From the New York Times:
James E. Cayne, Bear Stearns’s former chief executive and one of its largest individual shareholders, will most likely walk away with a little more than $13.4 million, the value of his Bear stock holdings, according to James F. Redda & Associates. Those would have been worth $1.2 billion in January 2007, when Bear’s stock was trading at a $171.51. Mr. Cayne has taken home more than $232 million in salary, bonus and other pay between 1993 and 2006, the time period for which there is publicly available data, according to Equilar, an as an executive compensation research firm.
Geez, I could certainly make do with $13.4 million after completely screwing up on the job.
Why are these people allowed to walk away with ANYTHING? After all, Cayne spent the last couple of years playing golf, smoking pot and playing bridge while his unsupervised underlings burned the company to the ground with their credit shell games. Behavior like this reeks of criminality of Enronian proportions. In a just world, he (along with the usual suspects in the crime-ridden Bush administration) would be stripped of all of his earthly posessions, including the clothes on his back, tarred and feathered, and sent out to the public square to beg for forgiveness from all the Bear Stearns employees and investors.
And I see I’m not the only one who thinks this way. So sayeth economist/blogger Brad DeLong, via TPM, on why the aptly initialed BS sold at $2 a share:
…Bear Stearns execs were unwilling to go into bankruptcy because of a various forms of criminal liability they would face — and that everyone would be so pissed about the collateral damage of the bank’s collapse that everyone would want to not only execute them but also have them drawn and quartered (in case you only know the phrase and not what it actually means: not pretty).
I have friends in the banking industry (gasp! – don’t worry, they’re the "little people") and they now live in fear for their jobs because of the cavalier attitude of schmucks like Cayne. Call me crazy, but reading about this subprime mortgage/credit mess, you’d think that we learned nary a thing from the Enron fiasco. How many more "private financial institutions" are going to get bailed out by the Fed before the American people get tired of paying for it?
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zed
Now to read. Just walked back in!
http://www.youtube.com/watch?v=KsaQPobUZiM
Happy St. Patrick’s Day peoples.
The only thing these vampires are deserving of, if not a stake, are a blindfold and one last cigarette.
Not a cigarette, they will kill you. Maybe just a blindfold.
“Hey, that’s MY racket!”
/Dick Cheney
Okay, but he’s got to be goven credit for smoking pot. Takes a real wild one for that.
James E. Cayne, Bear Stearns’s former chief executive and one of its largest individual shareholders, will most likely walk away with a little more than $13.4 million, the value of his Bear stock holdings, according to James F. Redda & Associates. Those would have been worth $1.2 billion in January 2007, when Bear’s stock was trading at a $171.51. Mr. Cayne has taken home more than $232 million in salary, bonus and other pay between 1993 and 2006, the time period for which there is publicly available data, according to Equilar, an as an executive compensation research firm.
Prick
It was planned to work this way. I saw it coming when I was refi-ing my home for the third.
(I am a selfish home owner who cashed in my equity to buy hot tubs, new cars and disneyland vacations. No wait-it was the medical bills.)
My comment from two threads back
I call it piercing the corporate veil. No corporation should have the rights of a legal person unless those at the top accept personal culpubility for their actions.
Corporations were formed as limited liability cooperatives for those too small to assume all the risk. Seems the individual assumes all the burdens while corporate officials skate.
Can you say EGO? “I am not like those guys. I’m a lot smarter.”
You know, you really do have to feel sorry for guys like Cayne. He probably bought a $120 million yacht for Christmas, has a jet and a few houses that were all paid for on loans against that $1.2 Billion paper. What’s he gonna do now?
Last Tuesday Jim Cramer was screaming ‘Bear Stearns is fine, don’t be silly’.
Priceless.
-G
I could use a federal bailout
boo hoo
h2o!
When I saw the title of this thread at the bottom of the last thread my first reaction was things got so bad CEO’s were jumping out of windows. Oh well no such luck.
