"Treasury Secretary Timothy Geithner said Wednesday that he does not plan to serve if President Barack Obama wins a second term in November."

And you Mr. Bernanke, what are your plans for the future?

quit McD's yesterday after it raised the price of the large french fries by 15%.

This will mean jobs will be created and

but still on-topic:

1 currency now -yogi wrote:

Well, there is a tiny risk that the Euro will cease to exist, but let's ignore small numbers as good Economists do.

The spectacle of Ben being forced to accept modern-day Confederate currency ... in repayment of EU bank lending program collateral ... at $1.40 per ... would be absolutely hilarious.

If it weren't our money he'd lent out, that is.

The UberBen rocks out! Man oh Man -- Let's get UE up to 10% so real men like this can save us!!!!!!!!!!!!!!!!!!

YouTube - Let the Bodies Hit the Floor

Former Idealist wrote:

I think I caught Ben anticipating the end of his term. He's leaving the country in a shambles.

He inherited a mess, not unlike O. He's probably a lot more disillusioned, sad and maybe a bit more cynical than before he said "I do."

didn't patientrenter argue that FIRE needed inflation to justify its existence?

In the Q&A, Bernanke made it clear that even if inflation moved above the target - and unemployment was still very high - the Fed would only slowly pursue policies to reduce the inflation rate.

Cool. So when bread riots break out from the unemployed, it will be somebody-else's-problem.

There is no evidence that printing money creates jobs in the medium or long term...and certainly he or the Fed has no idea how there policies will effect the already unstable economic and social framework of the country. The one thing we do know is that he said higher inflation is ok with him and this WILL be DE-STABILIZING under all time frames and has a very high probability of not achieving his stated goals. Most certainly, like the '70's, money will flow to gaming the system and non-productive investment leading to a further depletion of the pool of savings necessary for true economic growth.

vtcodger wrote:

OK. I'm fine with that. But ... but ...but ... What the hell is the point of a swap like that?

Found this explanation
Swaps Will Get Dollars Into European Banks' Hands - WSJ.com

Why did the central banks take this action now?

In recent weeks, it has been more expensive and difficult for European banks to access dollars. This move makes it cheaper for them to obtain dollars through the ECB, and expands swap lines if conditions worsen in other markets.

What effect does this have on markets?

The move is more of a pressure-release valve than a direct action, and doesn't do anything to address underlying problems in Europe. By making it cheaper and easier for European banks to access other currencies,it reduces pressure on markets while policy makers search for a solution

What about the risks that the Fed is subject to?

Since the Fed isn't lending to banks directly, the risk is tiny. The ECB is responsible for giving the Fed its dollars back, so the central bank would have to collapse for the Fed to take a loss. The Fed also isn't exposed to changes in currency rates since the Fed gets back the amount of dollars it loans out. It also earns interest on the loans

Hmm, the collapse of the euro should do it, but I guess we would have bigger things to worry about if the Euro goes under.

Things are all that great in retail land...Mish reports on JC Penney going WalMart on us and then there's this:

Food Lion Closings: Food Lion Announces Store Closings - wtvr

...the grocery business is still quite tough, I see. We have one of these stores in my area and it is one of the ones that will close...

http://www.bankofengland.co.uk/publications/quarterlybulletin/qb110301.pdf

I'm already feeling more confident.

From The United Kingdom’s quantitative easing policy: design, operation and impact

Similarly, measures of confidence for households and firms
also improved markedly in 2009 following QE purchases.
Chart 15 shows that confidence for both consumers and firms
fell to between two and four standard deviations below recent
historical averages during 2008. However, those falls were
almost entirely reversed during 2009, as QE purchases were
being made. Again, it is hard to know how much of that
increase was due directly to QE purchases, given that there was
a global recovery in confidence during the period and action to
stimulate global demand from a range of countries. But the
movements are consistent with QE having reduced the
perceptions of large downside risks and uncertainty in the
economy as a whole during 2009.

Eric wrote:

Where's your website with all your analysis?

For the right price, you could sell him slumdog-calls.com!

Timmay be gone at the end of the first administration. Or so he says.

When asked his plans, he replied: "I have a carry permit, an unlimited American Express card, and a list of every blogger, miscreant, troll, and asshole that made fun of me, along with the GPS coordinates of each and every one of their URL."

