But maybe there is no such thing as smart money anymore.

Hasn’t the advice from lib blogs for the past year or two been to get out of cash & stocks and into commodities or out altogether? I think the people still in now are either very confident of their abilities to navigate very difficult waters or they’re just risk-takers by nature.

The succeeded and joined Spain in Latin America,

John McCain might not understand, but would laugh a little anyway.

My friends, John McCain thinks the Iberian peninsula is where teenagers go to party on the coast of Mehico.

The central question of the bailout is, come January, would you want Phil Gramm-arse’s hand in the $7 billion cookie jar with no oversight or accountability?

Oh Hell NO.

No index cards at the debates, right?

John McCain is sooo old he thinks 3″x5″ cards are high tech.

They will get a token of no account out of the deal.

if they hold true to form, they will do all that you describe – and also tell us that they’ve been able to negotiate real oversight and re-regulation.

it will be up to us to look behind the nice words and see what the deal really says.

…. but there’s always a chance that we can make a difference, and for that reason as well as for the sake of millions, i will hold onto my bit of hope until and unless it is proven to be wrong.

Bush/Paulson will hold firm and the Dems, if they follow true to form, will collapse by Friday. They will get a token of no account out of the deal. Something like a promise from Paulson to give 3 reports a year rather than just one on the “progress” of the massive redistribution of all the remaining wealth of the country from the bottom to the top.

Mikulski is ranting about Financial Potentates on CSPAN2.

Even a blind pig finds an acorn occasionally.

Mikulski is a jerk.

all of this is deja vu step by step. they are gaming this the way they have gamed every other issue.

oh except for one feature: they are trying to get out in front of the lawsuits this time by preemtively quashing them from the start ~ that fight for telecom immunity was really to long and hard. they won’t make that mistake again.

i am beyond disgusted.

Years before, IBM had made a cross-license agreement with Canon to share laser printer patents. Canon actually made the laser printer cartridges for HP, so Lexmark decided to reverse engineer HP’s most popular printer cartridges, tool up all original parts, and sell them in competition to HP. I was directly involved in reverse-engineering many of these cartridges and working around Canon patents that were beyond the cross-license.

The economic reality of the computer printer business is that the real cash cow is the replacement cartridge market. Lexmark advertised 100% new compatible cartridges for the most popular HP LaserJets, guaranteed to have equal or better print quality and reliability, equal or greater page yield and a 10% lower price.

HP’s response was to lower their price to meet our’s, so we would cut our price again, and down and down the prices spiralled. Now, just as the current financial crisis is in large part due to being over-leveraged, HP never figured out that they were hurting themselves far more than Lexmark by getting into a price war with us.

Lexmark’s compatible cartridges probably never enjoyed more than 10% market share, so for every dollar HP denied Lexmark by lowering prices, they lowered their own profits by $10 — or much more. I don’t think they ever figured it out, and we had a good laugh at their expense. Lexmark made a profit on the HP compatible business while gutting HP’s bottom line at the same time.

And Carly Fiorina — HP CEO and Chairman while much of this was gpoing on — is advising McCain on economic matters?