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October 09, 2008




The numbers tossed around with these CDS make them seem like monopoly money anyway. They are contracts, though I'm sure the banks could fund an army of lawyers to get out of them-the small print taketh away. Maybe someone at the CFTC or the SEC could find a novel interperation of the contracts and say-hey, we should have been regulating those things all along. I'd look through the stacks to research it.

Asia wide looks down about 7%, Japan down 9%, and it looks like selling is going to continue on through Europe and the US.

Anyway, wanted to come up with something better but its nearly 2 am and I'm about done for the night. I also think if one could prove a cds trader had inside info, even though they didn't have an equity stake, I think criminal charges could be brought. Get some of these guys doing a perp walk, and fast, see who talks. I can't believe that only the US mortgage market and the related swaps are causing this. We'll see the Lehman auction is this morning.

***Good grief-Russia has suspended trading again today***


I think the Dems thought if they made Katherine Harris look enough of a clown, they could act however they wanted in the elections as long as they kept quiet.
I have no other explanation for what is happening in Ohio, why it is so audacious, or why she thought she'd get away with it.

Her problem is, Katherine Harris was audacious in her appearance, but had the letter of the law on her side.

I suppose there is nothing we can answer to that.

We would say, whatever happened just tell us.
Then the voters can decide.
Ayres has the right to support Obama, and we have the right to know about it. Or we have the right to point out he isn't being honest about it.

Rick Ballard

"I can't believe that only the US mortgage market and the related swaps are causing this."

Interesting, isn't it. White and black trash bringing down the whole show. It still really goes back to do gooders - Ivy League and l'Ecole Polytechnique - so frickin' sure of themselves that they believed they could remake reality. It's a damn shame that the average American rarely gets the opportunity to spit upon that "we're all connected at the roots" pile of shit.

It is becoming difficult to distinguish which group of idiots deserves more reprobation. Certainly the lefty scum have earned their fair share but are the faux centrists any less to blame? The assholes who insist upon jousting with sophists instead of simply declaring "you're a liar and this is what makes you a liar"?

After all, a dialogue with scum grants scum a measure of undeserved dignity.

Sara (Pal2Pal)

Why Obama's Communist Connections Are Not Headlines

Jim Treacher
I have no idea about the exact details of this Ayers thing because I don't care and I can't be bothered.

Yes, Don, your complete lack of interest is evident. I'd imagine you're perfectly calm as well.

bgates: Well done!

Sara (Pal2Pal)

ACORN: They’re Not Just About Voter Fraud Anymore

State Department of Corrections officials say the Association of Community Organizations for Reform Now (or ACORN) was using convicted criminals to conduct registration drives.

Corrections officials say they were work release inmates and was brought to their attention at the end of July. At that time corrections officials told organizers to immediately stop using the inmates.


Thanks, Jim.

I noticed somebody upthread asked to steal that bit and email it around, and I meant to say ok but didn't. I guess it's a moot point now, since Lorne Michaels gets exclusive rights to anything Treacher writes or sees online.


That was me upthread, bgates. Thanks! I am going to send it round (with proper attribution of course).


Yes, bgates, that was fine stuff. All the intricacy of a mating dance. Let's leave this dude at the alter. He's in the middle of the processional but has 'Soros owns me' written on the soles of his shoes.

M. Simon

Oil below $83 a bbl.

Some analysts think $40 to $50 a bbl. is the floor.

A 1/2 mbpd cut by OPEC last month had no effect on prices.

M. Simon

"The dollar continues to benefit from safe haven flows and the continuing deterioration in Europe," said Michael Woolfolk, senior currency strategist at Bank of New York Mellon Corp. "Meanwhile, in emerging markets, it has been a bloodbath. The Brazilian real, the Mexican peso and the Australian dollar have all been hit very hard."


There is a law, Soylent but no one ever enforces it.

Here's Stern and the dumber than rocks Obamaites:

And ACORN again--this time they registered the same guy 72 times:>Time to start "disenfranchising voters again


Well according to this Bloomberg article Lehman's bonds are going on the auction block and the final prices will be set at 2PM today. Here's another link to the Lehman auction. They are starting at 9.75 (with 4.92 billion open interest), which would have the cds writers paying out around $115 billion if nothing changes.


A great link by Sara to the American Thinker article on commnism. It is so true. Ayers won't matter to the young students. Also the American elite, and the college students who aspire to it, alsways look towards Europe. And the love of hard socialism and respect for Russia is not small there.


Ayers and Chavez--IBD offers up an outstanding editorial:

M. Simon

Ayers and Chavez--IBD offers up an outstanding editorial.

Steve Diamond

The comment made by Elliott is, I believe, correct. The page in the 1991 book by Mary O'Connell lists the constituent groups of the Alliance for Better Chicago Schools as of 1988. They included Chicago United, the multi racial business lobby founded by Thomas Ayers, father of Bill. And they included the Developing Communities Project which was led by Barack Obama until the fall of 1988.

Next to the ABCs membership list is a separate section that describes Bill Ayers as a contact person for the ABCs but it appears that that was at the point of the publication of the O'Connell book in 1991.

Ayers is also described in several places, including an article he published, as the chair of the ABCs but I have not been able to determine when he joined the ABCs or when he became its chair.

Ayers is also described in various places, including in his own work, as deeply involved in the school reform effort after the 1987 teachers strike and he published an op-ed in the Chicago papers in December 1988 discussing the new reforms.

The ABCs was the principal architect and lobbyist for the 1988 school reform bill that led to the creation of the Local School Councils. Providing support for the LSCs was a principal goal of the Chicago Annenberg Challenge.


Thank you for that information, Prof. Diamond.


If you would vote for Ayres himself, why don't you go read something that makes you feel better about being a terrorist sympathizer?

Why are you even reading this? If you don't care fine, but don't knock people who do happen to find it interesting. What are you trying to say? That we have no right to look into the chosen one's past? What's your problem?

Ayers and Obama TIED TO SOCIALIST PARTY (now we know)

Obama the Marxist Messiah
Proof is in the Public Record.
“The public record is our only proof,” says former Naval Intelligence Officer Marion Valentine.
“In 1963, while serving in Navy Intelligence (1958-1967), I read the FBI file on Frank Marshall Davis. He had outlined the Communist plan to take over America from within, by installing educators at all levels of our educational system, gaining control of the media, getting Liberal judges appointed, recruiting, training and backing people to be elected to public office.
“I have researched every piece of legislation I can find that the Liberal Democrats have passed since the early sixties, and if you will research for yourself, you will find that they have been slowly moving this country toward Socialism.
“When Obama announced he was running for President as an unknown with only one major speech at the DNC (that the DNC and MSM made so much fuss over), he aroused my old intel suspicions. So I started researching.
“I have not found any evidence to convince me he is a Muslim, bur I did find his radical associations were unusual. I found Frank Marshall Davis, who had fled from Chicago to Hawaii when Obama was 12 years old, was Obama’s mentor from then till Davis died in 1987.
“Davis put Obama in touch with the Socialist Party in Chicago (called the New Party) which Ayers is also a member of, (emphasis added) therefore the first “Planned” contact with Ayers. The New Party helped launch and finance Obama’s political career. Obama…selected, trained, groomed and scripted to become the “puppet” leader of the United Socialist States of America.

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