Rolling US Economy Into The Shitbin Thread

Frank is chairman of the House Finance Committee, gabbs; whether he deserves blame for this incarnation of the bill, he was in charge as this meltdown occurs, and received thousands of dollars from these banks. What's so hard to understand? You're goddamn right I'm blaming everyone.

hey guess what this thread is about economics

and we alllllll pay.

it's just nice to see congress acting like itself again after seven long years of weak sauce intermittently broken up by lockstep with the administration

one party voted for this. one party voted against it. simple as that.

― gabbneb, Monday, September 29, 2008 5:14 PM (4 minutes ago)

uh by 'this' do you mean the bailout? dems were 60/40 yes, reps were 60/40 no, that's hardly simple

its somewhat simple

yes Hurting 2, right now I'm debating this whole law school thing... of course I'm taking out significantly more money than you are in loans. We'll both be stuck in this "brave new world" NYC economy in 3 years.

Working on JARNDYCE & JARNDYCE case.

If all you're worried about is money, see if you can transfer to CUNY or some decent private that will offer you more scholarship. But you sound like you're not only worried about the money, judging from that other thread.

What other thread? I'm also worried about my sanity, if you mean -every- thread.

though the truth is, the structure of NYC law schools (including tuition) is built on the old version of NYC law life, which depended on Wall Street.. Now that Wall Street will "never be the same again", it's going to have this crazy trickle down effect, from the high flying big firm and corporate lawyers, all the way down to legal aid.

The debt I'm personally taking out (though not quite as bad as those without scholarships) is built on the assumptions of the old way, which obviously doesn't exist anymore. As in, my big worry is there'll be less government, public interest, and other positions due to 1) less tax money and 2) there being fewer positions for -all- attorneys in NYC, thus raising the standards for all jobs to a ridiculous degree.

So legal education based on the old way seems incongruous with entering the scary new uncharted waters we're finding ourselves in now. $_$

please, Al, Frank has been chair under a Republican President not known for his fondness for financial services regulation and a sub-filibuster Democratic Congress for 21 months. and he has proposed legislation and held hearings. but keep believing what Billo tells you.

my retard brother billo?

hey gabbneb, does it ever get hard toeing the party line? You must be a man of incredible stamina, because you make it look easy. Dragging up Gingrich stuff is a height of desperation that I honestly didn't think you could muster.

Meanwhile, after Pelosi finally gets a bill passed, don't cry too hard when it doesn't push Congress' approval ratings above Bush.

see, what i'm worried about is wholesale structural change in the healthcare system without accounting for the debt incurred by physicians during school, coupled with a long-term recession

then again, i don't know what i'm talking about

Don how does it feel since you lost your balls betting against McCain?

Rolling US Economy Into The Shitbin Thread

(sorry Tom)

nine figures tomorrow!!

haha Shakey, NICE. It hurts a lot worse than my vasectomy did.

and in the interest of the thread, the national debt is racing towards $10 trillion.

http://calculatedrisk.blogspot.com/2008/09/national-debt-race-to-ten-trillion.html

hey gabbneb, does it ever get hard toeing the party line?

Does it ever get hard repeating GOP talking points?

Dragging up Gingrich stuff is a height of desperation that I honestly didn't think you could muster.

not really. he seems to be the 'intellect' behind the GOP young guns.

Meanwhile, after Pelosi finally gets a bill passed, don't cry too hard when it doesn't push Congress' approval ratings above Bush.

why would I care about Congress' approval rating? oh right, you were doing the Congress=Democrats conflation thing again.

I'm still unconvinced that Congress needs to do something about this. And why is there such a rush to do something? If Americans aren't soundly behind this, as I gather from polls and from what congresspeople are saying (Dems and Republicans), then doesn't this favor inaction while a better case is made for intervention?

i think thats a reasonable concern, but id think that docs would be able to lobby for debt forgiveness in exchange for indentured servitude gbx.

xpost

(geez - are these boards really in need of such "moderation" now that one isn't even allowed to digress?? not that these particular digressions would be productive but..when did this hyper-vigilance start?

ilx3 will never = the old ilx again!)

I am just being thread police because there are already lots of politics threads like "What's A Democratic Congress Going To Do?" for example

and old ILX was just as bad or worse we all know this

like a Democratic Congress!

spendocrats

point taken

oh man we are stuck watching o'reilly in here tonight for some reason and this cheryl casone bitch is losing her shit!! WALL STREET IS MAIN STREET WAKE UP PEOPLE YOU'RE NOT BAILING OUT FAT CATS YOU'RE BAILING OUT YOURSELVES!!! so I guess it isn't just socialism for the rich, it's socialism for the whole country! way to go lady

"in soviet union, gasoline pays for YOU."

bad news for the market is good news for Obama

Funny, the thrust of the info at the other end of your link is that McCain booted himself in the arse, by his own foolish actions in regard to the bailout bill. Why not say McCain acting stupid, self-important and erratic while economy tanks is good news for Obama. This would be more accurate.

to hear him tell it, they used to call him "the sheriff", you know . . . sounds like i's flaming arrows time for the old sheriff

are you saying Obama would rather win an election than save the economy, don?

ok I am doing this as hard as I can
http://imagecache2.allposters.com/images/pic/LPG/50014~Finger-Posters.jpg

I wish the suggest ban link took you to a form so that you could specify WHY exactly you think the user should be banned. It would be therapeutic.

If my wife was the heiress of a world-wide corporation that sells booze I would be certain that even if things went to absolute shit, we would still be zillionaires. Probably even more so!

Cos you know, if you're broke and you're unemployed and you're feeling shitty about your country damn straight you want a beer!

http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/000000/00000/2000/200/2590/2590.strip.print.gif

Roubini: The risk of a total systemic meltdown is now as high as ever

Mark Steyn invokes Boy George to make a point -- and gets it wrong.

I think that's an attempt at humour.

That man is insane though

A stunned Mr Steyn, squatting on the sidewalk as his saleable goods were taken out of his home and loaded onto the pick-up truck, mouthed: "I'm playing with words you see...is funny..."

"...the market didn't fail me, I failed the market because I did not BELIEVE it could work!"

http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12327393

Too Victorian, didn't read

For real. Took me five attempts to parse the first paragraph.

I'm glad he is starting to look haggard, till now he's been looking like he's been getting 10 hours a night through all this.

http://newsimg.bbc.co.uk/media/images/45065000/jpg/_45065272_bush_30_9.jpg

So what do the people on this thread - like Tombot i guess in particular and i forget whoever else - virulently oppose the "bailout" (or a "rescue" eh?) ...what do they propose as an alternative solution for the credit markets? Or do you espouse no activity at all Tom, now that you think "the worst is over," due to the bank mergers being near complete, etc? just curious

in that 1929 article i am supposing that "bank rate" = "interest rate"