Enronian encapsulates the Bush Administration.
I don’t think we should blame the entire collapse of Bear Stearns on pot-smoking. That way lies madness.
Watertiger, I think when people know the details, which the press (hopefully) will report, people will be pissed like never before.
They’ve got golden parachutes! Jumping doesn’t hurt them.
Leave James Cayne alone!
-G
You know I was being a bit snarky, don’t you?
But . . . he only took home $13.4 million. He might as well call it quits!
To answer the question at the end of your lovely post, WT: seven.
Then they will stop bailing out private investment banks, and the financial system will collapse. They will stop, though, not because the American people won’t stand for it any longer, but because the Fed is outta cash. And the Chinese will politely ask us to stop printing more.
LOL! make sure the mascara is properly smeared.
There is no free press.
Isn’t it amazing that it requires an MBA to screw up so badly. One would think a GED would qualify someone to run a business into the ground.
we just did a whisky toast in honor of st patty (man i am not a whiskey gal)
Yeeeowwww….!
For anyone that hasn’t gone into the weeds to understand CDOs, SIVs, CDOs squared and cubed, and how the pirates of Wall Street created this mess — the Kyle Bass subprime letter is a jaw dropping primer:
http://ftalphaville.ft.com/blo…..kyle-bass/
Nice tune! I have a copy of the original LP that he and the Clancys released, Rising of the Moon. Struggles against the oppressors of the people. That is one thing the little people have always had, the music. No one will sing songs lauding Donald Trump or George Bush.
Toast to St. Patrick’s day! WTF.
As Athenae says, we should ask
[Snip]
Read the whole thing here.
Oh I’m sure they have answers what this is SOOO different. But let’s see if anyone asks the questions. I’d like to hear the answers.
Heather Mills did better than he did today.
$1.2 billion would buy a heck of a lot more than that. Money’s out of reach in some foreign account.
Imagine trying to spend even $100 million. Where could you possibly put it?
I was warning back before Thanksgiving that Wall Street knew it ate the seed corn. Watching the Fed throw money at the problem like gasoline adds a sort of comic horror. I would hope that cooler heads would prevail, but as long as Bush is at the helm the economy will continue to fall into the abyss. Or in Dubya’s case, “son of abyss.”
Why would these pricks jump when the aholes in Washington will bail out their friends. They won’t jump, they’ll have to be pushed.
Great art can come from great suffering. Blues music for example.
OT: nasa tv is fab right now :D
I love Athenae.
I wonder were Ken Lay is actually living.
i still don’t understand how the secretary of the treasury can pass money to private companies without it going through congress…………..i don’t ’get’ it…………..
how many millions are we up to now? (rhetorical, you don’t have to answer)
how many million was it that schip needed? a drop in the hat.
these asshats make me sick.
Me too.
ijust let it touch the tip of my tongue and then poured the rest into mr wobb’s glass. i’m not trying to grow any hair on my chest
So I’m naive. One can hope. But I feel you brother. And we try to teach our children that there are consequences to bad behavior. Only at our level I guess. The right wing scoffed at Edwards saying that there are two Americas.
Was my first reaction this morning when I found out that the head of Ameritrade, the guy who invented the subprime mortgage, had died. Cause of death was “unknown”.
me three
Billions…trillions…millions…
Show me the books.
Didn’t think so.
We are being ripped off…
Hellowwwwww!
I’ll be performing at the Wall St Station tomorrow afternoon, If someone dropped $100 million in my guitar case I’m sure I could put it to good use.
I was being responsible with my money. Besides not even someone at Bear Stearns would lone against the presumed value, since that $1.2 B was not liquid and if it was to become liquid, then everyone else’s shares would be worth, oh, say $2.00 per share. :-D
Wooohaaatttt????
Holy shizzola!!
Too many coinkydinkies….
Dayem..
There may be two Americas now, but America is going to be Brazil in five years. I’m still looking at that Ford truck with the full camper on it.
