Mark Steyn invokes Boy George to make a point -- and gets it wrong.
― Ned Raggett, Tuesday, 30 September 2008 12:12 (fifteen years ago) link
I think that's an attempt at humour.
― caek, Tuesday, 30 September 2008 12:14 (fifteen years ago) link
That man is insane though
― Tom D says "...get them fuckin' up here, ya fuckin' walloper!" (Tom D.), Tuesday, 30 September 2008 12:16 (fifteen years ago) link
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..."
― It's 10.00 and I'm Huw Edwards. I don't write this stuff. (Marcello Carlin), Tuesday, 30 September 2008 12:28 (fifteen years ago) link
"...the market didn't fail me, I failed the market because I did not BELIEVE it could work!"
― It's 10.00 and I'm Huw Edwards. I don't write this stuff. (Marcello Carlin), Tuesday, 30 September 2008 12:29 (fifteen years ago) link
http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12327393
― Christopher Blix Hammer (Ed), Tuesday, 30 September 2008 12:59 (fifteen years ago) link
Too Victorian, didn't read
― Ned Raggett, Tuesday, 30 September 2008 13:29 (fifteen years ago) link
For real. Took me five attempts to parse the first paragraph.
― caek, Tuesday, 30 September 2008 13:33 (fifteen years ago) link
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
― Christopher Blix Hammer (Ed), Tuesday, 30 September 2008 13:52 (fifteen years ago) link
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"
― Vichitravirya_XI, Tuesday, 30 September 2008 13:52 (fifteen years ago) link
I was puzzling that, interbank, discount?
― Christopher Blix Hammer (Ed), Tuesday, 30 September 2008 13:56 (fifteen years ago) link
It's Karma, Mr Steyn, which is far more appropriate than what you came up with!
Can anyone think of a good song to do a Wall Street-is-collapsing montage to? I really want to do one and youtube it but I'm having trouble thinking of the perfect song. Not "Bad Moon Rising", not "Instant Karma", I wonder...
― Adam Bruneau, Tuesday, 30 September 2008 14:03 (fifteen years ago) link
ABC/Millionaire
― jane hussein lane (suzy), Tuesday, 30 September 2008 14:08 (fifteen years ago) link
Fortunate son? (or is that just the GWB montage)
― Christopher Blix Hammer (Ed), Tuesday, 30 September 2008 14:09 (fifteen years ago) link
Neil Young, gross...
― jane hussein lane (suzy), Tuesday, 30 September 2008 14:12 (fifteen years ago) link
Credence
― Christopher Blix Hammer (Ed), Tuesday, 30 September 2008 14:13 (fifteen years ago) link
If you've got the money, I've got the timeWe'll go honky tonkin' and we'll have a timeWe'll make all the night spots, dance, drink beer and wineIf you've got the money, honey -- I've got the time
There ain't no use to tarry, so let's start out tonightWe'll spread joy, oh boy oh boy, and we'll spread it rightWe'll have more fun, baby, all way down the lineIf you've got the money, honey -- I've got the time
If you've got the money, I've got the timeWe'll go honky tonkin' and we'll have a timeBring along your Cadillac, leave my old wreck behindIf you've got the money, honey, I've got the time
Yes we'll go honky tonkin', make every club in townWe'll go to the park where it's dark, we won't fool aroundBut if you run short of money, I'll run short of timeCause you with no more money, honey -- I've no more time
― Tracer Hand, Tuesday, 30 September 2008 14:17 (fifteen years ago) link
I still remember the day in the '80s when Reagan told an audience ('84 reelection stumping?), "Today the Dow Jones hit THE MAGIC 1,000 MARK." (Crowd: "Oooooh!")
CAN IT HAPPEN AGAIN?
― Dr Morbius, Tuesday, 30 September 2008 14:17 (fifteen years ago) link
That's 'creedence', actually. xpost
― jane hussein lane (suzy), Tuesday, 30 September 2008 14:19 (fifteen years ago) link
...and I hate them too.
Hank Paulson - what's on your iPod?
― Tracer Hand, Tuesday, 30 September 2008 14:19 (fifteen years ago) link
(Tracer, I wish you were here to go playoff TV honkytonkin')
― Dr Morbius, Tuesday, 30 September 2008 14:20 (fifteen years ago) link
creedence rules haters
― Mr. Que, Tuesday, 30 September 2008 14:22 (fifteen years ago) link
srsly
― \\\\\\\\YES//////// (ice crӕm), Tuesday, 30 September 2008 14:23 (fifteen years ago) link
creedence are invincible
― caek, Tuesday, 30 September 2008 14:23 (fifteen years ago) link
Me too Morbs.. then I wouldn't have to miss all the west coast games, which will start at approx. 2am GMT
― Tracer Hand, Tuesday, 30 September 2008 14:23 (fifteen years ago) link
BST
― caek, Tuesday, 30 September 2008 14:24 (fifteen years ago) link
oh WHATEVER
― Tracer Hand, Tuesday, 30 September 2008 14:25 (fifteen years ago) link
SNAP
― caek, Tuesday, 30 September 2008 14:25 (fifteen years ago) link
if you don't like creedence, you don't like america, this thread is about the US Economy, i.e. America=stfu
― Mr. Que, Tuesday, 30 September 2008 14:26 (fifteen years ago) link
xp p.s. i am coming on your show, you know this, right?
