September 26th, 2008

yellow_elephant

The so called alledged Debates Are ON!!!!

Now The Radical LeftWing Will Be Able To Debate The Radical LeftWing about how the RINO Rave Dancers are the most RINOist Ravers, EVER!!!!

And that realistically in a time of Fiscal Melt Down, while our Valiant Fighting Forces are EVERYDAY winning ever More Mission Accomplished Glorious Victories on the Eastern Front Crushing the Evil Demonic Forces of Liberals on Wall Street, the Shrill Hysterical Angry Leftist Loonies are not willing to support the president to support the Troops!!!!

Do Americans THINK that FDR would have stood down in 1948, and left our troops dangling as they too valiantly fought on to win WWII????? HUM????

That's what is wrong with these draft dodgers who have no respect for the War Winning History of America as it should have been!!!!

Are YOU doing YOUR part to win the war history that should have been???? Or are you backing the RINO Rave Dancers and their so called debate????
yellow_elephant

got Milk?

Evil Liberal Puppet Toady of the Military Industrial Infortainment Sector that is a part of the Ongoing Bail Out process noted:
Republicans: They Stay Crunchy In Milk!
So remember boys and nonPersons, congress has already authorized the president to win on the Eastern Front, so there really is nothing for congress to do in the President's War Powers to Win on the Eastern Front of The Wall Street War On Evil Liberals!!!!


Are YOU doing your Part? Or do you get soggy in milk????
yellow_elephant

Where IS the Global Warming when you need it?

Just when it looked like relief was on its way, lending seized up again Friday.

With the Treasury's $700 billion financial industry bailout proposal in jeopardy, and with Thursday night's collapse of an agreement and subsequent JPMorgan Chase takeover of Washington Mutual - the largest bank failure in the nation's history - credit markets have again stalled.

"Things have frozen over again," said Steve Van Order, chief fixed income strategist with Calvert Funds. "Banks are nervous about lending to each other, and the commercial paper market has come to a standstill."
...
Another lending measure was just below a 26-year high. The "TED spread" - the difference between three-month Libor, what banks pay to borrow money for three months, and the three-month Treasury borrowing rates - was at 2.94% after hitting 3.37% Thursday, the widest margin for that measure since 1982. Just a three weeks ago, the TED spread was at 1.04%.
...
"The interbank lending markets are clogged up, because there is a freeze-up in the pipes that normally carry funding from central banks to banks to customers," Van Order explained.
...
"JPMorgan is going to have to take a writedown and ultimately raise capital," Van Order said. "The bank's lines of credit are being drawn on...and the acquisition puts another strain on lending."

[ cf Lending deep-freeze ]
WHAT????

They mean that there is some potential upper limit on the number of gagillion times a thing can be re-over-leveraged???? But what about the Faith Based Economics????

OR, are we suppose to be chanting
But Number Theory IS Just A Theory
and that will keep the evil demons of unbelief away from the true true believers???

Has anyone else noticed, that occasionally the Evil Main Stream media slips up and includes in the mortguage issue, things about commercial property, and, on other occassions, that some of the money that is going bad is the money dropped into investment grade homes, such as the classical comedy of the Mercede Marvel, where small down with 80,000 thot it was really cool to do the usual Million Dollar McMansion development complex, never quite working out whom in town could afford the mortguages, and, then, uh, they stopped trying to finish those houses... before they could sell them to sub-prime holders...

Hum??? should those sorts of bad loans also be a part of the discussion about how the evil liberals forced all of those evil liberal construction and development, and evil liberal land zoning, and the sort of evil liberals....

Or should we just keep clapping our hands, and tinkerBelle Will go On Balloning....

Hey, the national review at least has the courage to point out that it is all about Gay HomoZexuals, ( cf National Review asks: Did WaMu fail because it employed minorities? ) yes, it is America!!!!

And we too are more @WAR with those types than ever before....

It's what the troops are fighting for.....
yellow_elephant

got genuine certified pre-owned T-72's, discount price to you...

Hey kids
A Russian warship headed for the seas off Somalia Friday after pirates seized a Ukrainian freighter carrying 33 tanks, munitions and other weaponry, officials said.
ADVERTISEMENT

The Faina, with a crew of 21, including three Russians, was hijacked on Thursday as it neared the Kenyan port of Mombasa with a cargo of T-72 battle tanks, grenade launchers, ammunition and spares for the Kenyan military, they said.

The frigate Neustrashimy (Fearless) was ordered to the region in response to "the rise in pirate attacks, including against Russian citizens," said Russian navy spokesman Igor Dygalo said.

"Russia's navy will send ships for temporary missions to areas made dangerous because of maritime piracy to protect Russian citizens and guarantee the safety of shipping," he said.

[ cf Russia sends warship after Somali pirates seize tank-laden vessel ]
Is all part of Glorious American Victory on Eastern Front....
yellow_elephant

Should Liberal Candidates Dare the Press???

John McCain's campaign manager, Tricky Rick Davis got 2 million cookies protecting the mortgage giants that are at the heart of the trillion dollar bailout the taxpayers now have to foot the bill for, from regulation- and then turns out Freddie Mac paid him another 15 Gs a month from the end of '05, even though John McCain claimed otherwise and dared anyone to look into it. Well, they looked. Davis hadn't done any work of course, the scratch was merely for future access to a McCain White House.

