« September 14, 2008 - September 20, 2008 | Home | September 28, 2008 - October 4, 2008 »

Week of September 21, 2008 - September 27, 2008

Did WaMu Fail Cause it Hired Too Many Minorities?


Why WaMu failed...

In order to suceed--a bank-- like the Republican Party, needs to be comprised of a majority of white, heterosexual men.

At least, that is the twisted logic of the National Review...

Ron Suskind in Today's NY Times


The Crisis Last Time

Suskind drags an important teaching moment out of the collective memory hole.

I am living in a land so ravaged by brain dysfunction that nobody has anything more than a very short term memory. We are unable have a national conversation that spans events of more than a couple of days in duration. We have one presidential candidate that cannot remember, in the afternoon, what he promised in the morning.

In a traditional society, the old ones represent the living history of the tribe. They can remember those events that preceeded the existence of the younger members, and provide continuity of cultural memory across the generations.

We have no such institution. We are a people unable to remember our past.

Krugman Just Now


This is nuts

Ok, Hank want to buy the distressed securities for the ORIGINAL value of the Note? Gee, and if home values continue to decline? What a deal for the taxpayer! Not!

Transparency


I don't often agree with Richard Cohen, but in this column he addresses one of the root causes of the financial clusterFreakOut--that the guys in charge relied on young, computer savvy operators to automate calculations they could not understand--nobody really knew what any of this crap was worth. It was all opaque.

There was no transparency

There is this great scene in the movie 'Sneakers' where they are trying to instruct the blind guy in  how to drive the truck from the roof of a building, over the radio. Even though he could not see-the essence of a self regulating cybernetic sytem was there--move--measure--correct.

None of the guys running the show were able to measure the changing state of their situation--so they were unable to correct it--and no matter how much junk they packaged--there were always buyers for it--so the fact that they could not tell how far they had drifted from the shore was only a nagging little concern in the back of their brains.

The Man Who Broke The Bank


The Man Who Broke the Bank at Monte Carlo --by Fred Gilbert


I've just got here, through Paris, from the sunny southern shore;
I to Monte Carlo went, just to raise my winter's rent.
Dame Fortune smiled upon me as she'd never done before,
And I've now such lots of money, I'm a gent.
Yes, I've now such lots of money, I'm a gent.

As I walk along the Bois Boolong
With an independent air
You can hear the girls declare
"He must be a Millionaire."
You can hear them sigh and wish to die,
You can see them wink the other eye
At the man who broke the bank at Monte Carlo.


I stay indoors till after lunch, and then my daily walk
To the great Triumphal Arch is one grand triumphal march,
Observed by each observer with the keenness of a hawk,
I'm a mass of money, linen, silk and starch -
I'm a mass of money, linen, silk and starch.

As I walk along the Bois Boolong
With an independent air
You can hear the girls declare
"He must be a Millionaire."
You can hear them sigh and wish to die,
You can see them wink the other eye
At the man who broke the bank at Monte Carlo.

I patronised the tables at the Monte Carlo hell
Till they hadn't got a sou for a Christian or a Jew;
So I quickly went to Paris for the charms of mad'moiselle,
Who's the loadstone of my heart - what can I do,
When with twenty tongues she swears that she'll be true?

As I walk along the Bois Boolong
With an independent air
You can hear the girls declare
"He must be a Millionaire."
You can hear them sigh and wish to die,
You can see them wink the other eye
At the man who broke the bank at Monte Carlo.
 

The World is Watching


"The whole world is watching to see if we can act quickly" --George W Bush

Actually, the whole world is watching as the American initiated financial crisis creates a black hole that has begun to pull everything into it with no hope of escaping it's gravity.

Harry Reid is quoted as saying: "We knew Bush sucks, but this is ridiculous."

Scientists at Cern expressed envy, given that their Hadron SuperCollider is down for 2 months while it is being  callibrated--they had been hoping to be the first to create a man-made black hole.

The Jackals and Hyenas of Capital


And now a new set of predators emerge from the dark with razor teeth to savage the crippled....

Foreclosure Fraud

These people operate with impunity because they fear no System of Justice. They KNOW they can get away with it.  Heckofa job Bushie.

McCain and the POW Coverup


Anybody wishing to explode the mythic persona of John S McCain needs to read this article in the Nation by Sidney Shanberg. Mr Shanberg won the Pulitzer in 1976 for his Cambodia reporting. This article reveals the lengths to which John McCain has been prepared to go to shield the Pentagon from critics of their handling of VietNam era POW/MIA's.

Click Here
« September 14, 2008 - September 20, 2008 | Home | September 28, 2008 - October 4, 2008 »

c4Logic

user-pic

Following:
Followers: 9

Posts
Comments & Recommends


  • Politics I'm into the Politics of Experience

Favorites

  • Favorite Books 100 Years of Solitude Cat's Cradle Heart of Darkness The Penultimate Truth
  • Favorite Quotes "Of course your theory is crazy, but is it crazy enough?" Niels Bohr

    "Quite clearly, our task is predominantly metaphysical, for it is how to get all of humanity to educate itself swiftly enough to generate spontaneous social behaviors that will avoid extinction." Buckminster Fuller

Bio

I was raised by a kindly old gentleman in the wilderness near the Rio Branco. He died of natural causes when I was 16, and I drifted down river in a bark canoe not knowing what I would find and eventually arrived at a settlement of Franciscan missionaries.It was then I discovered that we had not been the only white men left after the Nuclear Holocaust, that in fact, there had never been a Nuclear Holocaust, and there was no need to forge our own bronze and iron and live off the bounty of the rain forest. I was probably kidnapped as a small child. I have dim memories of someone called Mae and Pai. I wandered the Pan American highway till I settled for a time in Zipolite, Mexico, where I worked as a silversmith. Eventually I met a beautiful young woman who was independently wealthy and she married me and took me to live in N Ca where we live on a cliff overlooking the Pacific. I have my own forge, and do blacksmithing for the local horses, in addition to my silver and bronze work. Adaptation to modern civilization has been a challenge for me ever since I realized I was deprived of my natural family and raised by someone who, though kind, must have been something of a lunatic. He did teach me many practical survival skills, however so I guess he wasn't all bad. I have ambivalent feelings about my whole childhood.

All Reader Posts
How to use myTPM

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address