands.
But the word "stands" is not quite right, because this prison is in fact moored on one of the country's many waterways.
And the inmates in this floating prison are not criminals but illegal immigrants, guilty of what the Dutch call an "administrative offence".
This is the answer to a problem the authorities faced in the late 1990s - how to separate illegal immigrants from ordinary criminals when you already have overcrowded prisons.
"It's easier to get a place on the water than to find land, plus it's easy to build," says Erik Nijman from the Dutch ministry of justice.
http://news.bbc.co.uk/2/hi/europ...ope/
7096186.stm
Gordon Brown's hopes of forging a political consensus over extending detention without charge beyond 28 days are expected to be dealt a heavy blow by the former attorney general Lord Goldsmith. In a meeting with the home affairs select committee next week, he is expected to say he has seen no evidence to justify the extension, and reveal that he was close to resignation when Tony Blair pushed for 90-day detention in 2005 before being thwarted by a backbench rebellion.
What has happened to the European left? Or the left in general for that matter? The only unabashedly liberal country in Europe today is Spain. All the other nominally center-left governments have bought into the third way gospel. In Britain's case, they appear to have taken it full circle and become out and out right-wingers.
WNYC reporting this a.m. that Giuliani's appointed 8 new legal advisors to his team.
Visual cue.
I was watching TITANIC last night.
Try watching A NIGHT TO REMEMBER.
Still the best Titanic movie, IMHO (and Honor Blackman was definitely hot!).
And it portrays the class distinction thing much better than Cameron's expensive flop.
I have valued the books in my home library at 16.4 billion dollars.
mrs g's collection probably is worth that much.
assuming an average of $1 each.
The other thing is it's not just the credit crunch that we're up against here. How much of our economic activity over the last several years has been fueled by borrowing against this asset valuation bubble? Now that all that music has stopped where will the money to keep buying all kinds of shit come from?
I've never been able to understand the degree and ease with which large investments can be leveraged.
Big tools and location, location, location!!!
What has happened to the European left? Or the left in general for that matter? The only unabashedly liberal country in Europe today is Spain. All the other nominally center-left governments have bought into the third way gospel. In Britain's case, they appear to have taken it full circle and become out and out right-wingers.
gobacktotexas | 11.17.07 - 11:06 am | #
well if you want to know what happened to the left in Britain, do check out David Osler
Interesting... Anyone care to guess how much we pay each year to service the public debt?
cahuenga
Well, the principal is a little over 9 trillion. I'd say the annual interest on that is at least a hundred billion.
Interest on the public debt: Currently $470,000,000,000.00.
Nearly a half a trillion dollars a year just in interest.
Oh dear. Have we accounted for NTodd's whereabouts lately?
An accused stalker told cops he fell in love with sexy actress Uma
Thurman after "our eyes connected" while he watched one of her movies.
"I could see she was making contact with me," Jackson Jordan, 37, told
police in a statement. "Over the years my attraction to her grew."
Jordan, who pleaded not guilty yesterday to stalking Thurman, claimed he came to New York to be with the "Pulp Fiction" actress, but was rebuffed
when he tried to see her on a movie set.
"We are meant to be together," Jordan said. "She is a wonderful person."
Boy, when the bill comes due on all the mess we've left our grandchildren and their children, they'll really hate us.
Luckily, we'll be dead
/Bush logic
Nearly a half a trillion dollars a year just in interest.
cahuenga
Thank you, St. Ronnie. And guess what, deficits *do* fucking matter.
Ineresting Marxist analysis of reality shows here
And it portrays the class distinction thing much better than Cameron's expensive flop.
I don't think flop means what you think it means.
While it was truly a sucky movie of titanic proportions, it earned $600 million dollars in domestic box office alone.
Baaah. Even most of these "third way" politicians in Yurp are to the left of our Democrats. Dependency on entitlements and some cradle-to-grave idea of job and financial security was getting out of hand in Europe, and was no longer sustainable in the face of the influx of cheap labor and poor people from all that unification. They will adjust their systems accordingly, but it will never go off the deep end the other way like it has here. The people there are too smart about what is good for them.
okay okay! I made it up!
Nothing rhymes with sandpaper!
phew~!
Oh dear. Have we accounted for NTodd's whereabouts lately?
An accused stalker told cops he fell in love with sexy actress Uma
Thurman after "our eyes connected" while he watched one of her movies.
watertiger
Can't be NTodd. Uma's over 23.
I've never been able to understand the degree and ease with which large investments can be leveraged.
All it takes is a large helping of wishful thinking with a soupcon of "creative accounting".
J.K. Galbraith's The Great Crash is still must reading on this subject. Also, try looking at Samuel Insull's leveraging of public utilities stock back in the 20s. Or for that matter the Mississippi and South Sea Bubbles back in the 1720s.
Interesting... Anyone care to guess how much we pay each year to service the public debt?
cahuenga
The national debt has actually been reduced under George Bush, as I explain here.
http://www.dailykos.com/story/20...11/15/114427/
57
Nothing rhymes with sandpaper!
Grand caper?
The people there are too smart about what is good for them.
blerb | 11.17.07 - 11:12 am | #
and they will never give up four+ weeks of vacation a year.
Can't be NTodd. Uma's over 23.
jac |
But there's a sticky substance all over my Pulp Fiction DVD
British politics itself has been reduced to a free market consensus and small c conservatism
which both main political parties subscribe too
political debate has grown stale and the choice limited
It's a match up between two mediocre teams from a mediocre conference, long past its prime.