I’ve spent many nights in a tent, but I sure as shit don’t want to live in one.
Maybe a whole new art form will be inspired from this. Bet you’re right.
I wonder too.
Natural Causes, FL.
When you are part of the powers that be it would be a piece of cake to be taken off of the grid.
what gives?
ckls at 30
thanks for the link
guess they can not list bad karma as a cause of death
hmmmm just gives me the creeps
He is going to be reincarnated as the lowest form of life on earth-a neocon.
Right…uh, huh…
Having said before on FDL that Jim Cramer is a professional shill for Wall Street Neurastheniacs, Jim’s advice to hold onto Bear Stern stock at $63 per share on March 11 progarm speaks volumes.
Bear Sterns stock sold for $2 per share on March 16 … five days later.
Oh, but you have such a different value system. Of course you could put it to good use. What if you were trying to spend it all on yourself? What could you possibly buy that would make you happier than, say $3,000,000 could buy?
These jackasses aren’t trying to spend it on anything worthwhile. They may get their groups together for a charity, but it’s not for charity. It’s for tax breaks. Sick, sick, sick.
Wow, everyone should be forced to read his letter. Holy crap.
so, now ken lay is elvis????????
rofl……..
Isn’t Dubai building a series of islands offshore?
-G
That’s a firing offense for someone in his line of work.
I wish Cramer’s obvious conflicts would be revealed. Too many people watch.
http://ftalphaville.ft.com/blo…..kyle-bass/
This letter.
Cayne also hired all”bridge bums” that asked as traders for the options market. His thinking was that the logic that made good bridge players made good traders too. There was some truth to that except as a group they were profoundly lazy and tended to be risk takers as in gamblers (hence the bum part). It was amusing to go down and see 30 guys playing very high stakes backgammon while the market was still open.
Hmmm.
You mean more than Palm Island?
Per Raw Story http://rawstory.com/news/2008/….._0317.html :
I heard him say that people should just “walk away” from their homes. He said that.
Who said that?
you tell me, man. Maybe too much rich food?
I got a “Not Found”…
love the cat!!!!!!!!!!!!!!!!
as for bagpipes and melancholy and message– it all started as smoke signals, drumbeats, keening and wailing while the world never or could not listen, right?
brrr, umphhh, brrr.
“taps” by any other name……
keening.
paste again . paste again
Why would the banks choose to foreclose and end up with nothing as opposed to working with the lender to restructure the loans?
OT nasa tv hot . hot . hot !!!111
I’m planning a vacation there…
Ohhh, yeah, what if there is a Tsunami..from Mother Nature..hmmm…..maybe I’ll just go to the fence…of the property… Not. I’m not going somewhere where there are “repercussians” and all…ya know… volcanos and such..
when the loan is for more than the house is now worth…
The link is at #30. It’s a great letter.
The dead on the toilet Elvis.
http://ftalphaville.ft.com/blo…..kyle-bass/
jeep jeep, thank! I had missed that!
I’m so confused. Where are you going on vacation? Dubai? I’m kicking myself to the moon cuz I could have bought a condo there in 2001 for $82,000. $4000 down.
It has been this way since recorded history began. The few control the many. They use religion and sexuality and race to divide us. They try their hardest to stop any form of education that may reveal them and their schemes. They are so frightened it is sickening. There are enough resources on this planet to feed and clothe and shelter everyone. I have no idea what drives someone to want to have so much more than they can ever use. Is it something genetic? There are definitely defective units among our population. I worked for several years as a licensed Psychiatric Technician in a Forensic Hospital dealing with Sexually Violent Predators and they only recognize themselves as “human” no one else matters. It is the same mindset I see among the neocons. They recognize each other and understand each other but no one else exists. They have no capacity for empathy or compassion, it is a sign of weakness to them. I finally became so disgusted trying to mwork with them that I quit my job and gave up my license and I now work as a clerk in a convenience store and I am much happier. The same thing that drives these serial rapists and child molesters is evident in the behavior of these CEOs and neocon war mongering fucks. They need yo be identified and isolated from the rest of us forever.
