Ot EPU

Pales the Ass God, from which we get Palestine Pales land and the Palatine hill in Rome? How far did culture spread in ancient times?
Is this all Indo European Aryan/Iranian myth or are we talking Linear b, Etruscan and Basque?
How many Nazi’s know that Iran is just a variant spelling of Aryan:)

but those insurance companies that are not insolvent have mortality tables which say it’s likely we’ve got another 4 years, 1 month to make fun of Rush Limbaugh

A Link would be Cool:)

Does anyone have a record of Rick’s predictions for the Market before the bailout? I love CNBC business stock predictions I normally invest the other way the herd effect is only for day traders buy before the herd and then sell as they buy.
I am not quick enough or connected enough to do that Wallstreet insiders get to place trades before normal folks.
I don’t play rigged games government contracts under Bush same thing researching the best companies does not work its the connected who get the contracts.
CNBC are paid hacks and they actually were the GOP channel way before this the MSM is just noticing this.
Watch CNBC ANYTIME the entire network is a paid GOP commercial

Rick has a point lets have a web site vote on a home owners bailout. But first lets vote on the bank bailout, AIG, the big three bailout? CNBC recommended buying the big three stocks how often?
Green Hybrid Car tech was put down how often on CNBC? How often was the myth that Toyota loses money on every Prius made given the amount of Priuses made Toyota should have lost how much?
How ofte

CNBC had Maxium Bob of GM on for a no tough questions interview how many decades has GM stock gone down since the 70’s?

Try getting green business coverage on CNBC

Wind industry jobs jumped to 85,000 in 2008, a 70% increase from the previous year, according to a report released Tuesday from the American Wind Energy Association. In contrast, the coal industry mining employs about 81,000 workers. (Those figures are from a 2007 U.S. Department of Energy report but coal employment has remained steady in recent years though it’s down by nearly 50% since 1986.) Wind industry employment includes 13,000 manufacturing jobs concentrated in regions of the country hard hit by the deindustrialization of the past two decades.

http://greenwombat.blogs.fortu…..-industry/

Cramer recommended Coal stocks how often during the Bush years?

Look at Vestas wind systems click the 10 year google finance chart even with the losses thanks to Bush the growth is incredible because its based on jobs, high paying jobs.

http://www.google.com/finance?q=PINK:VWSYF

I expect that after Obama gives out the cash to green companies it should go up higher.

CNBC recommended Green stocks how often? Google still won’t give Vestas a full chart with PE ratios etc its almost like the Man gave the Word to keep the Green Down!
Solar World from Germany same thing is it only foreign green stocks or all of them?

I want a business channel that will say Sell once in a while!

I want the option to get basic cable without CNBC, Fox News, CNN!

stewart did an amazing job, the only thing he missed was that the santetlli rant was a scripted

Morning all,
Sittin here with the idiot tube on interviewing Paul Begalla. The topic being what else, Rush Limpballs. Question by Anderson why are they talking about Rush at the WH. He then goes on to ask why after being asked by a reporter about Rush was Gibbs talking about Rush. WTF the reporters keep asking him and then he is accused of ………….. answering. Stupid idjut

Allen Stanford

Venezuela seized a local bank owned by Allen Stanford on Thursday to stem massive online deposit withdrawals as the impact of a US fraud case against the Texan billionaire spread through Latin America.

http://www.telegraph.co.uk/fin…..-bank.html
.

The criminal US financiers took billions from the Venezuelan bourgeoisie in their “mortgage-backed” securities Ponzi scams in which the securities were never backed by mortgages; in their Stanford-type “certificate of deposit” Ponzi scams in which the deposits were never invested in any financial markets or productive enterprises; in their Madoff-type “stock market” Ponzi scams in which money was never invested in any stock market; and in their “FDIC” type scams in which millions of dollars of Venezuelan money was herded into so-called “safe” and “insured” bank accounts in US banks that were, at the same time, being looted by the criminal financiers, leaving only the insured amount of $250,000 to be later disbursed, after often as much as $25,000,000 had been deposited by the rich of Venezuela.

http://www.vheadline.com/readnews.asp?id=77907

Is that anderson cooper? Hadn’t watched him in donkey’s ears ’til I did the same as you recently….catching early morning rerun. Wanking, forkin’ @ sshole! Won’t make the mistake of listening to *him* again. :-( Pardon the language but I’ve had about as much of these bloody twits as can be stomached in one lifetime.

