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September 24, 2008

Comments

Charlie (Colorado)

disaggregate tone from substance.

Let me know when you post some.

Tom, I suppose it's obvious, but I add my vote to the others.

Jane

I'd say an " emoting moron" is someone who says things like Fuck this "real crisis" bullshit. GET YOUR HANDS off my wallets, bald headed New Yorker faggots" .

There are plenty of places that love that sort of back and forth TCO. Do you not have enough respect for yourself to find one?

Charlie (Colorado)

Okay, while I was away from the keyboard I heard that the "student loan" and "credit card" relief they're talking about is to let Paulsen buy up securitized loans etc.

That sounds like it's probably a reasonably good idea; I would bet the market on those is less than wonderfully liquid as well.

Sara (Pal2Pal)

JOM, we are watching a total psychotic breakdown before our very eyes. It is fascinating to watch in a macabre kind of way. However, I still think TM needs to take some action.

bunky

Clarice, your comment on Mac and his insights on people are right on, but I am not getting this new move. I did not get Palin the first day too though, so let's see.

PeterUK

"We will win the kill the bailout thing too. You all will eat our shit."

Real class these Obama supporters.
Probably ice cream and plywood entrepreneurs.

M. Simon

NEWS: NASA to hold press conference on the state of the sun

M. Simon

New Cycle 24 Sunspot and SSN wavelet analysis

GMax

Boy if you guys would just refrain from reposting that moron asshole, I would never know he was still haunting here. Try the cloak of invisibility, its easy, I figured it out and I am no geekster. Bgates will help I am sure, he rigged it to deal with immature idiots like the one plagueing you. Come on over to the fun side of the island!

M. Simon

NASA’s press conference on the state of the sun

M. Simon

Latest Cycle 24 Sunspot: here today, gone tomorrow

PeterUK

Sara,
You are looking at the ravings of an alcoholic.
"Clarice: disaggregate tone from substance. Capisce? If not, you are an emoting moron."

A typical abusive spouse talking there.

M. Simon

Kim commented at:

Latest Cycle 24 Sunspot: here today, gone tomorrow

Kim. I know it messes up your pretty posts but a url with your comments would be handy.

Jim Ryan

total psychotic breakdown

Eh. Garden variety personality disorder is more like it.

Sara (Pal2Pal)

GMAX:

The Art of War, by Sun Tzu

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not your enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”

DrJ

You are looking at the ravings of an alcoholic.

I don't know if you meant this in jest or not, but I thought the same thing. Seriously.

M. Simon

Tom,

Time to make the nuke school washout disappear.

Sara (Pal2Pal)

PUK: I think you're right.

Rick Ballard

Charlie,

It ain't the debt, it's the magical CDS sitting in the shadows, pretending that the debt is insured. I wonder if the sword stroke might involve cancellation of existing CDS contracts to be replaced with contracts underwritten by the Fed for a year.

The CRAs are pulling a 'cat who sat on a hot stove' move at the moment and these things that really aren't that difficult to resolve are just spinning out of control.

PeterUK

DrJ
No jest,booze or crack.You can actually see the change over the posts.

Sara (Pal2Pal)

DrJ: Discovered my slow load problem of last week. Two widgets that apparently were changed at the other end and then wrecked havoc as the changes took place automatically on my site. I deleted them and had instant return to normal.

clarice

bunky, I think ts figured this out before anyone--she emailed me hours ago and laid it out. O was going to sit back and then play critic of the administration no matter what the result was. Now the tables are turned. Mr Present will have to participate or look like a dog in the manger.(I doubt she'll mind if I quote her bright observation):
"What do you think the chances that McCain will MAV out on the bailout
bill and demand all the extra crap be stripped or he won't vote for
it and Obama has to agree with Mav or vote for it, thereby siding
with GWBush?"

ben

The NYT, in 2003, singing a different tune: (from Powerline) The last paragraph should be a campaign ad for McCain....

"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates. ...

The proposal is the opening act in one of the biggest and most significant lobbying battles of the Congressional session. ...

''The current regulator does not have the tools, or the mandate, to adequately regulate these enterprises,'' Mr. Oxley said at the hearing. ''We have seen in recent months that mismanagement and questionable accounting practices went largely unnoticed by the Office of Federal Housing Enterprise Oversight,'' the independent agency that now regulates the companies. ...

Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

TCO

I wish all of you were married to me, so I could wife-beat you.

DrJ

PUK -- I noticed that too.

Sara -- what widgets and where were they located? Your web site? Akin to the IE/Sitemeter issue a while ago?

bunky

Clarice: I see the strategery, but Mac is going to have to go all the way and not look back.