No one owns the loan. It’s “serviced” as part of a sliced-and-diced financial instrument, pieced out into the financial markets. There’s no lender to call and ask forgiveness of. The servicer has no authority to work out a deal with the borrower (homeowner).
Dude should learn the value of rigorous paragraphing, though….
LOL Agreed. There should be a shit load of these asshole doing the perp walk right about now. The Fed is going to bail them all out, protecting them from bankruptcy and criminal prosecution.
I’m not going anywhere in reality…actually, I would not want to be anywhere other than where I am…(except excursions to the coast when I have the opportunity)…I like where I am…for once in my life.
Here’s my question: exactly what does this mean (from this mornings’s NYT):
Can you say “Nationalization”?
and let all the regular folk lose everything while the Fed does nothing. oh wait, all their troubles will be fixed with that $600 check. praise jeebus for that.
Hmm. Maybe you actually lucked out by not buying there….Dubai is really intriguing…but ultimately it is an illusion.
watertiger at 85
well, i guess he didn’t leave the building……..
what’s pathetic is that the “money people” are all talking about a second and third quarter stimulus.
Like those checks are going to go back into the market? No, they’re going to pay off credit card debt, mortgages, student loans, rent…
That is the core at what is going on…covering the tracks by slicing and dicing the “evidence”….
It reminds me of carving up a corpse and distributing it all over the place…
Yet, the evidence is still discoverable.
i think the money people should share with the rest of us whatever it is they are smoking that makes them so upbeat.
LOL
seversl years ago i heard a program on New Dimensions Radio with a guy talking about how just about any one who reaches the level of CFO, CEO etc… is in some ways a sociopath. can’t remember his name only that he was a teaching physician a UCSF or USF Med Ctr. and that he has written several books.
good evening dear friends.
how ya feeling tex? everything go ok?
The fed is bailing out the banks, I haven’t heard of them helping one actual person from losing their house.
There is a documentary floating around called “The Corporation” that illustrates exactly that point. Corporations act in a totally sociopathic manner.
No Olberman rerrun tonight…what is up with that? Do they think we don’t notice??? I guess so…just San Quentin shizzola…
Can you say squeeze?????
‘xactly!
everything went fine except for my plans to nap all afternoon when i returned home. tree trimmers with electric saws took care of that. pain is manageable. not too half-brained anymore.
was rerun at 7pm ca time. i think they have switched out some of their schedule. my cable shows another rerun at 11pm tonight.
they changed the rerun times
They changed the KO rerun schedule! I don’t know the details but I think it reruns at 10PM and then again some other time.
a wise woman once said its always something
glad you are doing ok
MSNBC changed his re-air times, 7pm, 11pm pacific.
Do you really think it was wise of you to be trimming trees? :)
Good to hear you are doing well.
I am not even allowed to climb stairs without another adult present, for a full 24 hrs. Or drive or sign contracts.
Keith said he’s going uptown. He’ll have countdown at (I believe) 11:00 pm and 2:00 AM.
Why is MSNBC obsessed with shows that are about incarcination all weekend?
Why are we inundated by shows about imprisoning people?
Why is MSNBC obsessed with sex “crimes”.
What is wrong with these people?
This is serious!
Good question. The prisoners are all so repentant. I liked it for the first few times I saw it years ago, but this is getting icky.
I worked as a tech mostly in ER and ICU but also in other units, like the adolescent psych and the adult psych unit.
trying to attract fox viewers?
The MSNBC cult of jail life is pretty gruesome if ya ask me.
-G
Do you think if I write the Fed and ask them to cover my bare stern they will give me a billion? I won’t pay it back but I promise not to ask for more. I’m really not a greedy person.
Every one is a sexual suspect.
