- Morgan Stanley and Goldman Sachs aren’t fancy investment banks anymore, they are just regular old banks, because they need money now and the only money they can get is through deposits. [New York Times]
- John McCain wants Warren Buffett and Mitt Romney to oversee the bank bailout. [Reuters]
- Speaking of Warren Buffett: he was one of the few financial sages to look down the road, see the problem with credit default swaps, and get out of the business before it bit him in the ass. [Reuters]
- The presidential and vice presidential candidates are preparing for their debates by trying to find proxies who are as grumpy, pedantic, loquacious, and empty-headed as they are. [Wall Street Journal]
- Barack Obama is pulling his staffers out of North Dakota so that they can turn their attention to states he has a prayer of winning. [USA Today]
- The new president of Pakistan and his prime minister would have been killed in the Marriott bombing in Islamabad if they had gone to dinner there as planned. Instead they changed their plans, but nobody is saying why. [Guardian]
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{ 41 comments }
hahahahahahahahahahahahaha. See what happens McLame when you pick a woman just so you can USE her to do the things you can’t manage yourself, such as draw a crowd or get any attention?
If you had swallowed some pride and ego and picked Mitt, he would have saved your ass last week in a big way and made you look a whole lot better and a whole lot smarter than you are. What has ‘Foreign Experience’ Moose Droppings done for you lately?
That’s what you get for USING a woman – you lose!
hahahahahahahahhahahahahahahahahahahahahahahahahaha
“And to prepare, Sen. McCain will spar this week in mock debates with Michael Steele. Mr. Steele, the former lieutenant governor of Maryland and a prominent black Republican, will play Sen. Obama and use many of his speaking patterns, tactics and body language.”
The only thing Michael Steele (the loneliest man in PG County, Maryland) has in common with Obama is that both have ancestors/relatives who came the US from Africa. I guess McCain wanted to get the feel for actually talking to a black person.
So Morgan and Goldman are going to deal with real money instead of voodoo money. Sounds good. Count me in. Oh wait. I don’t have any real money.
You know, when my car and I are tumbling into a river, thanks to a collapsing interstate bridge in desperate need of maintanence for many years, I’m just going to say to myself, ‘Well, at least some obscenely paid douche bag working in the financial sector didn’t lose his shirt over all those stupid investments he made.’ That will be a consoling thought.
[re=102993]Terry[/re]: Is Steele going to breakdance?
Perhaps we should get the President of Pakistan to oversee our financial markets?
did michael Steele do porn? cause ya know, that’s a hardcore name. I’m jus sayin..
You know, I know McCain is a jackass, but when he says things like he’d like to ask Obama to run his “community organizing program” and Mitt to run the economy, it proves he is a giant jackass. Really smart to take people you really hate and put them into important positions that will make or break you.
Of course Romney and Obama are too smart to take losing jobs like this anyway and you can be sure he will give hand the economy over to even bigger jackasses like Phil Grahmn or Carly Fiorina.
Once again – first rate people hire first rate people. Second rate people hire third rate people. Evidence: Sarah Palin.
[re=102993]Terry[/re]: Does this mean that McWhitebread is going to greet Obama at the debates with “What up cuzz” and begin every answer with “yo, check it…”? Because if so these are going to best debates ever!
Why so serious Walnuts? I’m thinking it’s because Cindy told him that his holdings in Zeppelin Inc and Confederated Slave Holdings would be lost if he didn’t do something besides push for a blue ribbon commission.
[re=103000]ProgHead777[/re]: And he will end each answer with, “Yah feelin’ me?”
But credit default swaps — complex derivatives originally designed to protect banks from deadbeat borrowers — are adding to the turmoil.
Why is it that any time something goes massively wrong on Wall Street it’s always related to some bizarre financial instrument with imponderable rules that no one outside a few high powered brokerage firms has ever heard of until 15 minutes ago?
Now let me get this strait: Paulson wants us (the taxpayer) to give him 700 billion (or is it 1.8 trillion) to bail out a bunch of wall street hacks (who can’t add) with absolutely NO oversight? How does it go? Oh yeah. When lipsticked pigs fly, dickhead.
Maybe we’ll get lucky and Walnuts will have to fire Rick ‘Pigfucker’ Davis today, since it turns out that Pigfucker was paid about 2 million for ‘access’ to Walnuts. In this case, ‘access’ mean ‘salad tosser’.
http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?ref=us
Other TOP Choices to Oversee Mortgage Crisis:
– George Baily: managed the bailout of the Building and Loan.
– Erin Burnett: looks great on TV and can talk for 30 seconds about this shit without a teleprompter
– Mr. Drysdale: Eminent, conservative banking industry leader
[re=103004]Serolf Divad[/re]:
Makes you wonder how many other wolf in sheep’s clothing type of things there are out there, doesn’t it? Take a crummy and potentially dangerous idea, make it seem too complex to understand or really dull as a means of camoflage, and have a grand old time making your profits. Then when the whole thing collapses, get the government to cover your loses as a means of limited the damage you caused. How do these guys sleep at night?
If I were Joe Biden, I would practice against Tina Fey.
Michael Steele’s sister used to be married to Mike Tyson, who seems to have the same financial acumen as Henry Pauslon.