It is important to remember that the IRI at the time was chaired by the current Republican presidential nominee, Senator John McCain, who insists that, during his 13-year tenure in that position, the board has played a very active role in coordinating IRI activities (a claim that has been verified by a former IRI staff member). In 2000, the National Endowment for Democracy gave the IRI $50,000 for its program activities in Venezuela. The following year, the one leading up to the coup attempt, the NED would nearly sextuple its investment in the IRI’s Venezuela projects, furnishing the “democracy-building” organization with $340,000. Another grant was given by the NED in 2001 to the American Center for International Labor Solidarity (ACILS), which is linked to the AFL-CIO; the ACILS grant was for $154,375, a 250 percent increase from the $60,000 grant in 2000. The NED also provided a grant worth $210,000 to the National Democratic Institute (NDI), the Democratic Party equivalent of the IRI, to fund work with the social movement Momento de la Gente.

http://www.coha.org/2008/08/th…..venezuela/

My bold The American Banking Crisis is hurting GOP supporters world wide who invested in Allen Stanford and other American Ponzai schemes.
The anti Chavez movement is hurting for cash.
John McCain’s IRI is going to have a hard time getting recruits now that the middle class and rich in Venezuela are going to be needing Hugo’s free healthcare:)
Obama needs to get rid of the IRI the President should set American foreign policy not a bunch of rich white guys like John McCain.

If a kid robs $75 from a convenience store he is carted off to jail but clowns like Madoff and Stanford, who ruin lives, are allowed to hang out.
Something is terribly wrong.

Anderson is a tool.

Yeah, He wrinkles his brow and thinks he is serious shit.

Agreed Bail and punishment should be adjusted for income. Example I get a speeding ticket $100 bucks or whatever it is now hurts.
Bill Gates gets a speeding ticket where is the deterrent effect to stop future speeding from Bill Gates?
Imagine speeding tickets that only cost you a penny would you speed?
Guys like Allan Stanford have no fear of punishment for their crimes!
This is not class warfare this is about stopping crime…and paying for all the Debt Bush left.
Steal $5 bail is what steal, $75 bail is what? Now lets scale that bail up to a million!

Wanking, forkin’ @sshole!

Beloved Waccamaw,
Though this is ever so delicately stated, I fear you now must apologize to Wanking, forkin’ @ssholes every where for putting him in that category.

Good morning all. Thanks for the John Stewart, Attaturk. Great stuff.

Probably why Rick bailed on Jon. I bet Jon is saving that if Rick comes back:)

Welcome to the New World Order

Economists being arrested for speaking the truth

The latvian police arrested the 32 year economist, Dmitrijs Smirnovs for his public analysis of the state of the country’s 26 banks and implications for the Latvian currency LAT which he expected to be devalued. The response of Latvia’s state police is reminiscent of the dark days of the USSR when the truth was only uttered in the confines of ones homes and any public announcements that did not tow the state line were met by arrest and a summary one way trips to the goolag.

http://www.marketoracle.co.uk/Article7657.html

Subprime Eastern Europe to Bankrupt Western European Banks

The long ticking time bomb of Eastern European debt is starting to explode with an even greater inevitability as that of subprime mortgages exploding in the United States, as at least in the United States the determining factor of whether or not the mortgage market would go bust is the state of the US housing market. With Eastern Europe the big and obvious question mark that has been raised many times long before the housing markets peaked and the stock markets crashed was the degree of borrowing by Eastern Europeans in foreign currencies that set the borrowers up for the ticking currency time bomb when the forex trends reversed against them would send the value of debts soaring in the domestic currencies thus pushing for example the housing borrowers into negative equity WITHOUT A FALL IN HOUSE PRICES.