PS: Rove is nervous on Baxter about it. Maybe Mac is on to something.

Rick Ballard

It looks like the CDS folks are way ahead of me.

sbw


These are interesting political times in Washington. Hillary has an opportunity to recast the lines of power in both the Senate and the House -- if she partners with McCain.

Schumer has been the one who has played the DSCC for power. Is that about to change? And Harry Reid about to leave the scene? And Nancy Pelosi seems washed up, too. Neither Harry nor Nancy could hold back the drilling. Will Steny Hoyer make the ultimate break with Pelosi and partner with Hillary?

And will McCain, talking across the aisle to Clinton and Hoyer make a deal that tosses Hillary and Hoyer a bone that costs too much for the political expedient to get a deal done this week.

It would mean McCain is Presidential and wins. It would mean that Obama pays the ultimate price and gets what Hillary thinks he deserves. It may save a Democratic congress, that McCain thinks he can work with.

Then Hillary can start to clean the corrupt Democratic house to prepare for two and four years from now. And McCain can do the same.

Ah! What fun is idle speculation!

TCO

Look at you all ready to bed down with Hillary. Go back to Europe, you communists.

PaulL

I sometimes think that we (potentially) give away way too much advice to Obama and Co.

Right now they don't seem to have even a clue what an impossible situation McCain has put Obama in.

They could get a clue if they read JOM.

The Corner people at National Review were totally clueless too, which is disappointing. But at least they're starting to grasp it with the help of readers' letters explaining it to them.

Jim Ryan

John, I didn't want to love you. The way you ran around with all those slutty liberal senators so many times in the past. The way you've said such awfully obtuse things in public without even knowing you had embarrassed yourself. But these last three months, you've done things to awaken in me feelings for you I didn't know were possible. When I think about your campaign...well, I could tumble for you, John McCain.

John, I think I love you. But I'm warning you, if I catch you running around with those sluts again, I'll have you out on your ear before you can say "Kennedy."

TCO

John is an idiot. And you all are both liberal and idiots. FUCK THE BAILOUT. Viva free markets.

Charlie (Colorado)

It ain't the debt, it's the magical CDS sitting in the shadows, pretending that the debt is insured. I wonder if the sword stroke might involve cancellation of existing CDS contracts to be replaced with contracts underwritten by the Fed for a year.

Rick, you know, I thought the same thing --- oh, by the way, Kudlow now thinks the "bailout" is the right thing too.

Anyway, I was thinking the same thing, but I'm not sure it's necessary as part of the work to get the credit market unfroooz. The way I see it, it looks like the big issue with the CDSs is the liquidity issue: people exercising their CDS want cash, they're delivering a security backed by a mortgage or loan. IF those securities were liquid, then the people who receive them could sell them; there'd be a net loss, but the loss would be relatively small.

HOWEVER, the underlying securities are severely illiquid, so they're ending up with securities they can't move or value, and a demand for cash. That's exactly a George Bailey bank run --- they've got assets but run out of cash.

It seems like any of the normal methods of handling that could work: the Fed could open the discount window and shovel out new money in Mayflower moving van loads; someone could loan money, perhaps with the MBSs as security; or someone could buy the securities.

Of the three --- and macro isn't my strong point, so correct me if I'm wrong --- but it seems as if of the three, only the one where the Treas buys the securities doesn't increase the money supply dramatically.

Sara (Pal2Pal)

DrJ: They were in the sidebar and the problem was really the 2nd one. Apparently, it stopped working. It was a countdown clock. So, the page kept hanging and trying to load it, but the only thing getting loaded was the border and the Get this widget link, the guts were missing.

For some reason this then affected the Real Clear Politics widget, that by itself seemed okay, but even though it appeared first, it loaded after the bad widget.

When I checked processes, I discovered that that one Tab in FF was using almost all the resources, causing everything else to slow to a snail's pace.

Also, when I deleted both widgets from the sidebar, it cleared up the primary problem I was having with page layout in IE where the right sidebar was overlaying the center column. There is still a minor alignment problem of right sidebar section headings, but I already know what that is about and to fix IE, it causes the problem in FF, so I leave it alone. Who reads sidebars anyway?

Charlie (Colorado)

Bush just invited McCain, congressional leaders, and Obama to the White House for talks.

TCO

You can't handle the truth...

*drops cover on deck*

PeterUK

"I wish all of you were married to me, so I could wife-beat you."

I think that one of the JOM ladies would end up wearing your balls as earrings.

