aha
spinoza, non ridere, non luger |
12.01.07 - 11:23 am | #
Money doesn't talk, it swears.
75 Visitors Online |
12.01.07 - 11:23 am | #
aha2
spinoza, non ridere, non luger |
12.01.07 - 11:23 am | #
So this means that George Bailey was a crook?
spinoza, non ridere, non luger |
12.01.07 - 11:24 am | #
criminy, I wonder how many states have made the same mistake? and how many pension funds might potentially be impacted?
I'm putting money into the NC state employee pension fund, but since I just started working there in Feb, it wouldn't be as big a deal for me as it is for people who have been doing it for 30 years.
TJ, outraged |
12.01.07 - 11:25 am | #
i love the name; big shitpile.
peterboy |
12.01.07 - 11:25 am | #
Classic case of Get Rich or . . . well, fuck the people who's money they're investing.
Supreme Commander Thor |
12.01.07 - 11:26 am | #
criminy, I wonder how many states have made the same mistake? and how many pension funds might potentially be impacted?
States, cities, universities, any institutions with large payrolls...
spinoza, non ridere, non luger |
12.01.07 - 11:26 am | #
"Whose" not "who's". Fuck. Coffee!!!
Supreme Commander Thor |
12.01.07 - 11:27 am | #
Soooo, just out of curiosity, what did Jeb Bush have to do with this?
watertiger |
Homepage |
12.01.07 - 11:27 am | #
George Bailey wasn't a crook. That was proven in the scene where he said, "Sorry, Mr. Potter, I know you want me to, but I'm not going to invest the Bailey Building and Loan customers' money in Big Shitpile. And by the way, Big Shitpile would be a pretty good name for a rock band after rock and roll gets invented."
Philly Boy |
12.01.07 - 11:27 am | #
Ah, the fund manager gets rewarded for getting a higher return than forecast. There's the prob.
Moe Szyslak |
Homepage |
12.01.07 - 11:28 am | #
Was this some more of that bold, new, market-oriented thinking that would run government more like a business?
El Cid |
12.01.07 - 11:28 am | #
OT: The millionaire businessman at the centre of the Labour donor crisis insists today the affair which has battered Gordon Brown's public standing is "a product of cock-up, not conspiracy".
Writing exclusively for the Guardian, David Abrahams admits mistakes were made over his £650,000-worth of covert donations, but claims he was not aware he risked breaking the law by funding the party through third parties.
He said he had acted in good faith out of desire for anonymity not secrecy, and defends the actions of the former Labour general secretary Peter Watt who was forced to resign for failing in his legal obligations.
Waist deep in Big Shitpile, but the big fools say to push on.
Jennifer |
12.01.07 - 11:28 am | #
"Martin, here's ten dollars to invest in the futures market."
"Oooh!! SOY! SOY!!!!"
"You're up one million dollars, Martin!"
Zap Rowsdower |
Homepage |
12.01.07 - 11:28 am | #
From below:
Gromit by the time Ghouliani left office everybody hated him.
Even the NYPD who were his biggest supporters at one time.
HoneyBearKelly? | Homepage | 12.01.07 - 11:24 am | #
Yeah ... we ALL hated him. He's a flaming asshole. Which is only one of the reasons his pants are on fire.
Brooklyn Girl, no longer sane |
12.01.07 - 11:29 am | #
It looks like those who invested on Rudy are also sitting on a shitpile. Any bets on when he withdraws for "health" reasons?
smarty jones |
12.01.07 - 11:29 am | #
What the movie didn't show was that George Bailey was having an affair with Ayn Rand at the time, and using bank funds to have her driven around Pottersville.
spinoza, non ridere, non luger |
12.01.07 - 11:30 am | #
amazing that some people say that money was supposed to make us civilized....hahahahahaahaha to that, eh?
fair barter for fair goods in trade? no fucking way, profit uber alles!
mogwai, cloud 9 dweller |
Homepage |
12.01.07 - 11:30 am | #
Karl Rove can kiss my pasty white fat ass.
Jennifer |
12.01.07 - 11:30 am | #
BTW, I'm sure all you Noo Yawkahs noticed that, not only were you paying cops to drive Ghouliani's whore around town, you were also paying them to walk the whore's dog.