The situation has reached such a crisis point in Latvia that anyone that reports on the truth is being arrested by the Latvian security forces as an omen that economic turmoil means a return towards tyranny as I wrote of in early December 08 – (Latvia Protects its Banking System by Arresting Economist For Speaking the Truth),as the Latvian secret police arrested Dmitrijs Smirnovs, a university professor for delivering gloomy forecasts on the prospects for the Latvian economy and the state of the Latvian banking system.

http://www.marketoracle.co.uk/Article9241.html

geeez, ons -

If I’ve gotta apologize to all of them everywhere, there’ll be no more time in my life to do anything else. *G*

Must remember to catch rerun of JS at 10:00 this morning; dial-up has been known to sux.

Anssi Vanjoki, 44, has been ordered to pay a fine of 116,000 euros ($103,600) after being caught breaking the speed limit on his Harley Davidson motorbike in the capital, Helsinki, in October last year.

http://news.bbc.co.uk/2/hi/europe/1759791.stm

With this system the states like California could pay all their debts real quick:)

The question being: what kind of tool? ;-)

“Obama administration goes after cable chatter”

http://www.ajc.com/opinion/con…..nform_artr

FWIW….. given authorship by an “AP TV writer”.

There is ample evidence of lots of criminal activity on wall street and conspiracy.

Why are these companies and their management not being put on trial?

Fraud IS a crime.

Will we get accountability or what?

Let the punishment fit the crime.

Some of this punishment should be outsourced to China.

Jon Stewart is a genius.

Bought and paid for by the GOP? The kind of cheap wrench that strips bolts and slides when you torque on it and leaves your knuckles bleeding?
The kind hack building contractors buy for workers to poor to buy their own tools?
Something Fermilab says use once and throw away (because work at Fermilab leaves tools radioactive metal holds radiation better than flesh I think)
Cheap, fails under pressure, favored by hacks, radioactive

.
What is this “CNBC” of which you speak?

I only watch the Best Blogs In The Universe, so far this week. We’ll get to Kemal-bey soon. This week it’s that Jane girl, and some others.
.

Watch OZ an HBO a Prison Drama I want the Bankers in General Population WallStreet would be crime free after the first letters the bankers send home:)

Yup. He’s really scary. Luckily he’s on our side.

OT

Earlier Thursday, regional newspaper Rheinische Post said Opel might cut 7,600 jobs in Germany alone.

GM Europe President Carl-Peter Forster said in a media interview Wednesday that Opel needs to cut 3,500 jobs to offset falling income.

He said Germany would have to aid Opel with EUR2 billion to EUR3 billion by 2014 of a combined EUR3.3 billion if the governments of Spain, U.K. and Belgium also take part in the rescue of all Opel facilities.

http://money.cnn.com/news/news…..RTUNE5.htm

So GM is downsizing and asking for money in the US and Europe the places that up until recently were they actually make most of their profits.
But they are not asking China for cash? WTF

But they are not asking China for cash? WTF

China has, however, offered to buy them.

EmptyWheel needs to explain the logic on this after all if GM gets small enough just in America then they lose their ability to ask for bailout money.
If GM wants to keep jobs in China why are we bailing them out again if they are cutting jobs here?

Rally link are problems are solved just get them to buy the whole company:)

Sorry Rally should be really

Germany and Solar

Usually, Jon Stuart is polite with guests, even those with whom he disagrees. Every once in a while, like with Chris Matthews, he focuses intently on the jugular. I got the impression Santelli might have been involved in one of those interviews, if he had chosen to participate.

Sorry for my 38 The German government and Solar World were talking last year about buying GM in Europe. Buying GM would be cheaper than bailing them out but maybe GM won’t sell?
The benefit of buying them out is you get rid of GM management.

SolarWorld’s offer to General Motors is no joke. The German-based solar-power company is serious about wanting to purchase GM’s Opel division, SolarWorld CEO Frank H. Asbeck said Thursday morning on German radio.

