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New York, 8:09 PM
Fri Dec 4
58 posts in the last 24 hours

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    Insatiable and Expanding Banks Usher In Oligarchy

    Neil Young For Treasury Secretary

    Auction Houses Try And Fail To Sell Famous Paintings

    Strippers! Nose Jobs! Six Easy Ways To Explain Economic Disaster

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of Uncle_Billy_Slumming Uncle_Billy_Slumming
    08/28/09

    In reply to Insatiable and Expanding Banks Usher In Oligarchy
    But there's all sorts of funny along the way, like Bloomberg, limited lie-ability, and Willkie Farr suing the Fed, because they're just good citizens and want only the best for the american peep-hole.
     Reply
    Uncle_Billy_Slumming was starred Uncle_Billy_Slumming was unstarred
    Image of AliHajiSheik AliHajiSheik
    08/28/09

    @Uncle_Billy_Slumming: Willkie's suit is a good thing, no? Isn't transarency always good, except as it relates to sausage making?
     Reply
    Uncle_Billy_Slumming promoted this comment AliHajiSheik was starred AliHajiSheik was unstarred
    Image of Uncle_Billy_Slumming Uncle_Billy_Slumming
    08/28/09

    @AliHajiSheik:

    No proof Ali, but I don't think it's a good thing. I think it just looks like a good thing.
     Reply
    Uncle_Billy_Slumming was starred Uncle_Billy_Slumming was unstarred
    Image of Unsolicited Advice Unsolicited Advice
    08/28/09

    In reply to Insatiable and Expanding Banks Usher In Oligarchy
    Considering small and mid-tier banks are failing by the hundreds, it seems to me that large central banks that can be stop-gapped all at once by a central regulator are preferential if governments are to play a key role in banking. They have to play that role, especially now that we're post-TARP and operating under the assumption that the banking system will not be allowed to fail as long as America can borrow money.
     Reply
    Unsolicited Advice was starred Unsolicited Advice was unstarred
    Image of Housebroken(mostly) Housebroken(mostly)
    08/28/09

    @Unsolicited Advice: While I'm usually of the mind set that any bank too big to fail is, in fact, too big- at least the jobs of regulators will be simplified.

    Assets at risk increased from $220bn to $300bn. The small $70bn increase probably means, that yes, it's small/mid banks that are suffering. However these banks typically deal with local businesses and people. Therefore it's not big nasty govt banks that are forcing them out of business, but JQ Public not paying his bills.
     Reply
    Unsolicited Advice promoted this comment Edited by Housebroken(mostly) at 08/28/09 9:58 AM Housebroken(mostly) was starred Housebroken(mostly) was unstarred
    Image of Unsolicited Advice Unsolicited Advice
    08/28/09

    @Housebroken(mostly):

    Since bank strategies at small banks tend to be homogenous, it's difficult to make the argument that the "competition" justifies the regulatory headache of having to work with hundreds of institutions in a collapse. Especially because those costs - lawyers, advisory fees, regulatory expenses generally - get passed to the banks and make running a small one impossible. You need the economies of regulatory cost scale to even function with SOX, standard audit, etc.
     Reply
    Unsolicited Advice was starred Unsolicited Advice was unstarred
    Image of son of spam son of spam
    08/28/09

    In reply to Insatiable and Expanding Banks Usher In Oligarchy
    There's a lot of money to be made in filling those cracks.
     Reply
    son of spam was starred son of spam was unstarred
    Image of SidAndFinancy SidAndFinancy
    08/28/09

    In reply to Insatiable and Expanding Banks Usher In Oligarchy
    Pssst! "Raising rates on deposits" would benefit customers. Thanks, benevolent oligarchs.
     Reply
    SidAndFinancy was starred SidAndFinancy was unstarred
    Image of Thomas Paladino Thomas Paladino
    08/28/09

    In reply to Insatiable and Expanding Banks Usher In Oligarchy
    This Obama guy is really working out splendidly.
     Reply
    ShanghaiLil promoted this comment Thomas Paladino was starred Thomas Paladino was unstarred
    Image of ShanghaiLil ShanghaiLil
    08/28/09

    @Thomas Paladino: Do me a favor? Look up? Do you see a bridge? Are there three goats on it? Yeah. Thought so.
     Reply
    ShanghaiLil was starred ShanghaiLil was unstarred
    Image of AliHajiSheik AliHajiSheik
    08/28/09


    @Thomas Paladino: The BankofAmerillWide merger, the Citi rescue, Goldman's acquisition of the US, and the events that precipitated this mess, all happened under Bush. You cock.
     Reply
    The Real JR promoted this comment AliHajiSheik was starred AliHajiSheik was unstarred
    Image of skippywasserman skippywasserman
    08/28/09

    @AliHajiSheik: Hey, do you mind? They guy was making a point, not trying to make a well-reasoned or rational point. That's the problem with you libtards, always wanting facts to back up your ideas rather than the other way around.
     Reply
    Paul_Is_Drunk promoted this comment skippywasserman was starred skippywasserman was unstarred
    Image of MisterHippity MisterHippity
    03/23/09

    In reply to Neil Young For Treasury Secretary
    The song is good. I liked it.


    The video is quite possibly the worst music video ever made.

     Reply
    MisterHippity was starred MisterHippity was unstarred
    Image of GuyBitchy GuyBitchy
    03/23/09

    In reply to Neil Young For Treasury Secretary
    The money goes to the owners of our government: the Federal Reserve and it's private stock holders.