And they had to clean up Judy's poo too.
attaturk |
Homepage |
12.01.07 - 11:30 am | #
It looks like those who invested on Rudy are also sitting on a shitpile.
Or Shih Tzu pile, in this case.
Tralfaz |
12.01.07 - 11:31 am | #
"KARL ROVES DEMANDS YOU GO HERE"
Karl Rove can kiss my ass. Twice today, since it's Saturday.
Uncle Blodge, Urban Teacher |
12.01.07 - 11:31 am | #
The bonds were sold to Fla by Lehman Brothers.
Jeb Bush works for Lehman brothers.
After the ship Jeb and Neil pulled with the S&Ls you'd think people would stay away of any thing his hands touched--
Unless you're a Republican, that is. Show those hands, fuckers! Greed is good!
Supreme Commander Thor |
12.01.07 - 11:31 am | #
George Bailey wasn't a crook.
Actually, I think he was. Money was amazingly fungible over at the savings & loan. That was a rather strange accounting system.
Moe Szyslak |
Homepage |
12.01.07 - 11:32 am | #
Atta,
You guys get hammered with the storm?
Zap Rowsdower |
Homepage |
12.01.07 - 11:32 am | #
I just got an email for "Smucker's Stars on Ice" ... sounds a bit messy, no?
Brooklyn Girl, no longer sane |
12.01.07 - 11:32 am | #
Heh. I bet Rudy really thought he could get away with it.
ql ? |
Homepage |
12.01.07 - 11:32 am | #
Karl Rove can kiss my pasty white fat ass.
Jennifer
OT:Many art collectors would give their eye teeth for a painting by Paul Gauguin – but how much would they give for his teeth?
Four rotten molars, which may have belonged to the French Post-Impressionist, have been found by archaeologists at the bottom of a well that the painter built on the remote island of Hiva Oa, on the Marquese islands in the Pacific Ocean.
According to the Gauguin specialist Caroline Boyle-Turner, there is strong possibility that the teeth belonged to the quarrelsome, syphilitic painter.
They almost certainly came from a European mouth, she says, because they are severely decayed. Marquese islanders of a century ago did not eat sugar and their teeth did not decay. The well, dug beside a hut used by Gauguin, was used to dump debris from his home but was sealed just after his death.
you were also paying them to walk the whore's dog.
Santorum woulda done it for free.
Lime Rickey |
12.01.07 - 11:34 am | #
Oh, and it appears that critics have failed to take into account that the Giuliani Secure Taxi Company had a perfectly legitimate reason to provide the Nathan family service between NYC and Hazleton, PA.
After all, it is well known to Pennsylvanians that during the time period in question, Hazleton was overrun with the worst of the hordes of illegal aliens; wetbacks and greasers of every stripe could be found lurking on every street corner and alley, parasitically attacking the Good Amerikan Citizens of that valiant town and devouring taxpayer-funded municipal and state budgets with relentless abuse of government social services!
At least until Pennsylvania's home-grown Tom Tancredo, Hazleton Mayor Lou Barletta, rode over the horizon to clean up the town.
People really ought to check their facts before blowing off their big bazoos to spread scandal.
76 Visitors Online |
12.01.07 - 11:34 am | #
The brother of a pilot wrongly accused of training the 11 September 2001 hijackers has succeeded in a High Court bid to win damages for wrongful arrest.
Mohamed Raissi, whose brother Lotfi was the first person accused of taking part in the attacks in New York and Washington, secured victory after claiming he was falsely imprisoned and unlawfully arrested days after the attacks.
Mr Justice McCombe ruled in favour of Mohamed Raissi yesterday, announcing that "there will be judgment in his favour for damages to be assessed".
But a similar claim by his brother's wife, Sonia, was rejected. Mrs Raissi and Mohamed Raissi were each seeking damages in excess of £150,000 in the action.
Lotfi Raissi was arrested 10 days after 11 September following an extradition request from the United States. He and his wife were living in Colnbrook, Berkshire, at the time. He was released in February 2002 and a judge ruled that there was "no evidence" that he was connected to the 11 September attacks or any form of terrorism. His wife and brother were also arrested. Mrs Raissi, a French-born dancer who was working as an Air France customer service agent at Heathrow Airport, was released without charge after five days.