SolarWorld announced on Wednesday that it’s in the process of making an offer to General Motors for its Adam Opel (aka Opel) division for about 1 billion euros ($1.3 billion).

http://news.cnet.com/8301-17912_3-10103725-72.html

Good morning, pups. It’s Collins, Cohen and Kristof today. Ms. Collins, in “The Rant List,” says that lately the unfairness bulletins have been coming so fast and furious that there isn’t time to get upset about all of them. Prioritization is essential. Mr. Cohen says “One France is Enough,” and that President Obama, in his restorative counterrevolution, must be careful to steer clear of his French temptation. Mr. Kristof writes about “A President, a Boy and Genocide.” He says Omar Hassan al-Bashir’s response to his arrest warrant was to expel aid groups. In effect, he is continuing the killing of the Darfuri people who rely on aid workers for food, water and health care.

Here they are.

The coffee, tea and hot chocolate are ready, and I’ve got waffles with warm maple syrup. Peering into my crystal ball (the Weather Channel) seems to indicate that we might start getting a bit warmer by the weekend. Not a moment too soon for me… Have a great day.

TDS was the most amazing compiliation I’ve seen in a long time. Should go viral. Some group should get together to buy an ad on CNBC to show it there.

Aren’t the girls a little old for a swing set?

Talk about a case of false bravado! Just about everybody who watched the recent Comedy Central book interview of Chris Matthews by Jon Stewart about Matthews’ book, “Life’s A Campaign,” agrees that it was complete disaster for Matthews who exclaimed at one point, “This is the worst!” The opinion that Matthews came off horribly is almost universally shared by all observers whether conservative or liberal. However, Matthews himself is now claiming that everybody else is all wrong about that interview as you can see at the tail end of an Examiner.com article about the 10th year anniversary party for Hardball:

On a side note: Matthews was overheard discussing his Tuesday appearance on “The Daily Show,” which featured a heated exchange with host Jon Stewart. According to one source, Matthews was steadfast in his belief that the debate left Stewart crestfallen, and Matthews victorious.

http://newsbusters.org/blogs/p…..tewart-cre

Jon Stewart Tweety at the link

General Motors Corp. says its auditors have raised substantial doubt about the company’s ability to continue operations.

The troubled automaker revealed the auditors’ concerns in its annual report filed on Thursday.

GM has received $13.4 billion in federal loans as it tries to survive the worst auto sales climate in 27 years. It is seeking a total of $30 billion from the government. During the past three years it has piled up $82 billion in losses, including $30.9 billion in 2008.

http://www.google.com/hostedne…..AD96NREQG1

This is in addition to the cash to retool GM to make green cars?

Sorry my 45 was not a reply to eCHAN

Are there any business shows worth watching? Are their any shows that tell you to sell?

Yup. He’s really scary. Luckily he’s on our side.

a few years ago i rushed back to boston from a big anti-war protest in nyc (via the fast train) to see stewart perform live. he had a few jokes about us crazy protesters which made me laugh my ass off. it was then that i knew for sure about the genius bit – because he could make me laugh at myself and not just that, but something that i cared deeply about and had just spent the day engaged in.

we humans are so absurd and it’s a real gift to make us see that and laugh – not just with highschool put-downs but in a life affirming positive way. a real gift.

Aren’t the girls a little old for a swing set?

hope i’m never too old for a swing. *g*

I wondered what retooling GM had to do with the WH swing set. (Ooops, good thing I didn’t type swinging set.)

I think some of those losses have come from buying out employees from their legacy costs.

There are no business shows worth watching that I know of. Bloomberg’s cable TV channel used to be a bit better (haven’t watched it in long time) because it stuck to the facts and didn’t have much of the showy crap. CNBC was not good back in the day when I was on, but it’s orders of magnitude worse now. Absolutely no command of the obvious.

What kind of swinging do you like? *g*

New swingset??!!??? Where’s the fiscal responsibility here?? This is an outrage.

In what one company official said was “off-the-charts good” business, PennyMac buys troubled mortgages from the government (which got them from failed banks) at rates like 38 cents on the dollar. Then it offers the beleaguered homeowners a chance to refinance at far more favorable terms. PennyMac makes money, the homeowner gets an affordable mortgage and the government gets a share of the profit.

Everybody’s happy! Except, of course, those of us who helped come up with the other 62 cents on the dollar.

http://mgpaquin.wordpress.com/

I can’t believe the ex head of Countrywide is Not in Jail for Fraud, Still in the home business, and that he is doing business with the government!
President Obama this looks bad! Stop all contracts with this Twerp now.