    They control the wallet of this nation. Control the wallet and you can control everything.


    End of story.

     Reply
    GuyBitchy was starred GuyBitchy was unstarred
    Image of GuyBitchy GuyBitchy
    03/23/09

    @GuyBitchy: its
     Reply
    GuyBitchy was starred GuyBitchy was unstarred
    Image of Sproing Sproing
    03/23/09

    In reply to Neil Young For Treasury Secretary
    Well, we'll always have "Powderfinger."
     Reply
    Sproing was starred Sproing was unstarred
    Image of uninspired uninspired
    03/23/09

    In reply to Neil Young For Treasury Secretary
    His lyrics have taken a nosedive in recent years, but this is far better than Paul McCartney's "Talkin' bout Freedom", which almost negated his work from the previous 40 years.
     Reply
    uninspired was starred uninspired was unstarred
    Image of GuyBitchy GuyBitchy
    03/23/09

    @uninspired: Sadly, true.
     Reply
    GuyBitchy was starred GuyBitchy was unstarred
    Image of allyzay allyzay
    03/23/09

    @uninspired: wait, you guys seriously think the lyrics to "talkin' 'bout freedom" are worse, as opposed to on par with, the lyrics to, say, "uncle albert/admiral halsey"?
     Reply
    allyzay was starred allyzay was unstarred
    Image of jasonelias jasonelias
    03/23/09

    @allyzay: Lyrically "Uncle Albert/Admiral Halsey" is wanting, but it's a gorgeous record to me. Something like "Talkin' Bout Freedom" has bad/putrid lyrics and musically, it's even worse.
     Reply
    jasonelias was starred jasonelias was unstarred
    Image of uninspired uninspired
    03/23/09

    @jasonelias: Yes...to me, "Talkin' About Freedom" is a prime example of lazy songwriting.
     Reply
    uninspired was starred uninspired was unstarred
    Image of Pareene Pareene
    03/23/09

    @uninspired: hahaha paul mcartney has been a shitty shitty lyricist FOREVER. come on.
     Reply
    Pareene was starred Pareene was unstarred
    Image of Smitros Smitros
    03/23/09

    @Pareene:


    Of silly love songs. But what's wrong with that?

     Reply
    Smitros was starred Smitros was unstarred
    Image of allyzay allyzay
    03/23/09

    @Smitros: A LOT. A LOT IS WRONG WITH THAT.
     Reply
    allyzay was starred allyzay was unstarred
    Image of Pareene Pareene
    03/23/09

    @Smitros: nothing is wrong with it when, like, you have a kick-ass fucking hard rock song about an amusement park ride. it is way less awesome when you have a twee little ditty about how awesome christmas is.


    TO BE FAIR neil's a completely ridiculous lyricist and always has been (RIDE MY LLAMA), a couple of wonderful gems aside.

     Reply
    Pareene was starred Pareene was unstarred
    Image of Smitros Smitros
    03/23/09

    @allyzay:


    Truly, I concur.

     Reply
    Smitros was starred Smitros was unstarred
    Image of jasonelias jasonelias
    03/23/09

    In reply to Neil Young For Treasury Secretary
    I like it, it's Neil Young-y.
     Reply
    jasonelias was starred jasonelias was unstarred
    Image of ADismalScience ADismalScience
    03/23/09

    In reply to Neil Young For Treasury Secretary
    It's better to burn out, Neil. Remember? For the love of god, find some matches.
     Reply
    ADismalScience was starred ADismalScience was unstarred
    Image of edisdead edisdead
    03/23/09

    In reply to Neil Young For Treasury Secretary
    WOW this is so much easier (and catchier!) than reading DeLillo's _Cosmopolis_.
     Reply
    edisdead was starred edisdead was unstarred
    Image of Pareene Pareene
    03/23/09

    @edisdead: HAH
     Reply
    Pareene was starred Pareene was unstarred
    Image of Kid Twist Kid Twist
    03/23/09

    In reply to Neil Young For Treasury Secretary
    Hey, Neil: AIG does not bother me. Does your conscience bother you?
     Reply
    Kid Twist was starred Kid Twist was unstarred
    Image of crotchety crotchety
    03/23/09

    @Kid Twist: Gold star. Gold star.
     Reply
    crotchety was starred crotchety was unstarred
    Image of blix blix
    03/23/09

    @crotchety: Seconded
     Reply
    blix was starred blix was unstarred
    Image of Botswana Meat Commission FC Botswana Meat Commission FC
    03/23/09

    In reply to Neil Young For Treasury Secretary
    I'm waiting for Lady Gaga's take on credit-default swaps.
     Reply
    Botswana Meat Commission FC was starred Botswana Meat Commission FC was unstarred
    Image of Smitros Smitros
    03/23/09

    @Botswana Meat Commission FC:


    And I likewise anxiously anticipate Jewel's discussion of special investment vehicles.

     Reply
    Smitros was starred Smitros was unstarred
    Image of WackoJacko WackoJacko
    03/23/09

    In reply to Neil Young For Treasury Secretary
    COMMENTER COPYEDITING SUGGESTION FOR THE DAY:


    "If you dislike repetition and laughably simple political non-statements THEN you may not like this, but if you like crunchy guitars alternating with pretty harmonies than this will basically be right up your alley."

     Reply
    WackoJacko was starred WackoJacko was unstarred
    Image of Pareene Pareene
    03/23/09

    @WackoJacko: lay off you guys it's MONDAY
     Reply
    Pareene was starred Pareene was unstarred
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