[re=102993]Terry[/re]: –wanted to get a feel for actually talking to a black person that wasn’t doing menial labor for him.
/fixed
I’m headed down to Broad Street to get my GS account and FREE toaster!
morgan stanley? they’re the best? jesus help me.
don’t go crying to the sec buttboys.
full service brokerages are something other than you might think.
So they get Steele to try to provoke McCain and explode with something like “shut up, you ignorant jungle bunny!” so they can tell him that is not OK (and/or increase/decrease his meds dosages)?
Jeez, it is as if the Republicans have to make a “they just don’t do not get it” move every few days in case we forget how out of touch and white they are.
[re=103029]njdon[/re]: what? THEY are the ones providing the 4-Diamond Whore services? Because I didn’t see anything about that in my prospectus.
“Barack Obama is pulling his staffers out of North Dakota so that they can turn their attention to states he has a prayer of winning”
I thought it was in the constitution that we have separation of church and Wonkette
I want Jimmy Buffett to oversee the bank bailout.
[re=103004]Serolf Divad[/re]: Because those are the things that aren’t regulated yet. Wall Street is constantly opening up new territory to turn into a wild west atmosphere where they can loot and pillage. Good thing they had Phil Gramm there to make sure regulations didn’t get in there before it turned into a total disaster….
Notice that one candidate’s economic advisor saw this was a problem 5 years ago and saw how it was going to end, and the other’s economic advisor CAUSED the fucking problem. Could the choice on who’s more qualified on the economy be any more clear cut?
And note this quote from that WSJ article:
“Here is some of what the advisers are telling their candidates, based on interviews with both campaigns:
To Sen. McCain: Don’t be so ‘brutally honest’ that you spell out what you don’t know, such as the imploding economy. Don’t let early jitters make you come off as ‘testy.’ Those superstitious tokens? Make sure they are handy so you aren’t thrown if you can’t find them. Don’t overuse your favorite semantic crutch, ‘My friends.’”
Just what “superstitious tokens” are we talking about here? The mind boggles.
[re=103063]Doglessliberal[/re]: Cindy lets him borrow the jar she keeps his nutz in for big events.
[re=102996]Delicious[/re]: Not sure about breakdancing, but Michael Steele is not above a little shuckin’ and jivin’ to get a Republican elected.
[re=103063]Doglessliberal[/re]: A pocket full of Werhter’s Originals.
[re=103069]grendel[/re]: I think Cindy shares custody of the jar with Mom McCain.
[re=103015]Terry[/re]: How do these guys sleep at night?
On big, fluffy piles of ill-gotten money.
[re=103121]user-of-owls[/re]: oh, but they ARE suffering! See, they need discounts on plastic surgery:
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/15/AR2008091503208.html
[re=103063]Doglessliberal[/re]:
McCain keeps a lucky pair of Ben Wa balls that he “caught” in mid-flight at a live sex show in Bangkok while on shore leave in early 1967… sorta the way a spectator at a baseball game might catch a foul ball or a home run that winds up in the stands. He tends to roll them around in his hands like Lt. Cmdr. Francis Queeg in the Herman Wouk play “The Caine Mutiny Court Matial.”
[re=103143]Serolf Divad[/re]: you know, this could SO much be true.
Let’s elect Warren Buffet President of Wall Street. No, Grand Duke of Our Hearts. Let’s just give him the $700 billion to invest, we might actually see some return.
http://thesebastards.blogspot.com/
you wiggers are soo right.. it’s sad.
[re=103019]WadISay[/re]: brilliant!
i asked one the rednecks on my job why would mc cain pick steele ( after I told him who steele was and we LIVE in Maryland!). His first answer was because he’s Black. That settles it for me. Fuck Politico and KOS’ polls. I’m getting all my “facts” from those hard working blue collar white hillbillies I work with. They’re all back from the NASCAR races in Dover.
I like Warren Buffet better when he was a cool hippie dude laying on the Margaritaville dock on the bay, gazing into the sunset with bloodshot eyes and a broken down guitar laying by him. The tourists would come and drop coins into his open, fly-covered mouth and then go swimming with the dolphins. And we would all get drunk and then gawk and throw cocktail umbrellas at teh gayz as they promenaded in their sarongs and leather things.
Why not Herman Wouk or Helen Bransford to manage them big city banks? Or the Mittens boys, Trick, Bend, Jizz, Toke and Elmo? They’ve been on the daddy dole for years (no offense to Bob) and know how to manage the public tryst.
http://www.margaritaville.com/
Maybe not so much on Mittens. That secret holy underware thing skeers me.
But ole Mikey Bloomburg or the Omaha Sage, not such a bad idea. At least they have enough fuckin’ money that you don’t have to worry about them stealing any–and they have both promised most of what they have got to charity when they leave this mortal coil.
[re=103052]grendel[/re]: “Notice that one candidate’s economic advisor saw this was a problem 5 years ago and saw how it was going to end, and the other’s economic advisor CAUSED the fucking problem.”
I want to hear this line over and over during the debates. I want the airhead pundits parroting this until I get sick of hearing it; which would be right about Nov. 4, I think.
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