If McCain can so easily and readily lie to you without blinking, how can you believe him when he tells you ANYTHING! You can’t. A man’s word is his bond. You just can’t trust McCain to be honest, nor his running mate Sarah Palin; they lie about their lying!

John McCain — ”he walked the anti-regulatory party line, with only occasional exceptions…and tried to lay down a smokescreen of righteousness by campaigning against small potato[e!]s like legislative earmarks–money to study the mating habits of, uh, crabs, in, uh, Alaska (proposed by Governor Honorable).” Joe Klein

he walked the anti-regulatory party line

Yep, I think it would be very informative to line up McCain’s lobbyists on staff (campaign operatives) that have lobbied for financial companies and show just how much each of them has done to roll back the oversight that might have lessened the current crisis.

Good morning BT!

I’m enjoying my fundamentally strong coffee this morning. The “fundamentally strong” economy, not so much.

Guess blind pigs really can find acorns, at least once in a lifetime. Read the NYT op eds this a.m. and find myself (mostly) agreeing with Brooks! Had to take to my bed again until the vapors passed.

Excellent time to remind the country that LYING HAS CONSEQUENCES. Whereas John McCain aspires to become the nation’s “Liar-In-Chief,” he has put himself squarely in the cross hairs.

This financial disaster is epitomized by AIG’s portfolio of credit default swaps and derivatives. The Republicans OWN this market boom AND subsequent bust. They own the lies that led to the boom, and the deregulation that led to 30-to-1 leverage and derivatives risks (supposedly) offloaded into the stratosphere, all of which are rocketing back to earth today on AIG’s balance sheet. Mr. McCain’s party of liars, shills and thieves OWNS the fleecing of America – and the pending Greatest Depression.

The Real estate bubble was blown up by the Republican philosophy – “selling the lie.” The stock market bubble was all based on “selling the lie.”

There is no “market.” It’s ALL a lie. When AIG has to sell its assets at fire sale prices into the real economy, the rest of Wall Street will be forced to value the assets held on its books at REAL market prices. Inflation is history, deflation is upon us.

Stamp McCain’s forehead with the title he has earned:

“LIAR”

”We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.”

Karl Rove

It works until the co-conspirators turn on each other in a frantic rush to get their “money” out of the “market” when the music stops.

Gameoverville, Karl. Gameoverville.

I really do love having these early morning swim sessions, helps get the day going in a fundamentally strong way, which is something I need these days. Thanks to all the Firepups that sent their condolences, they were deeply appreciated!

(((noonan)))
thinking of you

BTW – if someone can explain to me what happens if/when mortgage holding institutions file bankruptcy, and no one buys them out, how does that impact the home”owners” – the people that took out the mortgage in the first place?

Obama is going to be here this morning. Tried Sunday and Monday to get tickets and got my name on a bazzilion lists all to no avail. Oh well.
When in college I never missed a football game until a friend told me – just put concrete blocks on the living room floor, invite over some friends, pour cokes down our backs, throw a hundred dollar bill out the window, sit on the blocks and have the best seat in the house. Guess thats what I will do today.

Imus Show talkin’ about moose-gutter Sarah Palin…Mr. S. says the animal in the picture is a caribou.

Hey, I’ve gutted an antelope and field dressed it…do I get to be Secretary of State?

Somebody will buy the good debts so it does not affect your mortgage. You just have a different owner.

In brief ;) what was his point?

Here’s to hoping things are returning to as normal as they can be for your family.

Biden very good on Today…had not even seen him in awhile.

He was on quite a few clips yesterday. Seemed to be really on fire. He was very much on the offensive.

I’m surprised Biden’s back. Thought he had retired after the D convention.

All the mortgages held by the company go into the bankruptcy court proceedings. The people who took out the loans still keep making their mortgage payments, and the court figures out who gets that money. Sooner or later, the mortgages will be sold to others, and they will contact everyone to tell them where to send their payments in the future. That will take a while, but eventually it will happen.

Bottom line for people with loans: keep making your payments, and watch your mailbox for changes in where you send your payments in the future.

You forgot the /s. He was ou there it was just that the MSM herd was all over Palin.

Here’s him speaking yesterday on McCain’s fundamentally strong economy

What does imus have to say about palin/mccain these days?

EPUd

“Still, stealthily, under cover of the blinding noise over Lehman’s demise, the Fed has introduced a new book of tricks aimed at prolonging the model for a while longer, no matter that it’s obviously dead. And Bernanke, in order to achieve it, has resorted to illegal practices. He’s “drawn a line” all right, but not the one you think.

Banks can now get loans through the Fed’s newly enhanced “permanent emergency” credit windows, and pose as collateral equities (stocks) and even your deposits. Yes, you heard that right. That is the condition underlying Bank of America’s purchase of Merrill Lynch. BoA can -and will- use the money in your bank account to continue Merrill’s activities, the same ones that led to Lehman’s death: securitization, swaps and derivatives.

That is one frightening development. And so, for that matter, is accepting stocks for T-bills. What if those stocks plunge, as so many are doing lately? What if companies go bankrupt? In the end, through the Treasury, it’s once again the taxpayer who’s going to be presented with the bill.

You would think that the central banks and Treasuries in the world would see the light and the signs on the wall, and refrain from putting even more of the people’s money at risk. You need to think again.

Central banks today are pumping credit like mad into the markets. Like all similar actions in the past two years, it will not save anything, or make any difference other than that the system gets to roll on for a few more months. The system cannot be saved, but it can still suck more profits out of the public purse. If this is not perverse, I don’t know what is.

The exact fall-out from Lehman’s downfall won’t be known for quite a while; nobody really knows what assets they have, nor who are the counterparties to all the bets they have outstanding.