They are.

BTW, I’m only a small bit into Kill Khalid, Saturday’s book salon, and it’s really good. Even if you know a lot about the Palestinian situation, you’ll learn a lot more from the book. For example, the way oil wealthy Kuwait semi-supported Palestinians (now 20% of the pop), esp the PLO, was a connection I was unaware of. They did not integrate them, however (sound familiar>), and the Palestinians separate schools became hotbeds for both secular and religious nationalism.

There are no business shows worth watching

I thought as much just thought I’d check. I do watch Cramer to see what the herd beasts are doing though. They effect the market but not in a way I can profit.
See my 3 for more.

i’m probably too boring to give you an “interesting” answer. hammocks are good, rope swings over water (so one can let go and go for a swim) are exciting and even just the plain kind are fun.

Only Jon Stewart could give a Rick Santelli rant but WITH REAL FACTS! Love it.

I can’t get into hammocks. I had one on a stand that was too much of a paid for cutting the grass. I stored it for over a decade, then tied its mouse eaten remains between 2 trees last summer, but it doesn’t suit me. Rope over water would be good, but the river by my house is too shallow and muddy.

My problem with swing set are that the swings aren’t big enough. The kind with a stand over 10 feet high that we had in my blacktopped elementary school playground, now they were worth swinging on!

Every Dad should build their kids swing set with the kids standing around asking every 5 minutes when are you going to be done.
GM building a swing set Nooo Unsafe At Any Speed

http://en.wikipedia.org/wiki/Unsafe_at_Any_Speed

fyi at oxdown: Hearing List for Thursday, March 5, 2009

Geithner is back on the Hill today to testify before the House Budget committee. I think I’ll pass. Dodd’s Senate Banking committee’s hearing on AIG might be interesting, and Eric Dinallo is one of the witnesses (he is the superintendent of the NY state insurance dept who threatened to regulate CDSs as insurance last year). Warren Christropher, James Baker and Lee Hamilton are scheduled to testify before the House Foreign Affairs committee on “The Role for Congress and the President in War: The Recommendations of the National War Powers Commission” – sounds interesting but I can’t stand the committee chair, Howard Berman. On foreign policy there is also Zbigniew Brzezinski and Brent Scowcroft testifying before the Senate Foreign Relations committee on our Iran strategy. I’m interested in seeing how dead the war on science is, so checking out the hearing on science education with Bill Nye and Harold Pratt at House Appropriations might be of interest.

Hear, hear! You’re never too old to try to touch the sky on a swing.

We lived on a hill with big oaks we had a 100 ft rope swing from a tree

oh, lying in a hammock in the shade on a summer’s day. listening to the birds if its morning or the buzz of insects if it’s midday. a good book and a cold drink. heaven.

i am so hating winter right now.

Me too Selise. We want some spring!

Been there, done that, it’s not for me.

WRT CDSs, I’m not sure if I’ve remarked here what a great read Greenspan’s memoir is. I would normally not read it for obvious reasons, but the prez of SUNY-NP put me onto it for the following reason. You know the phenomenon where a corp erects a magnificent building to itself at the peak of its power, just before it’s about to drop into the dust bin of history? (NYTimes bldg on Times Square, opened last year, is the most recent example.) Well, Greenspan’s memoir is his analogue. He waxes romantic about how CDSs are the salvation of an unregulated financial system. Other passages of equally amazing blindness to the way the system really works. I must read in small doses, as it arouses great emotions, anger and giggles alternating.

That’ll teach you to skip Hootie Hoo day.

Santelli is a typical corporate-hedge-fund-stock-broker-whore who has a big mouth and not much substance. He would have gotten his clocks cleaned if he had appeared on Stewart’s show and the smarmy Santelli knew that.

Oh yes! The Whores act all tough on the outside down there on Wall Street, but put them in a ring with SOME FACTS and they will cower like little girls scared of a thunderstorm!

Rush wants to debate Obama? I see he wusssied out on Campell Brown when she asked him to deabte her.
http://www.huffingtonpost.com/…..71950.html

That guy is a great big fart. And I know farts.