DrJ

Nah, PUK, the ladies here seem to prefer hoops these days. Besides, there would actually *have* to be balls. I've seen no evidence of that.

TCO

You're my little bitch, Limey.

clarice

OTOH, Morris thinks John will agree with all the Dem tinsel and crepe paper and look like the winner while Obama looks like the guy who considered himself too fancy to work.

Seems to me that if either ts or Morris is right, this is a shrewd McCainmove.

hit and run

Jane/Elliott -- *if* the debate happens, do we have you folks locked in to liveblog/snark?

Clarice, were you thinking about watching it? I wasn't. These events makes things more interesting to be sure -- but, to me there are more pressing matters to be attended to. Because we are talking about something on my life list, afterall.

TCO

Seems to me, Clarice, that you lacked objectivity on the Plamiac stuff. And now, you will follow Bush into Marxist chains...since they have an "R" on them.

DrJ

Sara -- OK, so it was your web site. I'm pleased it's fixed! (No, I don't look at side bars.)

PeterUK

"You're my little bitch, Limey."

You aren't man enough for a woman let alone a man.Stop tormenting yourself with delusions of adequacy.

kim

It's Berger; or Team Berger.
=================

clarice

Honey--I am feeding you Friday night. If you want to stay and watch the debate afterward, I'd be happy, but in that case you should reconsider my invitation to stay over and leave in the morning. It'll be a long night if you wait until after the debate to drive home.

Whatever you want---just let me know.

(eggplant parmesan ala Ada boni; grilled quali stuffed with Italian sausage/shallots/cognac and parsley; arugula salad and either apple tart; pear clafouti or raspberry meringue and vanilla custard for dessert) A nice red rhone ..

DrJ

I'm with you, hit. Debates always sound like a good idea, but they are interminably shallow and uninformative. Unless you "watch" there here. The snark makes it worth it.

hit and run

::drool::

And the food sounds good too!

kim

And you're wrong on Plame; you lost last time and will again. It was Russert and Fitz, and;

The FBI one morning
Lost its notes, suborning.
Eckenrode,
Where is that toad?
He's wanted at a harrowing.

Now start understanding, you're in the jury pool. There's a precis @ MaineWebReport.
==================================

clarice

Thanks, hit..We'll roll you into your car.

Rick Ballard

Charlie,

If B&P paid with existing funds, then no increase in the money supply. The raise in the debt ceiling indicates that's not the intent. It would actually make the most sense to use SS funds for the purchase but getting that through to John Q. Notsobright would be impossible.

The other possibility is that the first reverse auction floors the market, trading begins in earnest, B&P Enterprises has only spent $50B and can fold its tent.

Thomas Collins

Clarice's menu is:

(eggplant parmesan ala Ada boni; grilled quali stuffed with Italian sausage/shallots/cognac and parsley; arugula salad and either apple tart; pear clafouti or raspberry meringue and vanilla custard for dessert) A nice red rhone ..

FedEx the leftovers to Boston, clarice, and in return I'll send you a couple of my Red Sox t-shirts. :-))

bunky

Yeah, Morris looked like the cat that just ate The One's parakeet in that segment. We shall see.

Elliott

arugula salad

Clarice, your sense of occasion is difficult to rival.

TCO

Ok, Clare.

hit and run

We'll roll you into your car.

Oh gosh, speaking of which...gotta run. Long drive tomorrow starting around 5am.

I'll be in touch...

belle


Hugh Hewitt says this is Bambi's Katrina and
Bambi goes "Blanco". May...be.

Sara (Pal2Pal)

I think both McCain and Obama should be in Washington doing the job the voters in Arizona and Illinois elected them to do. First things first.

That said, I think McCain should go to the debate and I think it was unnecessary to pull the ads. That makes no sense to me at all. They're up and running, already paid for, what's the diff?

I think we'll have to wait to see what the President says in about 15 min. and get a better sense of where this whole thing stands right now.

Extraneus

Ah, the Ada Boni book. I'm still going through that, and hopefully will be for a long time.

bunky

Libby did what?
Nothing
Armitage did what?
everything
Powell did what?
watched while a man twisted in the wind, all the while knowing what really happened
The media did what?
helped the frame up
Where did this happen?
The USA
Who is gonna do something about it?

?

clarice

Extraneus--It is simply the best Italian cookbook ever written IMO..and never gets the credit it deserves. Her eggplant parmesan is simply ethereal.

centralcal

Elliott - I agree about the sense of occasion. Arugula salad, indeed! lol.

clarice

Extraneus --Note: I'm talking about this book--
Italian Regional Cooking I don't have the Talisman book.

centralcal

Okay, Clarice, you've convinced me. Is the book still available? Although I am Irish, my children are half Italian and we all prefer Italian cooking.

