OK, this dude Clayton has completely sold out. I remember a few years ago he used to be on this AWFUL morning show on some cheapo network (UPN? can't recall) that my wife would turn on while she was heating up the curling iron in the morning.
Basically it was blatantly obvious that Clayton was a raving liberal and would essentially spent a few minutes every day bashing Dubya and answering angry letters from viewers. It wasn't half bad actually.
I was shocked when I happened to spot the guy on Fox and Friends recently.
Those fucking Commies and their god damn complicated tax forms. It's a racist conspiracy. There are people coming after me and my family. This is what I've been warning about.
I know just enough about chess to know that the game consists of pawns and kings and the board is black and white. But WTF is up with having a WOMENS ONLY division? Last time I checked, men and women's brains are pretty damn equal when it comes to game playing ability.
@Excusado: I remember getting wacked by the Georgia State Champion years ago, who was also a very beautiful 18 year old woman. She was so beautiful I couldn't concentrate on the actual game.
Also, she was a great player.
The funniest thing about this is that apparently some chess players have endorsement deals with supplement companies.
Actually, I picked up some clearance bottles of the product in question at the 99 Cents Only store last year. Not only didn't it make me think faster, I still didn't know when the best time is to move your horsy guy.
@TedSez: Oh god! I know how to play chess and I know what all the pieces are called, but nothing is more fun than calling the pieces "horsey guy" or "nipple head guy" and moving them incorrectly when playing against someone who takes chess far too seriously.
@anonymousryan: I love moving pieces in the wrong way when playing against my wife. It's great fun. She gets extremely frustrated when I "double jump" with my pawns.
@anonymousryan: When I was a kid I would play with my older brother. Every time he took one of my pieces he would smash it with his and scream, "die pawn scum, DIE."
@Pope John Peeps II: But what's the legal statute? I can kind of see a libel suit for impersonating someone on an internet newsgroup (assuming you could even prove the guy did it). But suing for getting voted out of a private organization? Craziness!
@anonymousryan: I think they are suing over the organization's allegations that they impersonated someone; I take it they are denying they did so, thus the allegations are libelous.
No finance wizard here, but if I understand they were the only bank shorting the mortgage shit they were also hawking, so, if true, fuck you very much goldman suchs.
@RonnSicTorossian: It's called hedging. I'm no GS proponent, but it's a sound, if "unfair", market tactic based primarily on being smarter than the lowing, baa-ing hordes of traders.
It has to be said that, whatever responsibility GS and other financiers may have for lying, much of the general citizenry were all too happy to throw common sense to the wind and gobble up low-cost loans. I hope that today's difficulties will point us back to a few tired truisms (such as, "There's no such thing as a free lunch") and build up our skepticism for the next round.
@The Lone Scout: There's another truism, this one by HL Mencken. The thing about nobody ever going broke underestimating the stupidity of the American public? If we know people are stupid and live beyond their means and take up debt they can't pay back, then really the only solution is to, you know, maybe, uh. . . rules. . . that . . . prevent . . . companies . . . from . . . exploiting . . . stupidity.
@gawkimo: Mencken also commented, "Capitalism undoubtedly has certain boils and blotches upon it, but has it as many as government? Has it as many as marriage? Has it as many as religion? I doubt it. It is the only basic institution of modern man that shows any genuine health and vigor." And I would rather that we all learn to protect ourselves than allow the Gummint to decide what we need protecting from.
@The Lone Scout: The problem is, of course, being mad that GS got away with what it did is in no way a condemnation of capitalism -- it's a condemnation of CRONY capitalism. CRONY, being the operand. And I don't think Mencken would have thought much of Goldman Sachs running the Treasury Department and letting its competitor go under before sending federal dollars to the rescue of some other enormous banks. Because you and I both know that giving taxpayer money to huge investment banks is not capitalism. (PS: Goldman Sachs paid back $10 billion. It got an additional $13 billion from AIG. So let's nip that one in the bud right now.)
There are no doubt a plethora of internal memos within these firms, written by the quants who built the models in question, that refer to the parameter and performance limitations that could be expected when using these models. Likely, the executives disregarded these limitations or pretended to understand what they were but really had no clue. This is where the congressional investigation should focus. Given the fact though that most Senators don’t even know what a VIP mortgage is even though they got one it is unlikely that they or their just out of college aids will look in that direction.
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Basically it was blatantly obvious that Clayton was a raving liberal and would essentially spent a few minutes every day bashing Dubya and answering angry letters from viewers. It wasn't half bad actually.
I was shocked when I happened to spot the guy on Fox and Friends recently.
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oh definitely. not knocking him.
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Seriously, there's nothing to comment on here, right? This is just simple twatwafflery.
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Also, she was a great player.
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Actually, I picked up some clearance bottles of the product in question at the 99 Cents Only store last year. Not only didn't it make me think faster, I still didn't know when the best time is to move your horsy guy.
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-Sam Sloan
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