Besides the obvious big US candidates to fall within the next few days, and it looks very much like that is the new timeline we have to watch, such as AIG (down 50% today), WaMu and Wachovia, there are two other fields to keep an eye on.

Smaller US banks, many hundreds of them, are exposed to -potential- dangers that will start to take down victims at an accelerating rate. What I think may be even more susbstantial when it comes to impact, is the pressure on banks and other financial institutions outside the US. UK banks got hit badly today, and the same happened all over the European continent.

Wherever you are in the world, there are no safe banks anymore. When you hear a government spokesman or bank CEO talk about their banks and banking systems being “well capitalized”, don’t believe a word they say.

There are incredible amounts of losses yet to come, far more than we’ve seen so far, and they have all, to one extent or another, had their sticky fingers in the same cookie-jar.”

I did a routine Windows update yesterday which seems to have eliminated any sound devices on my computer, so I can’t listen to your clip, but thanks. I’m waiting to hear from my computer consultant on how to fix it, unless someone here knows what to do.

If it’s paper, it’s going to be worth-less, OR, worthless.

There’s not going to be any election.

The entire economy is crashing.

Google: “END GAME”

Got ammo?

Sweet Sarah gutted a moose..probably Bullwinkle. The rest of her slimy clan, the ‘Republican Party’ gutted America.

How long before the crooks, thieves and liars and their fellow travelers in the Republican Party and the corporate media begin jumping out of windows?

Not soon enough.

Props to Tony Powell on the Imus Show this morning.

Pay attention to the issues, people, not the idiocy. Learn these candidates’ stands on issues before you vote.

Amen, brother.

Eight years too late. :-(

And on that quite nasty response, I pull away for the morning. Here’s hoping all of us better days…….sometime.

Not soon enough. I say round up the usual suspects and throw away the key.

Ask Karl Rove when the next terror attack is scheduled for. He knows.

I found this 45 second Youtube which I think sums up the current predicament PERFECTLY.

http://www.youtube.com/watch?v=F0QTar0MEwc

They jump with their golden parachutes to the Cayman where they lolly gog about on their yachts beyond the reach of the people.

ALA’s “critical” look of media coverage on the Palin/Wasilla library director incident.

Journalists and bloggers scrutinizing Sarah Palin’s record of public service have made national news out of a 1996 library incident in Wasilla, Alaska. . .

Yes, and why is that so uncomfortable for you?

June Pinnell-Stephens, chair of the Intellectual Freedom Committee of the Alaska Library Association, was quoted in the September 4 Daily News as saying she had no record of any books being censored in the Wasilla library nor any conversations about the issue with Emmons, who was president of the association at the time. But she did recall that Palin “essentially forced Mary Ellen out. She all but fired her.” Other librarians began criticizing Palin on the “Librarians Against Palin” blog, which was formed after the 1996 story resurfaced. Discussion also erupted on the electronic discussion list of the American Library Association’s governing Council and quickly turned into the kind of political debate that ALA’s 501(c)3 tax-exempt status prohibits. After the ALA executive office cried foul, the discussion was moved to the electronic list of the ALA–Allied Professional Association, whose 501(c)6 tax status permits arguing for or against a candidate for elective office.

But it wasn’t really about a candidate, was it? It is something that is the central to librianship, e.g. freedom of information.
Honestly the ALA pains me with its timid crap. It’s not as if they haven’t joined forces with the ACLU before. Right wingers may call that “partisan” too.

Christy’s upstairs with a new post…

Mornin All,

was doing a little surfing to check on CalPERS (lg and influential CA public employees retirement entity)

they have posted losses of $30B since June – a 5% loss. They have a little shy of $250B in assets, but I don’t know whether to believe their “we’re gonna be fine” patter

but what really struck me – Sacramento has 7.3% Unemployment. 1.3% above the posted Nat’l average – wha ? Even outside the State/Fed Govt. sector, Sacramento had diverse and usually healthy employment- weathering storms in the past, always higher than Nat’l figures –

getting that canary in the coal mine feeling here

Christy upstairs.

Snippets from librarians against Palin.

Stuart told PolitiFact that in a conversation with Emmons after his article ran, she listed three titles. He said he could recall only two, and initially said they were I Told My Parents I’m Gay and I Asked My Sister. We looked for these titles; they don’t appear to exist. . .
Virtually every book store in Wasilla refused to sell it.

(The author) Bess said he gave two copies to the Wasilla Library, but they quickly disappeared. So he donated more copies.

The controversy over the book was part of the context of that time period, he said. “Knowing Sarah’s religious connections and the people involved, I would be surprised if my book was not one of those at issue,” Bess said. “But I don’t know that for a fact

Has there ever been a psych eval released by Cheney in his medical records? He is one paranoid, messed up dude. I’ll bet he has nightmares every night. Suitcase nukes, bio weapons small enough to hand carry, danger, danger, danger.

Either that or he’s a congenital liar.

just in case you stop back to this epu-ed thread, imus says he’s voting for mccain and hoping he keeps breathing…also says mccain is insane. less and less imusnark in that tone. Was not a giggles’n’grits show this morning. The economy’s comin’ home to roost….

Repeating my 27 that Tony Powell gave a super commentary on Imus this morning about ending the infotainment and giving us real information about the issues so voters can make informed choices.

Telling to me that was on. The demand for issues-based reporting is growing stronger and stronger.

Well, Brooksie is never brief, but the gist is he, somehow, isn’t sure Palin is really qualified to be vice president. He seems surprised at his own discovery. But I put it down to the last vestige of honesty popping out despite his best efforts.

Sounds like the other dick (Armey that is) is now trying to rehabilitate his reputation. Dick, please spare us!