The panic of '08

posts about #thepanicof08 more →
MySpace's Future: Online Slum for Depression Refugees
Suicide Kicks Off Tax-Cheat Hell Week
Bailout Architect Bailed Out By Lies
CNBC: We're Self-Chastening, Like Any Respectable GE Product
CNBC's Uncomfortable Dinner with Its Overlords
Is This Bernie Madoff Dressed As a Pimp?
Obama Hurt Bankers' Feelings, And They're Angry
Wall Street's Newspaper Slaves
AIG-ers Return Bonuses To Man Who Has Their Addresses
Obama Won't Stop Cracking Up For 60 Minutes

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unclevanya
11/03/09

In reply to MySpace's Future: Online Slum for Depression Refugees
Will my next Sapartacus Guide be covering faygeleh favelas? #myspace
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Jackson West
11/03/09

In reply to MySpace's Future: Online Slum for Depression Refugees
Is favela chic sort of like heroin chic, but with more rhythm? If so, I'm in. #myspace
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If_I_Had_a_Poodle
11/03/09

In reply to MySpace's Future: Online Slum for Depression Refugees
We are all favelas now. #myspace
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BunnySkull
11/03/09

In reply to MySpace's Future: Online Slum for Depression Refugees
What's this future crap? MySpace has been a shantytown for the unemployed (& aesthetically impaired) for ages. #myspace
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BadUncle
11/03/09

In reply to MySpace's Future: Online Slum for Depression Refugees
Depends. How's the MySpace feijoada? #myspace
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i'm a bottle
11/03/09

@BadUncle: It's impossible to find farofa on Facebook. #myspace
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PaisleyPajamas
09/16/09

In reply to Suicide Kicks Off Tax-Cheat Hell Week
I'm curious whether Finn's tax obligation is actually $100 million in tax, or $100 million total after the completely effed way in which the IRS tallies their penalties, interest and compounded f*ck-you-in-the-bum accounting of taxpayer wrongdoing.

Suicide? These Repugs really take it seriously when they say they don't want the gub'ment spending their money, don't they?
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FormerEnglishMajor
09/16/09

@PaisleyPajamas: What does it matter (it does include fines, by the way)? So he dodged $50 mil or $25 mil or $70 mil? It's still him sucking money out of the country that he profited from, while the rest of us on ADP's automatic take-out-your-taxes payroll somehow pay 100% of our obligation.
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PaisleyPajamas
09/16/09

@FormerEnglishMajor: My interest was actually operating in the opposite direction than what you suggest: If he owed $100 million in unpaid tax ONLY, I grow pale and slightly nauseous to think what sort of penalties and interest this would accrue. If he were assessed those amounts in the same fashion that Joe Working Class is, his actually "amount owed" the IRS could be as high as a billion. Yeah, bullet in the head would seem like the appropriate answer in this case.
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son of spam
09/16/09

@PaisleyPajamas: Apparently, he was dying of cancer (renal).
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FormerEnglishMajor
09/16/09

@PaisleyPajamas: oops, sorry Paisley!

Even better, the IRS put liens on his four (grown) sons' trust funds, because they suspect the trusts haven't been playing fair ball either. Selling your name out for a few extra mil... damn, really - can it possibly be worth it? Hard to imagine ANY of the people deciding what to do this week even having to debate this. UBS is giving up the names of its clients to US authorities in a few months, according to the settlement. Seems like a big losing bet.

And all 4 sons went to Harvard Law - where Daddy donated tens of millions. Of money that was owed so, say, we could have a couple more childcare programs or a healthcare plan or God forbid, a lower deficit. How I hate tax cheats.
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PaisleyPajamas
09/16/09

@FormerEnglishMajor: No worries!

These are the SAME mofos who claim working class people dodge their taxes, or don't work at all and are a drain on the government? It boggles the mind the pathological level of a sense of entitlement these f*ckers have enjoyed.
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PaisleyPajamas
09/16/09

@son of spam: Karmic return in the form of a ticking time bomb of a tumor.
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PaisleyPajamas
09/16/09

@PaisleyPajamas: I finally got the link to allow me access to the story--high traffic!
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FormerEnglishMajor
09/16/09

In reply to Suicide Kicks Off Tax-Cheat Hell Week
Cry me a river. Not only are they crooks (hiding money offshore is just as illegal as money laundering or stealing), but they've had months to come clean. The UBS story (their advisors actively helping clients stash money offshore - which is where this all stemmed from) has been playing out the entire year.
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gabrielsong
09/16/09

@FormerEnglishMajor: & yet Insurance companies and Tyco Intl set up offshore addresses to evade taxes and are not aclled out on it?
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FormerEnglishMajor
09/16/09

@gabrielsong: Sir John Templeton moved to Bermuda to avoid taxes as well. It's wrong. You earn money in a country, you owe taxes in that country. I believe the TYC loophole has been closed. The Bermuda/insurance company one has not though I believe (will have to look up) they do have to report (though not pay) the earnings to the IRS.
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thatgirlinnewyork
09/16/09

@FormerEnglishMajor: don't forget that in light of your rationale americans who work overseas pay double--both local payrol taxes in their host country, and fed tax here. that's a whole lot of wrong.
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FormerEnglishMajor
09/16/09

@thatgirlinnewyork: oh that is not what I am saying. Templeton, Tyco, and the re-insurers like XL Limited are in Bermuda to avoid paying taxes, period. They are to whom I am referring (hence my posting under the Tax Cheat Hell Week). This has nothign to do with payroll tax issues with Americans working overseas. I do not even pretend to know enough about tax law to untangle that one.
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BalknChain
08/22/09

In reply to The Decline Of New York (Again)
hmm, lucrative business ideas:
1. cement shoe cobbler-mason
2. money launderer-launderer
3. pinstripe suit, pinstripe painter (nobody can afford the real thing now-think pantyhose seam crayon)
4. Folgers sales associates-bye Starbucks
5. organ grinder monkey trainer, I see them coming back-bye naked guitar guy or whatever
I could go on
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BalknChain
08/22/09

In reply to The Decline Of New York (Again)
Isn't the decline of New York how we ended up with "north" Jersey?
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ChillbearLatrigue
08/13/09

In reply to Bailout Architect Bailed Out By Lies
I really don't have much use for Paulson anymore, but the financial bailout is one of the major reasons why a lot of the economists are talking about economic recovery. It certainly wasn't the President's Day stimulus package.
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