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Mar. 5th, 2012 12:07 am
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Matt Taibbi: Bank of America is a “raging hurricane of theft and fraud”

Guardian: Guatemala judge denies ex-dictator's amnesty claim. Ronald Reagan's good buddy, General Efraín Ríos Montt ("a man of great personal integrity") won't have immunity for his mass murder of thousands, possibly hundreds of thousands.
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Fox News had Bill Nye on to talk about volcanoes on the Moon. Host tries to connect story to some "climate change" spin. Big mistake -- Bill Nye "the Science Guy" has experience explaining basic science to small children and people of similar educational attainment.

Video

I doubt Fox News will have Bill Nye on again, but fun while it lasted.

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Meanwhile, "The Onion" headline again sums things up:

"Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined"

"The Onion" also offers a reasonable solution:

"Emergency Team Of 8th-Grade Civics Teachers Dispatched To Washington"
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New Orleans Magazine: Steppin' Back: The golden days of dance halls

I had the pleasure of going to a private event (musician friend's wedding reception) at the 2nd Luthjen's with live jazz last weekend. Could be a nice venue again if they can get permitted.

Of course, I'm so much of an old timer that I can remember when it was the far LEFT fringe that wanted to destroy the dollar and bring down the US Government. (And I didn't really think I'd ever see the day when Barry Goldwater would seem like a responsible moderate.)
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What will happen if Congress doesn't fix the Debt Ceiling, as explained by Max Fleischer Studios in 1932.

Betty Boop's Ups and Downs
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"Remember when teachers, public employees, Planned Parenthood, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes? Yeah, me neither." -- Mardi Claw

Some stats

Jan. 5th, 2010 12:30 am
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Aughts were a lost decade for U.S. economy, workers. Zero net job creation

Healthcare Spending and Life Expectancy. U.S. spends most per person but without higher life expectancy.
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Economy, David Paul in HuffPost: With Wall Street Shorting the Dollar, It is Time for Congress to Pursue Fundamental Change

Yeah, I'm sure they'll get right on it.

Related, Matt Taibbi in Rolling Stone: Obama's Big Sellout -- The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway

It might be helpful if we had an actual "loyal opposition" in the USA. But the most visible and active Republicans are busy chasing after strawmen, like the Obama the Muslin Commie Terrorist Kenyan, and "Obamacare", a Sinister Plot to Murder Your Grandmother. I guess that's easier than putting a partisan spin to the actual worst things the Obama administration has been doing, which are mostly continuing the worst things the Bush administration did.

On a lighter note, satire from "The Onion": Members of the earth's earliest known civilization, the Sumerians, looked on in shock and confusion some 6,000 years ago as God, the Lord Almighty, created Heaven and Earth.

Must have been even more confusing than watching the end of the world in 2000 was.
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For those who haven't yet read either of these two articles on the US & the economy, recomended:

The Quiet Coup by Simon Johnson

The Big Takeover by Matt Taibbi
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Richard Fuld, the disgraced head of Lehman Brothers, was punched in the face in the office gym amid the bank's collapse.

Journalist Vicki Ward lets a bit of personal opinion slip into her reporting:


He went to the gym after ... Lehman was announced as going under," she told CNBC. "He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold.

"And frankly after having watched [Mr Fuld's testimony to the committee], I'd have done the same too."
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I first posted this back in July 2002. I think it's time for a repost.
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Note:
The story is that singer/vaudevillian Eddie Cantor was at a recording session on what turned out to be Black Tuesday, 29 October 1929. In between takes he was making sarcastic remarks that had the musicians and recording engineers cracking up. The head engineer suggested he record his remarks as a monlogue.
As far as I can tell from Google, no one has transcribed this on the web or Usenet before. So, I figured it was time.



Well, folks,
They got me in the market
just as they got every-body else.
In fact, they're not calling it the Stock Market any longer.
It's called the Stuck Market.
Everyone is stuck.
Well, except my uncle.
He got a good break.
He died in September.
Poor fellow had diabetes at 45.
That's nothing.
I had Chrysler at 110.

With the way the market has been running,
many a man goes down to business in a Rolls-Royce,
And comes home in a Mack Truck.

If the market takes another slump,
I know thousands and thousands of married men
Who will have to leave their sweethearts
And go back to their wives.

Everyone is singing The Margin Song from Wall Street:
"Sucker Come Back To Me" [to tune of "Lover Come Back To Me]

Of course, if you can dig up the margin, you're all right.
If not, Brother, you're gone.

Now-a-days, when a man walks into a hotel,
And requests a room on the 19th floor,
The clerk asks him:
"For sleeping, or jumping?"

I met one chap in the lobby of a hotel the other day
And he looked quite sleepy.
And so I asked him:
I said "Why are your eyes half shut?"
He answered, "Eddie,
I had to give up my room at 4:30 this morning.
I had it on margin."

You know,
a lot of brokers down on Wall Street have devised a wonderful scheme.
With each five shares of stock
They hand you a loaded gun.
They don't tell you what to do with it
But you can use your own judgement.

Before I quit talking,
I want to give you one sure tip on the Market.
Go out tomorrow and buy National Casket.
You can't go wrong.

And by the way,
Have you noticed that the Market is reflected even in the way women are dressing?
Have you noticed how their skirts have dropped?

Personally, I shouldn't worry about my stocks.
I know my broker is going to carry me.
Yes sir.
He, and 3 other pall bearers.

The Crash of 1929 changed Cantor from being a millionaire to being over 200,000 dollars in debt.
Read more... )

Spam

Sep. 23rd, 2008 10:21 pm
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From: Minister of Treasury Hank Paulson

Dear American, My Dear Friend:

I am Ministry of the Treasury of the Republic of America.

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with “Mr. Phil Gram,” lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a citizen, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check.

URGENT REQUEST FROM REPUBLIC OF AMERICA FOR BUSINESS RELATIONSHIP (CONFIDENTIAL!)
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"Demanding money under threat of extinction -- money that will then be given to the very people who created the threat of extinction in the first place -- is only called “extortion” if you use a gun and ask for less than seven figures.

And is only called “Socialism” if you use tanks and ask for a few billion.

But if you use a television camera and ask for a trillion, it's wise fiscal policy and everyone should just shut up, jump on board the Free Market Unity Pony and stop pointing fingers at people."


-- Driftglass

Read the whole thing
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By this time next month, will things have gotten so bad both Obama and McCain will be deliberately trying to lose?
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My great uncle recalled going downtown and being part of a crowd watching the numbers on a huge chalk-board during the crash of 1929. Thanks to generations of progress, we can be seated comfortably at computers.

And remember BushCo still has almost a year to screw yet more things up.

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