Florida
Oh fuck you. Take a turn playing a few bowl game in Ann Arbor in January before you make that claim.
as for the influx of immigrants, I sometimes fear that there will eventually be major flaspoints further down the line
and this will suit the authortarian wankers
The national debt has actually been reduced under George Bush, as I explain here.
Um, you forgot to convert Euros back to USDs at the end there.
The national debt has actually been reduced under George Bush, as I explain here.
The sun actually orbits the Earth, as I explain here...
I've never been able to understand the degree and ease with which large investments can be leveraged.
Re-read Babbitt. It's who you know.
Also, that fed bankruptcy judge in Ohio may have found the flaw in the whole bundling of mortgages' scheme--they either didn't bother or couldn't secure the note to the property title. So now they can't foreclose...
British politics itself has been reduced to a free market consensus and small c conservatism
which both main political parties subscribe too
political debate has grown stale and the choice limited
It appears some variant of this phenomenon has taken place all over the Western world. The only exception is Spain.
there's a sticky substance all over my Pulp Fiction DVD
I can keep a secret if you can.
Grand caper?
MP
(racy sticks needles in her eyeballs)
It appears some variant of this phenomenon has taken place all over the Western world. The only exception is Spain.
gobacktotexas | 11.17.07 - 11:17 am | #
aye, its like liberal democracy is on its last legs
as for the influx of immigrants, I sometimes fear that there will eventually be major flaspoints further down the line
Well, unlike America, there is a real basis for culture clash vis-a-vis the immigration situation in parts of Europe.
I can keep a secret if you can.
Bourgeois Liberal
where has your watch been?
Well, unlike America, there is a real basis for culture clash vis-a-vis the immigration situation in parts of Europe.
blerb
Bubba culture doesn't welcome immigrants here, blerb.
there's a sticky substance all over my Pulp Fiction DVD
Sorry, I needed a plate for my fluffernutter sammy.
Bubba culture doesn't welcome immigrants here, blerb.
noblejoanie
My point was that in parts of Europe the immigrants are a real rather than merely an imagined threat to the indigenous cultural institutions, as they are to those Bubbas.
Well, unlike America, there is a real basis for culture clash vis-a-vis the immigration situation in parts of Europe.
But immigration rates are actually lower in Europe than in the USA.
where has your watch been?
It turned up my blueberry pancakes.
TD Ameritrade provided this in an attempt to comfort investors with money in their Reserve money market investments. For example:
"While a lot of enhanced cash funds have significant exposure to the mortgage-backed securities (MBS) market, The Reserve enhanced cash portfolios do not have direct exposure to commercial or residential MBS. We anticipated problems in the broad-based mortgage market so have not invested in MBS in recent months."
I'm a little worried about the "in recent months" statement.
-
'New' Labour's DNA is woven from the blood of ex-Trots, ex-stalinists and hard-left leninist types. One suspects that they've retained their mistrust of 'liberal' reformist ideologies and retro-fitted it to the reigning ideology.
Sorry, I needed a plate for my fluffernutter sammy.
NTodd, On On WANDERSEXXX!
just don't tell me you put the kleenex in the VHS... I need it for the good porn
I was teasing, blerb. Your point was well taken
Sheets
Boiling it down it means many 'New' Labour types have no natural sympathy for liberal or libertarian ideas and this means that their natural reflex is to command and control, to democratically centralize is the natural impulse.
Thank god there are no more mass graves since we assassinated Saddam:
A mass grave filled with badly decomposed bodies was unearthed Saturday in southern Baghdad, where relatives of people missing in the neighborhood gathered at a mosque in hopes of learning the fate of their loved ones.
It was the third mass grave found in Iraq this month.
Boiling it down it means many 'New' Labour types have no natural sympathy for liberal or libertarian ideas and this means that their natural reflex is to command and control, to democratically centralize is the natural impulse.
So they are trying to reconstruct a command economy by stealth?
I don't think flop means what you think it means.
You got that right. I could really give a rat's asshole with mayonaise about the $600 million in domestic gross.
The only decent scene in the whole flick was the one where Kathy Bates is telling DiCaprio which fork to pick up first at the captain's table...
The only decent scene in the whole flick was the one where Kathy Bates is telling DiCaprio which fork to pick up first at the captain's table...
I liked the music.
The thing about that scene was that DiCaprio looked honestly bewildered by the vast spread of tableware in front of him--he had this sort of "what the fuck" expression which was probably out of character. Which was more convincing that him trying to be in character.
Leverage is a risky business. The main basis for it is to use other people's money to make money. It works wonderfully when prices are going up, such as the stock market rise or home prices rise. But when prices start going down, then you have the mess of the savings and loan catastrophe, the junk bond, or even the 1929 crash. That crash was the result of people buying stocks with borrowed money. Prices were rising and anyone could make a buck in the stock market. People would go into debt to buy the stock that eventually went down. The sad aspect of all this is that government allows corporations to leverage to the point that they have no stake in the investment. It's easy to see why borrowing a million dollars to make fifty thousand and then pay the million plus four percent. In the current sub-prime mess those holding the bag are huge financial institutions, like Citigroup and those buyers who invested in homes that are over priced. Their equity has evaporated.
How about a tax on leverage, Duncan? If they want to play, they have to pay.
"I need to take off my 1970's dress shirt to cool off from this economy"-Larry Kudlow
Let's remember that those who were using such leverage were making a ton of money on the way up. Would be interesting to know if they made more than their losses; ie, what their Net will be.
Or did the managers make the money and leave somebody else to hold the bag??
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