The funny thing in the political discourse is the idea that the deficit is somehow "paid for" with real taxpayer "money", instead of just being imaginary electrons spontaneously generated at 33 Liberty and moved around faster than a credit card transaction.

We can’t do the simple math that proves the unaffordability of today's safety net programs, or all the government we now have. We will fall for the con job that says we can just plow ahead and someone else will pick up the tab.

Can Mitch do the "simple math" where something from nothing is nothing?

Or are we heading towards something genuinely apocalyptic - say, the yuan appreciating versus the .

c'mon man, the 20 only kicks in when they win for you

How to piss off allies as well as savers:

Risk is on: Aussie goes vertical on Fed - The Tell - MarketWatch

Benefits of austerity? Admittedly, Wist-consin is the cheese state and maybe cheese futures aren't tasty:

Econbrowser: Dispatches (XIX): Wisconsin Employment Hemorrhaging Continues

Gold 1,711 +46 +2.78%

10yr T-note 2.01 -0.06

Hmm

scone wrote:

Risk is on: Aussie goes vertical on Fed - The Tell - MarketWatch

Yeah! How dare they refuse to screw savers and print trillions in new money like a real modern-day first-world economy! And exporting materials the rest of the world can't get enough of ... the nerve!

But seriously: we honeymooned in Oz several years ago, and Sydney was indecently expensive even at $0.65 to the AUD. I can't even wrap my head around what it must be like at $1.06.

shill wrote:

Gold 1,711 +46 +2.78%
10yr T-note 2.01 -0.06
Hmm

If you believe what Bill Gross says, PIMCO thinks QE3 is going to be middle-of-the-curve Treasuries and MBS. So maybe the trade is to front-run the Fed on the 10yr.

Seems a little late to me, but what do I know

Mook wrote:

But seriously: we honeymooned in Oz several years ago, and Sydney was indecently expensive even at $0.65 to the AUD. I can't even wrap my head around what it must be like at $1.06.

The hubster is over there right now. If he were not staying with his mum, we would be out a couple of grand on hotels alone. Average housing prices are about twice what they are here. Mind you, their minimum wage is $15.51. And you can get north of 5% in a CD.

shill wrote:

10yr T-note 2.01 -0.06

someone I read recently posited a yield spread compression such that the two ten might be 50 bips, and the two thirty could become less than 150 bips, do the math on that trade

I think that person stands a good chance at being right

somewhere between where we have been and where we are going more and more waken to the fact that PM's and commodities are the place to be

Yuck.

Hey, how about they buy my son's loan for twice the face amount since the rate is 5.5%!

MaryAnn wrote:

AIG is never heard from anymore and yes banks should have been allowed to solve their own problems. The FDIC has allowed the Bank Boards to rape the banks before closing them down. WFM

There are posts--perhaps conspiratorial and/or on Zerohedge--that the New York Fed semi-orchestrated repatriation of Lehman's foreign assets back to the U.S. to ensure the foreign bag holders were left holding their empty bags. Don't know how right the conspiracies are, although it is reminiscent of the MF Global Hail Mary play at the end and the regulators swallowing their whistles while the bank counterparties hoovered up assets to the detriment of small clients.

someone I read recently posited a yield spread compression such that the two ten might be 50 bips, and the two thirty could become less than 150 bips, do the math on that trade

Real rates are negative.....

PIMCO thinks QE3 is going to be middle-of-the-curve Treasuries

that is what they did with QE2 ... and the 10 year yield screamed 100+ bps higher ... not sure they want a repeat.

more and more waken to the fact that PM's and commodities are the place to be

That's what scares me. Are the masses buying gold sticking it to the powers that be? Or are they sheep heading toward slaughter?

Stay tuned and find out

"• In the Q&A, Bernanke made it clear that even if inflation moved above the target - and unemployment was still very high - the Fed would only slowly pursue policies to reduce the inflation rate. "

Welcome to the UK, USA style. Uh, 5% inflation, ya, let me fight deflation. They are so screwed up its unreal.