That smarts. With the economy tanking and McCain's poll numbers suffering (and the attendant contributions suffering as well), McCain opted for a distraction.

[ cf McCain: Childish Antics ]
There they go again!!!!

Don't they KNOW that 911 changed everything!!! that the WHOLE WORLD CHANGED!!!! that Epistemology Changed!!! That Factualism is a part of the Failed PRE-911 kulture of ikyYukkyGrosssee...

But you can of course understand why some folks understand how corrupt government can be, when formerly governmental organizations like Fannie and Freddie are paying 15G's a month to party apparachnikii, without actually requiring any actual work, because that is the best way to transfer the risk, and know that if things go bad, that the government will bail them out, even though they are not really a branch of the government.... but a private corporation too big to fail...

Gosh, just like JP Morgan and friends....

What if the big corporations, and friends, had to pay the premiums, for a risk insurance programme, just to make sure that the corporations they were investing in, were not going to be the next Enron?

Why.... They could be paying that to Federally Funded Oversight Organizations....

And..... Uh....

THAT WOULD BE EVIL!!!

Because taxing the rich is evil!!! and we are at war with evil!!!!

No matter how underTruthier we have to be....
yellow_elephant

Holy Defeatist Stab Our Troops In The Back Kapitulationist Appeasers!!!

The Federal Reserve could be prompted to make an emergency interest rate cut in the next few days in an attempt to boost confidence in the battered banking sector.

The central bank could even move as soon as Tuesday to cut its fed funds rate, a key overnight lending rate, by at least a quarter percentage point, according to interest rate futures for September listed on the Chicago Board of Trade.

The Fed's next scheduled meeting to discuss interest rates is a two-day session that ends on October 29.

Even though some think an emergency rate cut may have only a limited impact on the economy, it may be necessary to boost investor and consumer confidence.

[ cf Hopes grow for emergency rate cut ]
And this after all of the Great War Fighting by Our Most Holiest Of Holy Warriors on the Eastern Front, crushing the Godless Liberal Wall Street Types!!!

Where is their Faith in Faith Based Economics, and the Majik Of Majikal Bail Out Powder!!!

Clearly since McCain is in the Debates on Friday, Then the Majikal Powers Act has sprinkled Majikal Bail Out Powder on the already healthy and vibrant economy that has been the bestest healthiest economy ever to be asked to the Mission Accomplished Dance by the Most Glorious Victorious Victorizers!!!

Are You doing your part to Spread the Majikal Bail Out Powder around??? Or are you joining the New National Socialist Drinking Game - where one drinks every time they say economy, and twice when they talk about socializing the risk, and even more about maintaining the private sectore privates....

It IS what the troops are fighting for....
yellow_elephant

French Defeatists Try Misdirection...

The hijacking, with worldwide pirate attacks surging this year, could help rally stronger international support behind France, which has pushed aggressively for decisive action against Somali pirates.
...
Long a hazard for maritime shippers — particularly in the Indian Ocean and its peripheries — high-seas piracy has triggered greater alarm since the Sept. 11 terrorist attacks on the United States because of its potential as a funding and supply source for global terrorism.

Pirate attacks worldwide have surged this year and Africa remains the world's top piracy hotspot, with 24 reported attacks in Somalia and 18 in Nigeria this year, according to the International Maritime Bureau's piracy reporting center.

The issue burst into international view Sept. 15 when Somali pirates took two French citizens captive aboard a luxury yacht and helicopter-borne French commandos then swooped in to rescue them.

French President Nicolas Sarkozy this month called on other nations to move boldly against pirates, calling the phenomenon "a genuine industry of crime."

In June, the U.N. Security Council — pushed by France and the United States — unanimously adopted a resolution allowing ships of foreign nations that cooperate with the Somali government to enter their territorial waters "for the purpose of repressing acts of piracy and armed robbery at sea."

[ cf Russia warship heads to Africa after pirate attack ]
Hello!!!

We are in a Holy War On Wall Street you Silly french persons!!!!

No where in the article does the EVIL LIBERAL MEDIA mention the Glorious Military Victories against the evil liberals of wall street...

As if this with terrorism and piracy should take precedence over the Holy War against the Unbelievers.
yellow_elephant

RINO Rave Dancers go eXtreme!!!

Holy Stab The Troops In The Back!!!
A King County Superior Court judge on Friday rejected an attempt by Democrats to force the secretary of state's office to identify Rossi as "Republican" on November's ballot. Rossi, who's challenging Democratic incumbent Gov. Chris Gregoire, is instead listed as preferring the "GOP party" - a reference to the longtime party nickname, the Grand Old Party.

Judge Richard Eadie acknowledged that Rossi's decision to use "GOP" could create some confusion among voters, but there's nothing in state law that prevents a candidate from using a party's nickname on the ballot.