I don’t know. Could it be a subtle way of showing how bad prisons are? If you fuck with the status quo you could end up in prison. Even civil disobedience could result in prison time. See the kind of people in prison. What, are they scary. WELL THEN SHUT THE FUCK UP OR WE WILL PUT YOU THERE!!!
How about we prosecute and use their “golden parachutes” to help homeowners caught in this sub-prime mess?
We’ve gone from ‘Columbo’ to ‘COPS’. Columbo was popular in the 70s and 80s. In that show, the criminals are *always* the wealthy and the powerful. Now it’s all common criminal shows.
I love the Columbo series.
Hi dmac, Suz, everyone. ;)
I also loved Columbo.
I dunno. Could be. Why do they run this stuff every weekend 24/7.
Why?
Why?
hey margot
http://www.newsmeat.com/celebr…..x.php?li=a
list of celebrity political donations………pretty fascinating.
one guy donated MILLIONS of dollars……..record producer.
others just a couple of hundred.
swooped it from another website.
Who says…let’s run the prison stuff all weekend, or let’s run the teen predator stuff all weekend…
Who says that?
Why?
One of my favorite artists :)
How could someone most scare the average American…
Threaten the welfare of their children.
Hellooo!!!
I’m guessing it’s fascination for most people, and scared straight for others.
People who have a life don’t want to see it anymore. The other possibility I’ve considered is that it becomes more “normal”. So if people are incarcerated it becomes more acceptable. But why?
I own every season that they’ve released on DVD, which is about eight or so. :)
hey hey margot! are you feeling any better? or just have a moment of lucidity before you collapse again from the flu? (remember i just had it)
mine too
if i were to give you my address …. would you loan out??
I am not happy about KO changing times. This is when I usually watch it.
Does anybody know, do the new times apply to every weeknight, or only Friday night?
TexBetsy. Glad to see you here. Hope you’re feeling okay. No wild animals in the house? *g*
it;s monday.
neuro i think it is monday and permanent. changes now that tucker’s show is toast.
nope. wild animal is at dad’s for a few days. oh that! no, no wildlife entered through the windows last night.
He mentioned a time change tonight, and don’t remember all of the details. He did say 11:00 and 2:00 ET.
ya know, it would help if we all new what time zone each other was in.
suzanne at 100 says-”
i think the money people should share with the rest of us whatever it is they are smoking that makes them so upbeat.”
i think that comes from being delusional. it’s easier to be upbeat that way.
pacific
5,7, and 11 Pacific.
Right up against TDS…
Eastern, or EDT.
Or, when not daylight savings time: EST. Hey!
y’all see this?
Report: NY governor admits to affairs (AP)
from Yahoo! News
New York Gov. David Paterson, right, is sworn in by Chief Judge Judith Kaye, left, while his wife Michelle Paige looks on, in the Assembly Chamber at the state Capitol in Albany, N.Y., Monday, March 17, 2008. (AP Photo/Mike Groll)AP – Gov. David Paterson, who took over the state’s top job Monday after Eliot Spitzer resigned amid a prostitution scandal, has admitted he and his wife Michelle had affairs during a rough patch in their marriage several years ago, a newspaper reported.
My impression was that it was just the rebroadcast times that were changing, and it’ll still be on at 8pm ET, but rebroadcast at 10 and 2 instead of midnight. I can’t imagine they’d be stupid enough to move the original timeslot (but this is MSNBC we’re talking about.)
Sure! I have a few of them loaned out at the moment. :) You can contact me at rob_zuber at hotmail.com.
I’m heading off to bed here in a minute, so you may not hear from me until tomorrow.
yeap, saw some chatter about him getting it out in the open before it can be used against him downstairs
I hope everybody is realizing that they are f’ing with us…Olbermann snre-rerun is replaced by “San Quentin Lockup” on MSNBC.
People!!! They are f’ing with us. They are going after KO.
McCain will soon be the King.
This is important. Free Press is gone. We are being overwhelmed….