― caek, Tuesday, 30 September 2008 14:26 (fifteen years ago) link
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?
Regardless of whether this plan is the correct answer or not, this reasoning makes no sense. The approval of the American people has no bearing on whether action needs to be taken to avert a financial crisis.
― i am the small cat (HI DERE), Tuesday, 30 September 2008 14:38 (fifteen years ago) link
http://www.becker-posner-blog.com/
― Christopher Blix Hammer (Ed), Tuesday, 30 September 2008 14:38 (fifteen years ago) link
Ooh! "No Money No Honey"!
― Adam Bruneau, Tuesday, 30 September 2008 14:40 (fifteen years ago) link
roubini proposed some alternatives to the bailout plan
http://www.rgemonitor.com/roubini-monitor/253783/is_purchasing_700_billion_of_toxic_assets_the_best_way_to_recapitalize_the_financial_system_no_it_is_rather_a_disgrace_and_rip-off_benefitting_only_the_shareholders_and_unsecured_creditors_of_banks
― sleep, Tuesday, 30 September 2008 14:42 (fifteen years ago) link
One J. Goldberg huffs and puffs and then curiously adds:
I loathe populism.
Guess all the Simpsons talk was just a put-on.
― Ned Raggett, Tuesday, 30 September 2008 14:47 (fifteen years ago) link
The approval of the American people has no bearing on whether action needs to be taken to avert a financial crisis.
Congresspeople represent the American people. If the approval of the American people has no bearing on the decisions of congresspeople, then those congresspeople do not represent the American people. Hence the approval of the American people should bear on the decisions of congresspeople.
― Peter Cetera (Euler), Tuesday, 30 September 2008 14:56 (fifteen years ago) link
Is "Congresspeople" a word?
― Tom D says "...get them fuckin' up here, ya fuckin' walloper!" (Tom D.), Tuesday, 30 September 2008 14:58 (fifteen years ago) link
its got those women-americans in them now
― sturt banton (burt_stanton), Tuesday, 30 September 2008 14:59 (fifteen years ago) link
I understand what you're saying, Dan, but this is dangerously close in sentiment to Dick Cheney's "Who cares what the fuckin' polls say?"
― Oh my god pink flamingoes (Pancakes Hackman), Tuesday, 30 September 2008 15:00 (fifteen years ago) link
caek yes! we still have to decide what story we're going to saddle you with, though. sadly there is not anything else in the lineup with quite the same amount of astrophysics as "pail of air" but we will try.
― Tracer Hand, Tuesday, 30 September 2008 15:02 (fifteen years ago) link
Okay guys: what should we do then, to avert the crisis? Got any ideas?
― Mr. Que, Tuesday, 30 September 2008 15:03 (fifteen years ago) link
xp rad.
― caek, Tuesday, 30 September 2008 15:03 (fifteen years ago) link
What I don't get about Jonah Goldberg's column up there is that he criticizes Frank and other Democrats for refusing to give into -McCain's demands- to regulate Fannie Mae and other institutions (and thus save America) ... but then he gives backhanded praise to the Republicans for finally sticking to hands-off free-market ideology. What??
― sturt banton (burt_stanton), Tuesday, 30 September 2008 15:04 (fifteen years ago) link
Oh bah. I'll out-Cheney Cheney on this one then: all the people who are busily calling their congressfolk to complain about a "bailout for the wall street fat cats" have no fucking clue what's happening here.
And don't give me that "teh peple is smartier than u think elits!" stuff. No Fucking Clue - those same folks who are lighting up the phones benefited from the bubble and not only encouraged wall street's excesses but demanded them.
― rogermexico., Tuesday, 30 September 2008 15:04 (fifteen years ago) link
we have a republic folks, not a "democracy"
― Mr. Que, Tuesday, 30 September 2008 15:06 (fifteen years ago) link
I love the tone of some of the bank ads you can see these days:
http://m1.2mdn.net/1782910/LAT_IO56888_Pacific_Premier_Bank.gif
― Ned Raggett, Tuesday, 30 September 2008 15:07 (fifteen years ago) link
There's an assumption being made here that the American public is as well-informed about these issues as the elected officials currently dealing with them that's being completely hand-waved here. If I believed that this were in any way, shape or form true and I had even the slightest ounce of faith in the American public's ability to deal with a financial crisis and I thought that entire story with all of its gory details was being disseminated and understood by the American public, I would be less dismissive of your position.
xp or basically what Roger said, only really I think we're completely fucked because these same idiots elected the current Congress and half of them can't seem to tie their shoes without an aide's help
― i am the small cat (HI DERE), Tuesday, 30 September 2008 15:08 (fifteen years ago) link
If the approval of the American people has no bearing on the decisions of congresspeople, then those congresspeople do not represent the American people.
"Your representative owes you, not his industry only, but his judgment; and he betrays, instead of serving you, if he sacrifices it to your opinion." - Edmund Burke
That said, fuck the bailout.
― Dr Morbius, Tuesday, 30 September 2008 15:09 (fifteen years ago) link
You know, I haven't seen any of those annoying WaMu ads lately. What's up with that?
― sturt banton (burt_stanton), Tuesday, 30 September 2008 15:10 (fifteen years ago) link