Sounds like Rush. he’s an attention ho’. “Look at me! Look at me!”

I haven’t been here lately as much as I like. So, forgive an OT question. For those of you that understand the Senate better than I, I have a question. Regarding the omnibus budget with all the earmarks, can a Senator volunteer to remove an earmark he placed in the budget? With all the repubs and a few of the dems complaining about the size of the budget, can any of them say “Remove the 50 million I asked for”?

G’Morning swingers

.
Here’s WJ
7:00 LORI MONTGOMERY
Washington Post
Staff Writer
washingtonpost.com

Topic: Treasury Secretary Geithner Wednesday testified before the Senate Finance Committee on President Obama’s FY2010 budget proposal. On Tuesday, he appeared before the House Ways & Means Committee.

7:30 RICHARD WOLF
USA Today
Washington Correspondent
usatoday.com

Topic: Today’s White House Summit on health care.

7:45-8:00 MELODY BARNES
Remote White House Domestic Policy Council
Director
whitehouse.gov/administration/eop/dpc

Topic: Preview of the White House Summit on health care.

8:00-8:30 REP. PHIL GINGREY
R-Georgia, 11th District
GOP Doctors Caucus Co-Chair
gingrey.house.gov

Topic: A Republican perspective on health care reform. Rep. Gingrey is a former obstetrician who is on the health subcommittee of the Energy & Commerce Committee & chairs the Republican Conference’s Health Care Reform Policy Subcommittee.

8:30-9:00 RYAN DONMOYER
Bloomberg News
Tax Reporter
bloomberg.com

Topic: The Senate Permanent Subcommittee on Investigations held a hearing Wednesday on UBS, the largest bank in Switzerland, agreeing to divulge the names of Americans whom authorities suspect of using offshore accounts to evade taxes. Treasury Secretary Timothy Geithner indicated Tuesday the Obama administration would support legislation to stop offshore tax haven and tax shelter abuses.

9:00-9:30 Newspaper Articles/Phones

9:30-10:00 SUDEEP REDDY
Wall Street Journal
Economics Reporter
wsj.com

Topic: Hearings today in the House and Senate on federal assistance to insurer American International Group (AIG). Our guest will discuss the government investing another $30 billion in addition to the previous $140 billion, as well as the future of the company & potential government regulation of the industry.

i’ve read most of greenspan’s hearing testimony on otc derivatives from the ’90s (i tried to read it all, but there was one hearing transcript i couldnt’ find and i may have miss some other stuff). i’m kinda OD’ed for now.

I lived for about a decade, on and off, in France and later moved to the United States. Nobody in their right mind would give up the manifold sensual, aesthetic and gastronomic pleasures offered by French savoir-vivre for the unrelenting battlefield of American ambition were it not for one thing: possibility.

You know possibility when you breathe it. For an immigrant, it lies in the ease of American identity and the boundlessness of American horizons after the narrower confines of European nationhood and the stifling attentions of the European nanny state, which has often made it more attractive not to work than to work. High French unemployment was never much of a mystery.

http://mgpaquin.wordpress.com/

Mr Cohen has never been to Mexico next to that America looks great. High French unemployment

French Unemployment Q1 2008
France’s unemployment rate dropped to 7.5 percent in the first quarter as the euro region’s second-biggest economy expanded at double the pace of the previous three months. The jobless rate fell from 7.8 percent in the fourth quarter, according to Insee, the France’s economic statistics office. Not including France’s overseas territories, the unemployment rate was 7.2 percent, the lowest in 25 years.

http://frencheconomy.blogspot……-2008.html

American unemployment rate 2008

American unemployment rose to five percent last month, the highest rate since 2005. And new employment statistics released Friday show the U.S. economy added only 18,000 new jobs in December, far fewer than most economists expected.

http://www.voanews.com/english…..-voa61.cfm

2.2 % difference but no mention of France’s higher unemployment benefits and healthcare in or that healthcare is one of the leading causes of bankruptcy and home foreclosure in America.
Just how did this Not researched topic at all topic get past the times editors this was a few quick Googles for me to shoot down.

