Crestfallen Studios

http://market-ticker.denninger.net/archives/587-The-Mother-Of-All-Frauds.html
I've been following the financial markets for about a year now. I can't believe it's come to this. What an outrage.

Lun

All Empires fall, most of the greatest ones fell to either corruption (HINT: this) or economic instability (1+1 free).

The passing of this bill will serve as an omen for the near future of this one.

Honestly, I have no confidence Bernanke and Paulson. I watched the Senate hearing today and I was just disgusted.

Paulson tried to play off his power grab, but I think Krugman of the New York Times has it right.
http://krugman.blogs.nytimes.com/2008/0 ... -and-lies/


However, there is one person in Congress that seems to "get it." Or at least a lot of it.
http://www.youtube.com/watch?v=S27yitK32ds

There are alternatives that are at least worthy of discussion.

1.http://www.fedupusa.org/

2. Michael Shedlock
http://globaleconomicanalysis.blogspot. ... llion.html

3. John Hussman
http://www.hussmanfunds.com/wmc/wmc080922.htm

Lose some money Lun?

No, I've been short selling the financials (they banned this practice, but they did not force current shorts to cover) and CRE companies, so I've made pretty decent money.

There are better solutions than Paulson's plan. I'm glad it got shot down.

190+ Economists Against Paulson Plan
http://faculty.chicagogsb.edu/john.coch ... rotest.htm

Example of a better plan
http://www.tavakolistructuredfinance.com/TSF8.html

"I could be wrong, and I have been wrong lots of times."

Anyway, I think I have decided to rent a $300/month apartment the rest of my life in America.

I've actually been thinking about looking for Biochem graduate studies overseas. If McCain/Palin end up winning this election, this endeavor would be an even stronger option for me, because I really am disgusted with the blundering of recent years. The last 8 years have been that incredible.

Where is the "kill them all" plan? While they're busy pushing private agendas under the guise of fixing the situation, someone should be pointing out the accountable parties... and killing them. You'd think that in a half-decent country, we'd have just a little civil unrest (with ninja).

Porter wrote:Anyway, I think I have decided to rent a $300/month apartment the rest of my life in America.

Oh, you didn't hear? In celebration of our continued loyalty, Lun has decided to buy us all a mansion. I call the 2-story room with the balcony.

Porter wrote:If McCain/Palin end up winning this election...

... we will all be boned. I wouldn't be suprised if they started a war with Iran if they came into office.

Well, the two plans that have gotten through to the vote have proved one thing in this whole messed up situ.

1) The inept rich will not struggle and will stay rich
2) The poor bastards like you and I will continue to struggle


Isn't it McCain who pushes for less market regulation? These greedy bastards need babysitters.

Brad Sherman explains some of the reasons why the Paulson bill sucks.
http://www.c-spanarchives.org/flash/pla ... 1:57&net=1

Porter wrote:Well, the two plans that have gotten through to the vote have proved one thing in this whole messed up situ.

1) The inept rich will not struggle and will stay rich
2) The poor bastards like you and I will continue to struggle


Isn't it McCain who pushes for less market regulation? These greedy bastards need babysitters.

Capitalism, eh? You should see how badly Gordan Brown has fucked over the British economy. There is actually a list of his crap decisions on Wikipedia.

LOL... The Prime Minister of Australia calls these people "capitalist extremists".

I think we should build an underground bio-dome in Antarctica. Then when zombies take over the earth, super-intelligent AIs start nuking everything, people get infected with alien super-plagues, we get hit by a meteor and everybody starts killing each other, we'll be okay. We'd miss the coolest apocalypse ever, but that's not the point.

THEN WHAT, PRAY TELL, IS THE POINT MY GOOD SIR!

We'd be able to tape it and go "Ha! Told ya so!"