We have to unite! Free Press is as important as FISA isn’t it?
gmt + || -
I don’t know ask an old wobbly if you can find one. Google the anti-sedition acts of WWI. You can be put in prison for thought crimes.
yeah and I sooo don’t understand why this is news. Maybe if we all say we have had extra marital sex w/ hookers or sex w/ married hookers, no one will care and the news won’t waste our time reporting on this stupid stuff
Yes. Teddy reported that a couple of threads back . I’m sure it’s new to a lot of people, though.
I know that I can’t keep up and post things I think are new…
tw3, suz–
me three
Better, thanks!
Think it was a migraine, not the flu, or I’d still be sick.
me3tree
huh? plus 11 or plus pi?
Notice:
Keith Olbermann’s programming on MSNBC has been changed.
David Gregory, Bush’s little favorite guy is now in on MSNBC.
People, the fix is in. They are f’ing with the press. They have put things into progress. We are in major trouble.
Listen.
What? Keith seemed really proud that he got these new times. Are you saying that he got demoted?
i’m sorry if that sounded condescending. i was just trying to say it was not completely new. again, my apologies.
His rerun is now somewhere in the middle of the night when less people watch…they are downgrading his visibility.
Not being fucked with, IMO.
Instead of 5 & 9, he’s on 5, 7, 11 Pacific.
the dual pipe is an operator designated as an or.
no offense taken suz
that’s funny. I am confused. I guess it feels like friday nite because I went out and celebrated St. Patrick’s Day.
He said he would be on 3x daily now 5, 7 and 11 (pst) I saw the 5 pm, and I saw the 7 come on before it was preempted for a soccer match and it is on my direct tv for 11 pm
FDL commenters != developers
:)
Um, I believe one of the basic reasons for the Big Shitpile (as Atrios names it), is that executives were allowed to write compensation packages which were 1) not connected to performance, 2) could not be rescinded and 3) were so enormous, in comparison to regular wages, that conniving, grasping, cooperative greed replaced any common sense and consideration of their shareholders.
Look, one hedge-fund manager made 1.5 BILLION dollars last year — now who wouldn’t fudge a figures for a reward that great, especially if the risk, in the Greenspan era was (as is) virtually nil.
Once again we get to the most basic regulation: the Rule of Law. If people are allowed to steal, they will steal, with greater frequency, and in ever-increasing amounts, until the house collapses around them.
aha… my brain was suffering from operator overloading
lol :)
Instead of 11:00 P.M. rerun in Texas, he is now on at 1:00 A.M.
That is a huge programming manipulation, considering that “Lockup} or other MSNBC violent programming is replacing the earlier rerun…
Helloo!!!
and 10 PM!
Yeah i feel out of sorts from the one mini sip of whiskey I had. Mr wobbs had his whisky and a black and tan, nachos (didn’t fee like cooking) and is sitting here with a perma grin on his face
? ;)
This is troubling? With everything else going on you are freaking out about KO being moved around? You seemed so serious at first but schedule changes??? It is amazing they let KO on the air in the first place. When Amy Goodman gets the boot get back to me. When Pacifica Radio and Democracy Now are scrubbed from the airwaves we can freak out.(Those should be prime time network shows). But KO????WTF my brother.
LA TImes obit says this (rest snipped):
This one sounds real.
tw-funny
good margot! well, not good about the migraine, but better than that ugly flu, it was uglaaaay. glad you’re good to go!
and i seriously doubt that olberman is being pushed around, he’s gotta lotta bargaining power right now. he knows that and they know that.
david gregory doesn’t even have any ratings to be measured yet, they aren’t gonna bet the barn on him yet.
LS is a sister, not a brother.