TCO

Libby is a fucking wussy liar who never served his country. I want Ensign Pulvers who throw the palm trees over the side and say, Captain I damn well did it, and what the hell is this no liberty crap. Not toadsuckers who can't look the truth in the eye. I don't like it from Clinton and I don't like it from Republicans. Weasals like that should rot in jail. Perjury is a lie. It's a failure of moral guts. It shows a pussy who would sell out his cellie in a POW camp. It shows weasely faggots like Feith. Dumbest guy on the fucking planet, per a guy who "knows dumb".

GRRRRR!!!!

TCO

Liubby lied to investigators. You all should have the nutsacks to call out someone who does that, whether R or D. Otherwise, you are Al Queda pole smokers.

TCO

No offense to faggots. Some of my best friends are homosexual, blabla.

clarice

Yes, I'm sure it is cc..

From wnbc in NY:
"WASHINGTON -- With extraordinary stakes on the line, President Bush has invited both presidential candidates and the leaders of the House and Senate to the White House on Thursday in hopes of securing a bill to rescue the economy.

Bush took the unusual step Wednesday night of calling Democratic Sen. Barack Obama directly to invite him to the meeting, White House press secretary Dana Perino said. An Obama spokesman said the senator would attend. The White House has also invited Republican Sen. John McCain.

Perino said the goal of the session is to make progress -- fast -- on a bipartisan solution to the biggest economic crisis in decades.

She said the call between Bush and Obama lasted several minutes and was "a good conversation."

Obama spokesman Bill Burton said the Democratic presidential contender "will continue to work in a bipartisan spirit and do whatever is necessary to come up with a final solution."

The move by Bush came just a short time before he was to address the nation about the financial crisis.

Details of the meeting were still being determined"


Charlie (Colorado)

Itialian Regional Cooking by Adi Boni

Charlie (Colorado)

An Obama spokesman said the senator would attend.

In fact, it was Obama's idea: he suggested it.

Charlie (Colorado)

Geez, this sounds like Bush's speechwriters were reading JOM.

clarice

(But cc, I googled Ada Boni eggplant Parmesan recipe and found it online here:
http://recipes.epicurean.com/recipe/13212/parmigiana-di-melanzane.html>Try it)

Charlie (Colorado)

Obama and McCain just made a joint statement that they needed to act together to solve the problem.

Sara (Pal2Pal)

Well I think the President explained the whole crisis and solution rather well. Simple, easy to understand, brought down to the personal level that real people can relate to.

What do you all think?

clarice

Think folks will forget who wanted to do this FIRST? Heh

kim

Libby didn't lie, Russert did. And Fitz failed the first duty of a prosecutor and that is to see that justice is done.
==============================

sbw

The President was presidential. He still owns the bully pulpit. The twirps in congress will be hard pressed to insist on a lot.

BobS

Why is it libs become such hysterical drama queens that have such foul mouths when they are faced with facts?

Jane

Jane/Elliott -- *if* the debate happens, do we have you folks locked in to liveblog/snark?

Well...

It's my annual golf tournament, which, at this point is expected to be rained out, which means I might be forced to begin drinking early, which if I am awake will give me a head start on the snark.

Doesn't Obama look like a fool now?

I thought the President did a good job. Unlike the Fox commenters I thought it was good that he laid out the history, because that's what people not paying attention want to know.

matt

TCO, you are a reprehensible fool and have no class whatsoever. Further, it is obvious you neither understand economics nor care to do so. The Crash of 1929 prompted a run on banks that forced the government to step in and pass new laws that were good up until @ 10 years ago. The lobbyists for Wall Street and the credit industry got their way with deregulation. If you really want to see Wall Street crash and the dollar get to Weimar level hyperinflation, you may get your wish, you miserable pond scum. The rest of us would, I think, like to see our ways through the crisis and then see genuine reform.

I would suggest we go after every one of these corporate "leaders" who lined their own pockets with billions of dollars selling snake oil to not only the American people, but people all over the world. This is a global crisis and one does not screw around. I do believe Paulson, Buffett, Pickens, Cox, et al have a tad more experience and brains than you.

bunky

The speech was fine. Tommorrow appears to be anti climactic now. They'll have a deal by 3pm and the debate later on.

BobS

Can someone explain to me why its a good idea for McCain suspend his campaign? He actually seems as if he's grandstanding a bit.