Exactly and these a-holes don’t see their skirts flipped up over their heads! They continue to embarrass themselves while we point and laugh at them. Honestly, I’m kind of liking it. LOL

saw two airheads on FOX last night (couldn’t sleep) saying that AFL-CIO had a big fancy conference amnd even though it didn’t get federal $$$, it’s like sorta the same thingas swhat the biz execs have done. But nobody complained about AFL-CIO.

Seriously.

Worked for me. I got to sleep.

He waxes romantic about how CDSs are the salvation of an unregulated financial system.

Andrea did not marry him for his brains I take it.

first time i’ve heard of it. thanks, i’ll have to remember for next year!

Fair enough. I didn’t read any of that stuff before.

Me too. Love how they walked right into being called “teabaggers.”

Very good question any answers out there?

COOl Rush debate the little girl first:)

Nor his looks. Greenspan has to be one of homliest men ever to walk the earth.

I have no idea.

earmarks, schmeermarks. I want my Congress critters to bring as much money as they can to my state that is what they are there for (in part). One person’s earmark is another persons vital project for employment. I am fed the fuck up with the idiots getting all bent out of shape when the Critters are only doing what they can to get money to their districts. What else is the fed going to do with the damn money, spend it? on what? projects? Sheesh.

Hmmmm. How about if ‘merca counted all those that have “given up” on jobs, what do you think the unemployment rate would be then?

can any of them say “Remove the 50 million I asked for”?

Maybe about the time hell freezes over? *G*

Never happen.

Mr Cohen have you never heard of Alan Ableson at Barron’s? March 3 2008

Just one illustration points up the, shall we say, peculiarity of what the BLS adjustment has wrought. According to the birth/death model, 8,000 jobs were added in April — are you sitting down? — in the financial sector. Which, we assume, will come as a stunning surprise to the gosh knows how many poor souls who have been laid off by the banks, the brokerage houses and the rest of the not-very-robust financial fraternity. Must be something really wrong with our vision, moreover, since new firms in that sector appear to be conspicuous by their absence.

http://bigpicture.typepad.com/…..prize.html

Those unemployment numbers you say are greater in France well even the pro business (Barron’s is the Wallstreet Journal’s Saturday paper)
questions the Bush era unemployment numbers.

You really have noone editing you do you?

Looks like they can. Our good friend David Vitter did it. he earmarked money for some group to teach or promote creationism. People wigged out and he asked for it to be removed.

http://www.au.org/site/News2?a…..38;id=9438

Whatta guy.

Very good question much higher? I wonder how France and America count the unemployed? The economists at the Lake can answer better your question than I can.

13.9% as of January. February number out tomorrow.

Money or access to the Fed for stories then?

See my link at 95.

Ok thats real bad for Mr Cohen a college Freshman is held to higher standards on facts!

for an example, here’s a nice summary, from the NYT, May 26, 1994 – Derivatives Get a Key Supporter

Strongly disagreeing with a new Congressional study, the chairman of the Federal Reserve Board, Alan Greenspan, said today there was “negligible” risk that the rapidly growing market for financial derivatives might someday require a taxpayer bailout.

In testimony before a House subcommittee, Mr. Greenspan and other senior financial regulators said there was no need for new legislation to supervise derivatives.

Derivatives are highly profitable products offered by banks and brokerage firms to corporations and investors. They are contracts with cash values that are tied to, or “derived” from, the price of financial assets like stocks, bonds, commodities or currencies. Variety of Uses

Most often, derivatives are used by companies as a form of financial insurance; they can, for example, help protect against a decline in the dollar’s value that would raise the cost of a company’s imports. Derivatives can also be used by investors as a substitute for owning securities.

Several large companies recently reported losses from unusual derivative transactions that combined normal hedging of risks with speculative bets on interest rates.

Last week, the General Accounting Office, an arm of Congress, released a study that called for vastly expanded regulation of the dealers and users of derivatives. In particular, the G.A.O. called for much closer supervision of the derivatives activities of brokerage firms and insurance companies, which are not regulated as tightly as federally insured banks.