And, he said, the greater evil would be to use two different ballots in the same election. Some military members have already voted using absentee ballots in which Rossi is listed as preferring the GOP; if the "GOP" listing is invalid, those votes could be challenged, Eadie said.
...
A survey by independent pollster Stuart Elway this month found Gregoire had a 10 point advantage over a "Republican" Rossi but a 4 point advantage when Rossi was listed as "prefers GOP party," a difference that was not statistically significant given the survey's margin of error. In June, another Elway poll found that 7 percent of all respondents thought GOP referred to the Democratic Party, and 18 percent of Republicans polled didn't know "GOP" meant "Republican."

"Administrative convenience does not trump the people's paramount right to a clear and correct ballot," Hamilton said, noting that if the ballots were accidentally printed in Chinese, the state would find a way to fix them even this close to the election.

[ cf Seattle judge OKs ballot with 'GOP' Rossi (emphasis added) ]
Holy Win At All Costing!!!!

Where is the Faith in The Divine Will OF Dubya????

Can there be any doubt that these God Hating America Bashing RINO Rave Dancers have just gone WONKY!!!
yellow_elephant

Radical Left Wing Wall Street Defeatists Stabs Troops In Back!!!

My GOD!!! and after all that the Holy Warriors have done:
Christopher Cox, the chairman of the Securities and Exchange Commission and a longtime proponent of deregulation, acknowledged on Friday that the voluntary supervisory program of Wall Street’s largest investment banks had contributed to the global financial crisis and abruptly shut the program down.

The agency’s oversight responsibilities will largely shift to the Federal Reserve.

The commission’s inspector general, in a report also released on Friday, strongly criticized the agency’s performance in monitoring Bear Stearns before it collapsed in March. Mr. Cox said he agreed that the oversight program was “fundamentally flawed from the beginning.”

“The last six months have made it abundantly clear that voluntary regulation does not work,” Mr. Cox said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily,” he added. “The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness.”
...
The retreat on investment bank supervision is a heavy blow to a once-proud agency that has seen its influence over Wall Street steadily erode as the financial crisis has exploded over the last year.

Because it is a relatively small agency, the S.E.C. tries to extend its reach over the vast financial services industry by relying heavily on self-regulation by stock exchanges, mutual funds, brokerage firms and publicly traded corporations.
...
At the time, the commission’s decision followed heavy lobbying for the plan from all five big investment banks. At the time, Goldman Sachs was headed by Henry M. Paulson Jr. He left two years later to become the Treasury secretary and has been the architect of the administration’s bailout plan.

[ cf S.E.C. Chief Says Deregulation Fueled Crisis ( emphasis added )]
Show of hands kiddies.

How many folks think that this sort of Mad Maverick approach should be rewarded, and we should give Christopher Cox the new billet as the Special Director of the New And Improved Homeland Economic Security Czar to oversee the Most Gloriously Victorious Mission Accomplished Regulatory Oversite of the Billions, and Billions, and BILLIONS in Majikal Bail Out Powder that should be sprinkled all over the economy to make Tinker Belle feel all girly girly again????

Hum?

You think? Clearly Paulson and friends are going to need some tough maverick kinda guys who know the ins and outs of wall street, and where to put that bail out money to work, eh no????

It is what the troops on the Eastern Front have been working for, eh no???

{ oh come on... in light of the fun of the so called dot.bomb era, you would have thunk that folks would have started to ask questions about what 'self regulatory' meant to folks who could not control their water.... Or are we just going to admit that the nation got stoned in the nineties, and have opted out of any form of reality reality, in favor of merely reality TV shows.... }
yellow_elephant

Way Back Machine, origins of financial crisis.

If your favorite stoner neo-con dude hasn't mentioned it, scope this:
Things said by Charles Krauthammer are generally not true, and today’s edition in which he once again busts out the old “blame the CRA” theory of the financial crisis is no truer:
For decades, starting with Jimmy Carter’s Community Reinvestment Act of 1977, there has been bipartisan agreement to use government power to expand homeownership to people who had been shut out for economic reasons or, sometimes, because of racial and ethnic discrimination. What could be a more worthy cause? But it led to tremendous pressure on Fannie Mae and Freddie Mac — which in turn pressured banks and other lenders — to extend mortgages to people who were borrowing over their heads. That’s called subprime lending. It lies at the root of our current calamity.
See Robert Gordon for a thorough debunking in great detail. But just think about the chronology — the Community Reinvestment Act passed in 1977. By contrast, the current problem didn’t exist ten years ago at all. Or to remove considerations of partisanship, it didn’t exist twenty years ago either. That’s because it wasn’t caused by policy shifts undertaken in the late 1970s. This is, I would think, completely obvious.

Meanwhile, even if you believe that Jimmy Carter’s Time Machine suddenly forced bad loans into existence in 2006, did Carter really force financial services firms to make highly leveraged bets on complicated derivatives of mortgage-backed securities? Really?

[ cf The Thirty Year Itch ]
Ok, so like I am so waiting for some better doper moments, where we learn that it was actually all of that SEC, FDIC, etc, from FDR that has caused all of the horror.

Oh hell, double up and go for it. Why not blame it on Lincoln and the emancipation procilmation, that ended the true basis for wealth, and a society that understood the importance of capital depreciation of concubines...