Politics
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- dbloc0
JazX...what are you trying to prove?
- tommyo0
This thread was actually just a ploy to obtain JazX's real name. Phew, we got it now - only took 161 pages and 3,199 posts. I think I had the bet's covered on pages 120 - 125. Who had page 160? We'll paypal you the winnings. Congrats!
- HA HA! Well that was some real work. Considering I have posted on my website. LOL********
- HA HA! Well that was some real work. Considering I have posted on my website. LOL
- ********0
DrBombay you're from NY? I'll be up there this weekend for 2 days.
- no not ny, sorry for the mislead, i will change it.DrBombay
- bloody liar.tommyo
- Oh, so no website, fake city, low posts and created in 08? Are you a troll? If not that's kind of ironic no? haha.********
- Milwaukee, WI more like it.********
- and he called me a troll. At least I kept my username, regardless of it's implications********
- read the thread and you will know who I am.DrBombay
- I'm in NY....TheBlueOne
- dbloc0
Brian Weck
- what do I win?dbloc
- Ohhh man, this just gets better********
- a free pass to http://www.loopkit.c… when it's done********
- ha haa nice!dbloc
- If that's your name than you just won a fantastic last name!!! *cue confetti cannons *kids with sparklers run aroundtommyo
- Oh nm...*puts kids back in the duffel bags *repacks the confetti cannonstommyo
- don't it sound like a Chinese name too! YESSSSSSSS I'm Jackie Chan's BRO********
- So since my surname is Chinese, shall I shoot off firecrackers or is that racist too?********
- dbloc0
58-year-old Janine Boneparth, who tried to handcuff Rove in what she called a citizen's arrest for "treason."
http://news.yahoo.com/s/ap/20081…
Ha Haaa Haa Haaaa Haaa Ha
- that was pretty funny to watch - rove looked like a deer in headlights... had no clue what was happening. :)turk_182
- time for the pasture. it happens to all them.********
- BA! I totally missed your post. That's hilarious. I would have b*tch-slapped that b*tch********
- Probably the most vile human to walk this Earth! I can't wait to read his Obituary...DCDesigns
- ********0
- TheBlueOne0
Meanwhile the dow closed down 514 points. Greed is good.
"From CNBC:
In a hearing today before the House Oversight Committee, the credit rating agencies are being portrayed as profit-hungry institutions that would give any deal their blessing for the right price.Case in point: this instant message exchange between two unidentified Standard & Poor's officials about a mortgage-backed security deal on 4/5/2007:
Official #1: Btw (by the way) that deal is ridiculous.
Official #2: I know right...model def (definitely) does not capture half the risk.
Official #1: We should not be rating it.
Official #2: We rate every deal. It could be structured by cows and we would rate it.
A former executive of Moody's says conflicts of interest got in the way of rating agencies properly valuing mortgage backed securities.
Former Managing Director Jerome Fons, who worked at Moody's until August of 2007, says Moody's was focused on "maxmizing revenues," leading it to make the firm more "issuer friendly."
Bloomberg gives Moody's top billing in this sorry affair:
Employees at Moody's Investors Service told executives that issuing dubious creditworthy ratings to mortgage-backed securities made it appear they were incompetent or ``sold our soul to the devil for revenue,'' according to e-mails obtained by U.S. House investigators.The e-mail was one of several documents made public today at a hearing of the House Oversight and Government Reform Committee in Washington, which is reviewing the role played by Moody's, Standard & Poor's and Fitch Ratings in the global credit freeze.
``The story of the credit rating agencies is a story of colossal failure,'' Committee Chairman Henry Waxman, a California Democrat, said at the hearing. ``The result is that our entire financial system is now at risk.''...
Former executives from S&P and Moody's told lawmakers today that credit raters relied on outdated models in a ``race to the bottom'' to maximize profits.
Jerome Fons, a former managing director of credit policy at New York-based Moody's, told lawmakers that originators of structured securities ``typically chose the agency with the lowest standards, engendering a race to the bottom in terms of rating quality.''
- My ING mutual funds aren't totally in the tank, but they're hurtin'********
- no one cares.DrBombay
- Boy those Libertarians and their crazy love of Austrian economics are nuts!! Learn here: http://www.mises.org…tommyo
- My ING mutual funds aren't totally in the tank, but they're hurtin'
- hallelujah0
is this stinking corpse of a thread still here?