Fears of a Bailout

The G.A.O. said that because derivatives activity was concentrated in a few big banks and brokerage firms, there was an increased possibility of a market crisis leading to a taxpayer-financed bailout that might have to be extended even to uninsured brokerage firms.

Mr. Greenspan challenged the G.A.O.’s assertion that the Government could be at financial risk. He noted that brokerage firms can borrow from the Federal Reserve’s discount window in case of emergency but he emphasized that such loans are backed by collateral and, in his view, pose virtually no risk to the Government.

Moreover, Mr. Greenspan played down the risk of derivatives to commercial banks. “There is no presumption that the major thrust of derivatives activities is any riskier, indeed it may very well be less risky, than commercial lending,” he said.

Mr. Greenspan argued repeatedly that additional Government regulation was not necessary because of “private regulation” by investors, credit rating agencies and others that insist on financial soundness in those with whom they do business.

The aphrodesiac of power, perhaps, or his tennis game. I have no idea.

Vitter introduces legislation defunding Planned Parenthood.

Earlier this year, Sen. David Vitter (R-LA), who was named in the DC Madam prostitution scandal, co-sponsored the Marriage Protection Amendment, which would amend the Constitution to declare that marriage “shall consist only of the union of a man and a woman.” Now, “as he seeks to shore up his bona fides with conservative voters,” Vitter has introduced legislation slashing funding for family planning services:

guess he needs to protect his investment in diapers futures

me neither. in fact, i hadn’t even heard of CDSs a year ago. just started reading old transcripts last fall when i was trying to get some background for my diary: Which Idiot Decided Not to Regulate Credit Default Swaps?

Well, then, doesn’t that void their criticism? How can McConnell rail against the bill without someone countering with the suggestion that he remove his contribution to the budget?

What makes Greenspan’s memoir more poignant that all that old testimony is timing. The words are the same, but the memoir was published in 2007, literally at the peak.

before the curtain was pulled back

LOL And to think they only have small lemon drops down there!

Have you thought about sending Mr Cohen your diary or the Times editors your resume between Bobo and Cohen though you might get overworked on fact checking:)

Greenspan is unrepentent to this day. In his speech before the Economics Club of NY a couple of weeks ago, he droned on as usual. But in response to a (scripted) Q, he said something like how disappointed he was at the financial market participants that they didn’t behave the way they should have. I saw it rebroadcast on cspan, and it should be in its video library, if you have a tolerance for boredom punctuated by an occassional jawdropper.

I spent over 25 years on Wall St. trying to educate people. My frustration tolerance was exceeded long ago.

wow.

Ok Greenspan has to know that he is coming out of this Crisis like Herbert Hoover that and even his fellow GOPers and Ayn Rand followers might have to disavow him.
I wonder what Greenspan’s next book title will be It wasn’t Me!!!

http://www.youtube.com/watch?v=cQ4axo9rmJY

to be a true player you have to know how to play

Greenspan has just made my list along with Bush and Bill Bennet of Fat pigeons I want to play poker with.

Learn to laugh at the fools who inflict you in life or your own intelligence will drive you mad:)
This why God invented Snark

LOL.

Swimming upstairs.

I guess, if you admit that your entire avidly followed lifetime philosophy is a farce, and one which you led the nation into, the logical course would be hira kiri.

Thanks for this compilation of CNBC bs.

Will be saving it for people who hang on Cramer’s every word as gospel.

Jon is made of the awesome.

Homework assignment: High thee to thy nearest video retailer and get the DVD of Alain Resnais’ Stavisky. Starring Jean-Paul Belmondo and Charles Boyer, written by Jorge Suprun and with an incredibly great musical score by Stephen Fucking Sondheim, this mid-70’s masterpiece about a 30’s era Ponzi-schemer who nearly brought down the French government contains literally everything you need to know about

(wait for it)

CNBC

omg – i missed that show. thank you for posting!!

dont

mess

with

the

daily show

they tivo everything on every channel.

i bet they would have gone way easier on santelli if he had just shown up.

i particularly liked the timing & delivery of the f**k you at the end. hehehe – bravo jon & writing staff!!)

Stewart is the best.

Really intelligent, thoughtful, hysterical, insightful man.