I worked for just such a company. We were privately held and purchased by a private equity group. They brought in a brilliant CEO who quickly dismissed all of the experienced VP's who knew the industry and hired high priced VP's who had worked with him in previous companies. In less than a year he had assembled two foursomes with the highest handicap being a 10. In less than two years they ran this $120 million dollar company into the ground.
Shared Humanity | 12.01.07 - 11:31 am | #
Shared Humanity |
12.01.07 - 11:35 am | #
with hopes of earning 5.45 percent interest over 23 days. - from post below
I sure hope these are the same people that run the new Social Security!!
Harry R. Sohl |
Homepage |
12.01.07 - 11:35 am | #
.I already dealt with my experimental critters this morning, protostomes of the hexapod sort.
Tralfaz
The blackbellied dewlover, perhaps? In other words, are you telling us you're a Fly Guy?
blerb |
12.01.07 - 11:35 am | #
I imagine you are getting teh snow?
Oh, yeah. We'll probably end up with a foot, or so.
Zap Rowsdower |
Homepage |
12.01.07 - 11:35 am | #
I never tired of Spy referring to the Donald as "short- fingered vulgarian Donald Trump."
Jennifer |
12.01.07 - 11:37 am | #
I once spent four hours at a garage in Hazelton, PA waiting for a spark plug housing to be rethreaded. "The sticks" is too urban of a descriptor for that place.
Tralfaz |
12.01.07 - 11:37 am | #
Will Campbell Brown's Attack Ads special feature her own attack 'ads'?
Snow, Liberal |
12.01.07 - 11:37 am | #
Isn't Hulk "Smashed" by now?
Gimlet |
12.01.07 - 11:37 am | #
"Eval" Knievel would be a cool name for an insurance adjuster.
attaturk |
Homepage |
12.01.07 - 11:38 am | #
OT: The eclectic bunch of Iraqis on board the Predator patrol boat included a carpenter, a doctor's assistant, a fisherman and a music shop owner. Most were Shias from Basra but there were also Sunnis from Baghdad and even a smattering of Kurds and Christians.
Some had grown up close to the sea and had it in their blood. Others were looking a sickly green due to the swell of the waves. But they all had one thing in common: Each one was clad in the new garb of Iraqi marines. They had all swapped their previous trades for a life protecting Iraq's waterways and crucially the two giant oil terminals six miles out to sea which support the bulk of the country's fragile economy.
About 2.4 million barrels – worth more than $230m at today's peak prices – are pumped through the Al Basra and Khawr Al Amaya oil terminals daily, making them the source of 90 per cent of Iraq's gross domestic product and a prime terrorist target.
Today British, American and Australian warships encircle the platforms, but eventually it should fall to the country's own marines to protect them.
The blackbellied dewlover, perhaps? In other words, are you telling us you're a Fly Guy?
blerb
Indeed. And other members of that storied genus.
Tralfaz |
12.01.07 - 11:39 am | #
BTW, I'm sure all you Noo Yawkahs noticed that, not only were you paying cops to drive Ghouliani's whore around town, you were also paying them to walk the whore's dog.
I don't mean to quibble, but Duce Giuliani is the whore.
spinoza, non ridere, non luger |
12.01.07 - 11:39 am | #
Someone should catapult his ashes over the fountains at Caesar's.
Supreme Commander Thor
Nah, they should put his ashes in a dish and then try to "skip 'em" over the fountains.
attaturk |
Homepage |
12.01.07 - 11:39 am | #
HBK, you may have to authorize the computer.
watertiger |
Homepage |
12.01.07 - 11:39 am | #
The CPU wants what it wants.
JeffCO |
12.01.07 - 11:39 am | #
That's not a mistake, that's misfeasance!
GWPDA, yclept Irate Scholiast |
Homepage |
12.01.07 - 11:39 am | #
Nah, they should put his ashes in a dish and then try to "skip 'em" over the fountains.
attaturk
"One, two . . . oh, and he's in the water!!! Evil has crashed and burned AGAIN!"
Supreme Commander Thor |
12.01.07 - 11:40 am | #
and received bonuses, I bet.
