Rolling US Economy Into The Shitbin Thread

So who wants to set up the rules to the Bush speech drinking game?

When he opens his mouth, finish your drink.

I'm guessing there's a former treasury spokeswoman posting resumes on monster.com right about now.

When he opens his mouth, finish your drink.

An IV tap sounds more practical.

Every time the word "derivative" is not used I will take a drink. Country before liver.

You go with the data point you don't have not the one you wish you had.

http://media.washingtonpost.com/wp-srv/photo/homepage/hp9-24-08vv.jpg

Anyway, threats of a 'long and painful recession' then. Uh.

Mistakes were made.

ROFL - http://wonkette.com/403005/403005#comments

Michael Douglas asked about Wall Street crisis
Wed Sep 24, 3:23 PM ET
UNITED NATIONS - Michael Douglas had to field questions Wednesday about the financial turmoil shaking world markets from reporters recalling his role in the 1987 film "Wall Street."

The actor sought to focus on the subject of Wednesday's news conference — urging the United States and eight other holdout nations to ratify a nuclear test ban treaty.

Douglas won an Academy Award for portraying the rapacious banker Gordon Gekko, who popularized the phrase "greed is good" in the movie.

After world leaders here condemned the "boundless greed" of world markets, Douglas was asked to compare nuclear Armageddon with the "financial Armageddon on Wall Street."

But the likening to Gekko did not end there, with a reporter asking: "Are you saying Gordon that greed is not good?"

"I'm not saying that," Douglas replied. "And my name is not Gordon. He's a character I played 20 years ago."

Bright side of coming Depression: Mets and Yankees take a bath on their new stadia.

(a boy can dream)

god michael douglas no sense of humor wtf hate that guy

Congressional negotiators reach agreement in principle on bailout terms

thanks to john mccain

i knew he could do it

New agreement actually looks sane-ish on the face of it. Don't know enough to be sure of anything other than that Barney Frank is on point and hilarious:

House Financial Services chairman Barney Frank (D-Mass.) said the agreement should calm the markets, and noted, "Some of us have been invited to the White House to try and break a deadlock, and I'm glad that well be able to go and tell them that there isn't that much of a deadlock to break." He paused and added, "But I'm always glad to get to go to the White House."

I would totally vote for Barney Frank right now. Frank/Dodd 16!

barney frank has always ruled

2003, the ruler speaketh:

"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."

Probably more true than not in 2003.

Barney also a big non-fighter for transsexual civil rights, the gay press says.

Puts him in a broad company along with 99.7% of politicians. Not a big transsexual vote out there to court.

Right, and who are the big fighters for transsexual civil rights in the House of Representatives again?

Er yeah, what Aimless said. But don't expect that to stop Dr. Morbius from looking for reasons to completely write off every politician ever in office or even with chance of being elected.

guys this thread is about the economy

Dr. Morbius is entitled to see the world through the lens of whatever seems right and good to him. I would love to know what fighting he has done recently for transsexual rights, though.

xp to tbot

oh, yeah. er. the economics of transsexual surgery should be looked at more closely.

there was a bill that had the "transgendered" part of the LGBT rights stripped right out, Hurting. People who are not me wrote about it.

http://www.huffingtonpost.com/sara-whitman/barney-frank-bails-on-the_b_66604.html

You may now return to the Official Thread Topic as per the ILX norm.

4/10.

Frank was part of the deck chair re-arrangement committee in 2003.

I think his callboy brought the deck chairs, in fact.

But who paid for them?

So I noticed at Monday night's Mets game that the years-old ad on Shea Stadium's left-field fence -- "AIG: THE STRENGTH TO BE THERE"

now says

"AIG AIG"

Conservative crackup: O'Reilly flips out in populist attack (on behalf of Wall St, of course) against Rush/ideological wingnuts en passant to blaming Democratic Congress - represented by "disgusting" Barney Frank - for Wall St meltdown

hey, maybe this is where morbs gets his coverage

wau

no..more like WAMU...as in WTF W/ JP MORGAN CHASE BUYING WAMU

wamu is a big west coast bank. and i don't think jp morgan chase is. how inconvenient is this going to be?

Wamu has gone national in recent years

yes but not my point: what is going to happen to all the wamus over here in california...do they just magically turn into jp morgan chase? i dont recall seeing any of thosehere

why did i ever leave BoA oh right...the customer "service" and uncontrollable egregious urge to slap fees on everything, thats why. "woohoo"

i don't see what the problem is

listen, let me mourn for and show anger/frustration at my dead bank in my own way, kthxbye

i know someone who just changed to citi from wamu this week. what are you other wamuers doing - nothing?

i didn't realize that Chase had no West Coast presence

the acquisition kinda makes sense for them, it would seem

ive had chase for awhile. i kind of hate them

All other WAMUers are doing nothing.

wells fargo, yo

"wamu is a big west coast bank. and i don't think jp morgan chase is. how inconvenient is this going to be?"

very inconvenient for me since wamu's credit card company is my own company's main client and pays my paycheck.

http://sinfest.net/comikaze/comics/2008-09-25.gif

What do you get when you subtract M(oney) from WaMu?

WAU
http://news.yahoo.com/s/ap/washington_mutual_future

I'm getting that "Maybe I should withdraw ALL my savings from ny bank" feeling. I'm ignorant? Dunno. Tell me otherwise.