Bloomberg bimbo who interviewed Timmy just stated [para]"He was asked by the President not to return if the President wins a 2nd term." She may have misspoke, and it's not a direct quote, but she did NOT say that Geithner was leaving or resigning, which was the spin a few months ago when he supposedly tried to leave the job.

Sheila getting a payoff yet?

Nemo wrote:

If you believe what Bill Gross says, PIMCO thinks QE3 is going to be middle-of-the-curve Treasuries and MBS. So maybe the trade is to front-run the Fed on the 10yr.

That has been the trade for every QE. It is risk free profit to front run the Fed based on their public statements (even better if Timmy gives you high sign a couple of weeks early), then dump it in their laps. Profit!

Fry dem twinkies!

Freddie Mac: Dec Single-Family Delinquency Rate Rises For 4th Straight Month - WSJ.com

Mortgage delinquencies on single-family homes rose for the fourth-straight month in December, according to a monthly report from Freddie Mac (FMCC).

JPMorgan Said to Cut About 100 Workers - Bloomberg

Bad Dawg Bobby wrote:

We are Sheep heading to the slaughter

Speak for yourself. I am a lion. A lion with a big mane and a huge appetite for sheep. Especially hot, fit sheep in tight wool sweaters.

scone wrote:

I have wondered if the Chinese are getting some of their money out of the country through a route that goes through Hong Kong, to the USD, then to rest in a nice Aussie account. From there to buy up real estate in the mining areas.

The West Coast from Vancouver to San Diego is awash in Chinese money its likely what's keeping housing up over here.
I suspect similar for New York City,

Are they all in the collections department?

Also, I think I have figured out why they want to put big balances at the end of the loan. I'll bet that way they don't have to recognize any loss until 40 or 30 years from now. (or until they go into foreclosure again)

This is way above my pay scale. Any of you accountancy types have any idea?

Elvis, " Speak for yourself. I am a lion. "

Awh Haw !

It would certainly make sense!

Oz isn't big enough to absorb enough though.

An admirable effort by the very smartest Chinese.

Mr Slippery wrote:

That has been the trade for every QE. It is risk free profit to front run the Fed based on their public statements (even better if Timmy gives you high sign a couple of weeks early), then dump it in their laps. Profit!

The point (of QE) is to hold the mortgage rate to as low as possible to avoid non-collateral damages to the banks and keep housing prices afloat. So they're aiming straight at the whites of the 10 year note (i.e., mortgage rates). I think Ben and the Feds have been pretty explicit about this.

Well, larger than a rat's I presume.

volker the viking wrote:

Labor is the only commodity of any consequence.

You can't eat sweat.

What good does this do if nobody actually makes any loans?

I'd never think of combining Skittles and ranch dressing to make a lovely and flavorful fruit salad. That's genius!

lawyerliz wrote:

What good does this do if nobody actually makes any loans?

I just explained the strategy. Like the hook and ladder play at the end of a football game, it's not likely to succeed. But at least the offense is doing something or at least looking like it. You could make an argument that Benny and the Jets averted total collapse thereby, but it's unclear whether we're in a slow glide up or just above stall speed.

As far as the chinese go I had a talk with a man who values and brokers wineries and vineyards and he told me that the Chinese were extremely brand conscious. They buy in Napa but leave Sonoma County alone.I do know that their RRE buys are concentrated in a few areas.

maybe so, but you can trade for it

who do you think you are? you too good to sweat?

well, sweat this!

Mook wrote:

It's fun thought experiments like this that make me curse having been born with a moral compass.

Even if we had an account there, which would be legal for us as David is Australian, the taxes on interest would kill it. I'm presuming the US would try to tax a joint account, as would Australia. David and I need to find an international family lawyer, but there's not much other than immigration specialists.

In the end it's going to be like this video. Beautiful if you can catch the helicopter. Otherwise....

YouTube - CATS Memory Elaine Paige

Good bye America -- And thanks for all the fish!

ResistanceIsFeudal wrote:

I'd never think of combining Skittles and ranch dressing to make a lovely and flavorful fruit salad. That's genius!

Not as genius as using candy cigarettes as a tofu substitute.

With what income?

ResistanceIsFeudal wrote:

I'd never think of combining Skittles and ranch dressing to make a lovely and flavorful fruit salad. That's genius!