I spent almost 30 years in industries related to real estate lending. We saw the mini-version of this in the 80s, but no lessons were learned. Remember the Keating Five (ol McCain), remember Neil Bush and Silverado? When lenders lend to people with no income verification, nothing down, 120% loans to property values due to inflated appraisals, teaser rates that skyrocket a year down the road, what do they think is going to happen when the market slows and supply trumps demand? Everyone we know that is still in the business has been predicting this for five years. There has been absolutely no oversight. The CEOs, the BoDs, should be indicated for turning their backs on their fudiciary responsibility to their share holders, their employees and any borrowers that were deceived. They should rot in jail for this mess. Where was Congress, the lending regulators (not too many of them in this Administration), and the Fed? I listened to Paulson on the Sunday talk circuit. You could tell he was lying. I have never heard such evasion and hedging in a conversation in my life. There is much more bad news to come-just wait. Lehman may be next. I think Henry Waxman should be the next AG and should be let loose on everyone that served in the Bush Administration and worked on Wall Street.
Sorry
ph34r ternary
I tip my hat to Mr. Wob
Honestly, I give up. People don’t care that the press is being manipulated right in front of our eyes. The government does what the hell it wants. The economic wizards rip us off by the billions…..WTF?
I wish I smoked pot. I can’t take this crappola anymore. It is BS. It is a conspiracy, and it isn’t a conspiracy frikkin’ “theory”. It is what it is.
payton, part of what we do here in late nite and late late nite is chatting about the troubles of the day so that we can fight again tomorrow.
part of what we do here in late nite and late late nite is community building so that we are united for the bigger fights to come.
i think the switch is good for progressives – more chances for people to see his show.
KO!
the man can hold his alcohol, that’s for sure.
If I understand correcly, KO will be rerun at 9 p.m. CDT? (instead of 11 p.m. CDT) If so, I might actually see the show more often from now on. I have no reason to be upset about that.
I admit it, I’m confused? Why is the schedule change a bad ting when he will now be seen 3x a day as opposed to just 2x. Here on the west coast, he is still on at 5 and now at 7 (great more folks get to see him) and then again at 11 (for those of us that have long since given up on the local news..esp in a city where the lead off story is almost always about how many frapps Britney bought today)
No, don’t you understand…KO will be replaced by “Lockf’ingdown the series”….
I’m upset that KO is being marginalized and less likely to be viewed by gradually moving the schedule. If they suddenly removed KO, there would be an uproar, but by moving the schedule slowly, they lessen the ratings.
And, “my brother”, you better keep an eye on, as do I, that they don’t remove Democracy Now and more Pacifica Radio programming….
I’m with you, but you better recognize the subtleties of what is happening too.
nasa rules!!!111
I hope it’s not contagious… Whatever it is…! ;-)
But they get better ratings with KO as opposed to Lockdown and ratings = revenue
So I’m still confused
Having said before around here that Jim Cramer is an unfunny clown, I couldn’t agree more about them volumes. The people he shills for are crazier than he is.
Because now KO is in the middle of the night, when most people are sleeping.
I am sorry if I came across as rude. But there is a significant school of thought out here that programs such as KO’S(which I like) are part of the parameters that are allowed to delude us into thinking that we have a voice or a say about what is going on. Progressive thought such as Pacifica Radio, Amy Goodman etc. are disenfranchised and put out on the fringes. KO is one of the best but he still has corporate backing and therefore could be considered suspect whether he is aware or not. I am in no way dismissing anything LS or anyone else on this wonderful site has to say but I should be entitled to my opinion. I just don’t get what the hubub is bud? Now if he were taken completely off of the air I could see the response.
yeah, well, w3rd to Lockf’ingdown suxit
Thanks for your reply. I apologize if I sounded rude. We are on the same page here and I value your opinion and your posts, my sister.(sorry also about the brother thing)
ok wish fonts came with vocal inflections :) would make the mod squad’s job easier
what does some of that mean in English?
James Cayne
Chairman & C.E.O.
Bear Stearns & Company Updated
Q1/2004
George W. Bush
$2,000 383 MADISON AVE
New York NY
Strangely, he also gave to Dick Gephardt.
He ONLY comes on in the middle of the night or is one of his showings at that time/ When are the other showings aired?
does that mean he maxed?