- soynutz70
ugh....
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- Is this the 6th time this has been posted? I know you're not on here much soynutz, so this isn't a poke at you. Just sayin.tommyo
- tommyo0
A Move towards Market Socialism
Daily Article by D.W. MacKenzie | Posted on 10/16/2008"They want people to play market as children play war, railroad, or school. They do not comprehend how such childish play differs from the real thing it tries to imitate." – Ludwig von Mises
The recent financial crisis has renewed interest in old issues. The Bush administration has announced plans to buy $85 billion in preferred stock in what are (for the time being) private financial institutions, like Bank of America, J.P. Morgan, Wells Fargo, and Morgan Stanley. The total commitment by the Treasury is set at $250 billion. While this move by the Treasury Department into the financial industry is unique in American history, it has precedents elsewhere, and has been debated many times.
Karl Marx proposed "centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." Years later, so-called "market socialists" like Oscar Lange, Abba Lerner, and H.D. Dickinson proposed state control over credit and financial capital. While these market socialists accepted trade and the use of money with consumer goods, markets for capital goods would be simulated and markets for financial capital would be wholly replaced by central planning. Capital investment would therefore be determined by state officials, rather than by competition for funds in financial markets. Lange was particularly clear about how the state would determine the overall rate and pattern of capital investment. State officials would set the overall rate of capital accumulation, instead of interest rates. State officials would also determine the pattern of investment, instead of profit-seeking capitalists and entrepreneurs.
Ludwig von Mises and Friedrich Hayek defended capitalism from its Marxian and market-socialist enemies. Mises attributed special significance to financial markets and private financial institutions. After all, it is financial markets that determine the rate and pattern of future capital investment in capitalism.[1] Since socialism is defined by communal control of capital, this system requires state control of investment and finance. Socialism therefore means replacing private dividends with social dividends and interest rates with edicts. All private speculation and credit must be prohibited if capital is truly to become communal property. Capitalism works because it eliminates inept managers of production automatically through bankruptcy, while extending greater industrial control to competent capitalists.
- robotron3k0
man, I go to Little Chitaly (China Town + Little Italy) and come back and miss all of JazX racial postings... Some people have all the luck.
- omgitsacamera0
Calling Buckeyes for change right now. Most won't pick up.
- are they afraid you're black?hallelujah
- No, probably because the cell service at school is crap. And it's AT&T...omgitsacamera
- hallelujah0
Chuck Todd: Well, Chris, I wouldn’t blame Brian for wanting to say this. There was a tenseness between, first of all, between the two. There’s no chemistry. I couldn’t see chemistry between John McCain and Sarah Palin. It was.....I felt as if we grabbed two people and said ‘here sit next to each other, we’re going to conduct an interview.’ There wasn’t, they’re not, uuugh, not comfortable with each other yet.
The other thing about it is that you can tell they know that they’re losing. There’s an intensity there, they’re drained, the entire campaign staff is drained. The two candidates seem guarded, they seem on edge. It’s not as if they were rude or anything. It’s not as if they weren’t trying to be forthcoming. It’s just, they just seemed, it’s a negative intensity. I don’t know how else to describe it. But you’ll see that when you see the two of them together, the chemistry is not all there.....you do wonder "is John McCain starting to blame her for things, blaming himself, is she blaming him?" You just wonder what’s going on inside their heads are they upset with how the other has treated them and is that why her the numbers low? It’s just a negative vibe that you get in that room.
I can't emphasize enough. The odd body language. I know Obama and Biden don't have the great chemistry yet, but there seems to be some chemistry. I didn't see ANY chemistry here. It is, very much feels forced and you almost wonder, "Now, maybe it's the intensity of the moment, they know they're down. You have no sleep at night you need that idea that you might win to probably keep you going and maybe they don't feel that they can win right now and so they're missing that intensity.... but that was the thing that struck me more than anything...the lack of....you almost wonder why they wanted them sitting next to each other.
They desperately need some good news cuz you wonder "is that cohesion dissappearing inside. Not just between the two mates that we saw on camera, but in the whole campaign structure."
- I can't imagine he appreciates the little zingers she's come off with that undermine him.monkeyshine