BobS

Maybe I'm just exhausted from a long day with kids. On second thought, he's upstaging The One a bit, right? And he's not letting Obama have the narrative he so badly needs right

clarice

Jane, girlfriend! Get outta my head!!!!!

BobS, I think for little cost, McCain comes off looking like a pragmatic, patriotic guy and O not so much.

Sara (Pal2Pal)

The Anchoress just posted this and I think it is a good reminder:

"Class" Tells

“Class”
Class never runs scared.
It is sure-footed and confident.
It can handle anything that comes along.
Class has a sense of humor.
It knows a good laugh is the best lubricant for oiling the machinery of human relations.
Class never makes excuses.
It takes its lumps and learns from past mistakes.
Class knows that good manners are nothing more than a series of small, inconsequential sacrifices.
Class bespeaks an aristocracy that has nothing to do with ancestors or money.
Some wealthy “blue bloods” have no class, while individuals who are struggling to make ends meet are loaded with it.
Class is real.
It can’t be faked.
Class never tried to build itself by tearing others down.
Class is already up and need not strive to look better by making others look worse.
Class can “walk with kings and keep it’s virtue and talk with crowds and keep the common touch.” Everyone is comfortable with the person who has class because that person is comfortable with himself.
If you have class, you’ve got it made.
If you don’t have class, no matter what else you have, it doesn’t make any difference.
— Ann Landers

Charlie (Colorado)

Can someone explain to me why its a good idea for McCain suspend his campaign? He actually seems as if he's grandstanding a bit.

This is bad why? McCain looks good, Obama again looks like a dithering idiot.

Soylent Red

All I know is that the precedent has been set...

Tomorrow at 0600 I'm calling my boss and telling him that if he needs me, he can call me.

Otherwise I'll be doing my own thing.

BobS

So maybe my second thought makes sense..all this high finance is beyond me....I have all my money tied up in cash.

Jim Ryan

Can someone explain to me why its a good idea for McCain suspend his campaign?

As VDH said of the Palin pick, it's a Zen thing. By withdrawing into inaction, McCain leaves Obama with two intolerable options: follow McCain the leader or be left standing there with his dick in his hand. Same thing with the Palin pick. Obama could either attack her as inexperienced and thereby skewer himself or be left speechless.

The point is that a better man would have other options and could handle these moves by McCain, but a shallow fraud of a man doesn't have any hope of responding successfully. The Zen lies in stepping aside and letting your opponent exhibit his incompetence, sputtering in frustration.

centralcal

Thanks, Clarice!

I think Bush did a good job and yes, came across, steady and Presidential.

TCO is nothing but a foul mouthed idiot and needs to find himself a sewer that would be amenable to his natural proclivities.

clarice

Good luck with that, Soylent. Why not let us know how it goes?

clarice

Isn't it cool, Jim--Hat tip to topsecret who figured this out early today at the speed of light.

centralcal

Oh, and Jane - Obama almost always looks the fool. Nothing new today.

BobS

Thanks Jim Ryan. I still admire you for breaking the old record in the mile.

BobS

I guess the consensus here seems to be the old guy moved pretty well on his feet. Maybe he should be on Dancing With the Stars and not Warren Sapp.

sym

Is McCain gonna have to suspend his administration everytime there's a crisis? If FDR could campaign in during WW2, McCain should be able to handle a teeny-weeny debate.

Sara (Pal2Pal)

BobS: You've been given all poliical answers. The bottom line answer is that both McCain and Obama are being paid to do a job and that job is U.S. Senator. They both should have suspended their campaigns at least for two days and gone to Washington to do the job they are being paid to do. It is called priorities and honoring one's duty to their constituents who pay them.

Like I've said more than once in this thread, I see no sense in pulling ads already running and paid for. To me, that's overkill. And I think both candidates should show up for the debate.

clarice

Gingrich is smart, he's on H and C and hates the plan. I think some of his criticisms are valid BUT none of us were able to come up with something better and Newt's strategic choice some years ago to shut down Congress suggests to me he's no strategic genius.

Jim Ryan

Clarice, plus it's not just clever campaigning. It's doing the right thing for the country and exhibiting good character: picking Palin, going to work on this bill. It's a campaign that's a pleasure to watch.

Rick Ballard

"The point is that a better man would have other options and could handle these moves by McCain"

Well, sure Jim, a free man could be measured in that respect. A creature of a politburo has to be measured differently though. It's what Obama's masters think that counts. How does he execute their orders? You have to admit, for a puppet fed through a teleprompter, he's almost competent.

The comments to this entry are closed.

Wilson/Plame