KO
8pm (5pm pacific), 10pm (7pm Pacific), and 2am (11pm pacific).
I don’t see the problem… I see an additional airing, and I see his second show (missing by an hour) avoiding conflict with The Daily Show on the East coast.
Yep. Shrub protects his friends, I guess.
ls-
i see what you’re saying,
but i can’t picture ko being manipulated/mistreated/screwed without him throwing a punch…….or a kick…….or something.
and he isn’t, so far.
and he would be the one to know that, if he was.
so, wait until his next new show, and you’ll have your answer.
Hey Bro, no problem!!! ;>
No, actually, I am just concerned that programming that counters the shows like Morning Joe and such which are Republican slanted, such as most notably Olbermann..not go the way of being shown between the obsessive “lockdown”, “prison”, “sexual predator” shows…and end up aired when the least amount of possible viewing public can listen to his views as opposed to what we are bombarded with 24/7 by the rest of the media. I am for free media, not suppressed media, which is where we are likely headed as November approaches. Sigh.
Yeah newt. In terms of viewing ability a reair schedule works well like that. The initial airing is still in the prime time slot for the East Coast. If it was knocked into something not IN that block of time, or off air entirely? I’d worry. Particularly in terms of how stations usually work. Granted, most stations haven’t aired things well for years, at least on the News channels. MSNBC seems to be playing by the old rules for the moment, which is good.
That makes sense. I wasn’t thinking that way probably because it doesn’t affect my schedule. How selfish of me. In an earlier respomse to you I mentioned a Michael Ruppert book “Crossing the Rubicon” or something like that. Forgive me if you have read it but if not I highly reccomend it. It explains a lot of what is happening now. Many people dismiss him as a nutty conspiracy theorist but his credentials are valid and his ideas ring true. Scary stuff. Iy is much worse than many of us can possibly imagine. There is so much disinformation out there that the truth gets hidden. Got to go now, sleep is calling. Thank you for your understanding. Together we may find the truth and the way. Peace out as the youngsters say.
For what it’s worth I am not Payton I am Paytons Opa. Opa is a Dutch word for Grandfather. I am not Dutch I just lived in Holland for 3 years and fell in love with their culture.
On topic, check out Greg Palast’s latest: http://www.gregpalast.com/elli…..ts-nailed/
How much is this bailout netting CEOs?
I hope it’s not as much as Palast implies.
Actually I’m not sure this is really the case so far as negotiating to keep a loan performing is concerned. However, I’d need to review one or two of the Tanta UberNerd posts to know for sure. But my recollection is that the owner of the servicing rights can make some deals with borrowers, which could be enough to keep some of them from defaulting.
Also, many banks and such do still have some mortgages on their own books, e.g. Countrywide for sure, etc. They (as a class, not each bank necessarily) always did keep some for portfolio reasons of one kind or other; and the breakdown last year of non-Fannie/Freddie securitization also meant that banks are just plain stuck with loans they hadn’t expected to have.
Yet many banks reportedly have been as resistant as servicers to negotiate with borrowers. Some of the weak “Hope” this and that initiatives from the Treasury Dept. have really been directed toward getting banks to deal on at least those accounts that they do hold, and that are likely to fit into a new-standard refinance, so presumably such deals had not been getting made before.
Also, there is Bernanke’s call a couple of weeks ago for lenders to get started on the inevitable business of writing down the principle value of troubled loans, where the problem is the underwater borrower who can reasonbly be expected to perform in a loan that reflects current values. That, too, suggests that banks have been sluggish even in doing what they clearly have contractual rights (some would say obligations) to do.
I think some of this has been strategic, maybe some kind of high-concept game of chicken some bankers have been trying to play with sources of public money like the Fed, Federal Home Loan Banks, Congress, state legislatures, … to avoid having to write down what they’re still holding. I think it has backfired in that none of these entities has really played along, maybe because the problem is so much larger than their standard funds.