More than you could possibly imagine. All of them had stock options. When it became clear that they were killing the business, they quickly packaged it up for sale and managed to sell it for three times what they bought it for. The CEO made a cool $9 million. 2/3 of the 1000 employees were out of jobs within 18 months of the sale (including me). I was fortunate in that I have an MBA and rebounded quickly. My 300 factory workers were not so lucky.
Shared Humanity | 12.01.07 - 11:39 am | #
Shared Humanity |
12.01.07 - 11:40 am | #
None of you bitches wants to take me up on the bet that Rudy will drop out for health reasons? What is this, a Baptist meeting?
smarty jones |
12.01.07 - 11:41 am | #
Can Il Rudi be indicted at this point for malfeasance, or whatever law it is that covers using the NYPD to walk the dogs of a "friend" of a city employee?
tweedles |
12.01.07 - 11:41 am | #
Morning, all.
Back home in the Paris of the Tri-State Metropolitan Area, after a day in Gomorrah on the Hudson.
As the kids say, wassup?
steve simels |
Homepage |
12.01.07 - 11:41 am | #
Money for Nothing!
And your chicks for free...
Then Mitt can explain his time freeloading in France, his sons hiding from the military, and the shitting dog on the roof.
Supreme Commander Thor |
12.01.07 - 11:41 am | #
Indeed. And other members of that storied genus.
Tralfaz
Well, at least they don't bite you when you pick them up the wrong way. Of course, my mice can't escape by flying away, either, so I guess it's a wash. Alas, I must get to it now. Later Batses.....
blerb |
12.01.07 - 11:43 am | #
American Express Company
Travel Related Services Co. Inc.
Chicago, Il 60679-0001
To Whom it May Concern:
Attached herewith, is City of New York check # 0151770761 dated May 29, 2001 in the amount of $400,000.00 which serves as a prepayment for Account _______ . Please leave money in main account - do not divide.
UN BELIEVABLE. UN BELIEVABLE.
GWPDA, yclept Irate Scholiast |
Homepage |
12.01.07 - 11:44 am | #
It's...it's almost as though all of these Republicans *weren't* actually interested in developing the assets in their charge.... Why, it almost looks as though their only interest was pulling as much of the value out of them that they personally could abscond with and leaving the carcasses to the critters. But... that would mean... greed *isn't* good? Ayn was wrong???
JeffCO |
12.01.07 - 11:45 am | #
"Why, it almost looks as though their only interest was pulling as much of the value out of them that they personally could abscond with and leaving the carcasses to the critters. But... that would mean... greed *isn't* good? Ayn was wrong???"
Greed IS good - for the greedy. fuck the critters is their motto. Let the big dog eat.
Uncle Blodge, Urban Teacher |
12.01.07 - 11:48 am | #
Y'all are missing a big point about the motivation for officials investing in these investment pools. Much of the money invested is dedicated money from the state that can only cover salaries, only utility bills, etc.. The interest, however, is available for any use: interest on payroll doesn't have to go to payroll.
FIU's _official_ plan to pay back the $11.5M reimbursement/fine to DOE is based on this form of float. They can't use overhead from our legitimate grants for the payback, and the legislature isn't going to appropriate funds for a fine. They sold bonds to cover the $11.5M, and are aggressively investing the state payment (half the annual budget each 6 months) to try to earn an extra $1-2M per year to pay off the bonds.
I'd bet someone could have a whole lot of fun using Florida's sunshine laws to look how all these counties and school districts used the resulting unrestricted funds. The interest is on the order of 1% of the budgets. If it was more, the state would disburse monthly rather than semiannually (I don't know the breakdown of that $25B invested in terms of state appropriations v. local property taxes). I'd bet (but it's a sporting wager, as I don't _know_) that the same is true for local property taxes & fees such as garbage collection: the income is seasonal, the expenses are evenly spread across the year, the income can't be spent on other things, but the interest can.
tp |
12.01.07 - 12:03 pm | #
Will they finally stop talking about privatizing SS now?
abburdlen |
12.01.07 - 12:05 pm | #
"sometimes you throw interceptions"-Countrywide
jr |
12.01.07 - 2:15 pm | #
this shit wasn't supposed to start unraveling until after the next election so republicans could blame it on somebody else! now people might think that the destruction of the american economy might have something to do with GEORGE BUSH.
type 4 |
12.01.07 - 2:17 pm | #