I think fried Coke was a relatively new delicacy at the Houston Rodeo the last year or two. And "Sweet Cheeks’ deep fried moon pie" won first place in the fried food category.

Genius!

Tom Stone wrote:

As far as the chinese go I had a talk with a man who values and brokers wineries and vineyards and he told me that the Chinese were extremely brand conscious. They buy in Napa but leave Sonoma County alone.I do know that their RRE buys are concentrated in a few areas.

Have seen no evidence of any such down in Slugland, Tom. Guess we're not on the list; no surfers in the bunch, I guess. Getting a few more Indians, but that's probably just SV money.

JP wrote:

In the Q&A, Bernanke made it clear that even if inflation moved above the target - and unemployment was still very high - the Fed would only slowly pursue policies to reduce the inflation rate.

Cool. So when bread riots break out from the unemployed, it will be somebody-else's-problem.

That's what suicide nets are for.
Only these will be Made in America, F Yeah! (tm)

robj wrote:

I think fried Coke was a relatively new delicacy at the Houston Rodeo the last year or two

I'd think that would affect the snortability?

Mish's Global Economic Trend Analysis: CalPERS Earned 1.1% on Investments in 2011, Plan Assumptions are 7.75%

Disagree CR. QE 3 is irrevelant. It is nothing more than electronic credit. It does not create money.

QE 3 is not coming anytime soon. It would be a desperation bid if it did.

PastTense wrote:

Mish's Global Economic Trend Analysis: CalPERS Earned 1.1% on Investments in 2011, Plan Assumptions are 7.75%

CalPERS should be called AmaPERS.

volker the viking wrote:

finally, after more than 15,000 comments, you post something worthy

I'm past 17k and still working on it.

robj wrote:

And "Sweet Cheeks’ deep fried moon pie" won first place in the fried food category.

I imagine the best part about competing in that category is that, thanks to the wonders of atherosclerosis, there are probably very few repeat winners.

ResistanceIsFeudal wrote:

I think fried Coke was a relatively new delicacy at the Houston Rodeo the last year or two

I'd think that would affect the snortability?

Yea. When Woody sneezes into it, everyone probably gets face burns.

PastTense wrote:

Mish's Global Economic Trend Analysis: CalPERS Earned 1.1% on Investments in 2011, Plan Assumptions are 7.75%

Nothing a little 7:1 leverage can't solve, right?

Mook wrote:

Nothing a little 7:1 leverage can't solve, right?

What if it took 7:1 to get the 1.1?

Basel Too wrote:

i wonder what percentage have poop residue?

2%.

State of the Union registers at 8th grade reading level - POLITICO.com

President Obama's 2012 State of the Union address again rated at an 8th grade comprehension level on the Flesch-Kincaid readability test — the third lowest score of any State of the Union address since 1934.

The University of Minnesota's Smart Politics conducted an analysis on the last 70 State of the Union addresses and found that President Obama's three addresses have the lowest grade average of any modern president. "Obama's average grade-level score of 8.4 is more than two grades lower than the 10.7 grade average for the other 67 addresses written by his 12 predecessors," they conclude.

Cen I get me mo

Not for long. Nothing more than idiots flying into the wall.

Before I eat sushi off baby changing tables, I say grace.

robj wrote:

That fund is jumpier than a frog smelling a snake, but that's quite a move.

fasten your seat belt

bless your heart

km4 wrote:

State of the Union registers at 8th grade reading level - POLITICO.com

You have to tailor your message to the audience. Not Obama's fault.

JP wrote:

So the conclusion is: People are counting their money on baby tables.

Or using paper currency for non-approved purposes on baby tables.

JP wrote:

So the conclusion is: People are counting their money on baby tables.

I thought it was 2/3rds of the babies in the UK have drug addictions.

So the conclusion is: People are counting their money on baby tables.

no, people are trafficking using diapers.
Heroin found in dirty diaper | The Post and Courier, Charleston SC - News, Sports, Entertainment

energyecon wrote:

Natural gas futures surged 8 percent after Conoco Phillips [COP 69.98 -0.63 (-0.89%) ] said Wednesday its shutting down 100 million cubic feet per day (0.1 bcf) of production in 2012 due to lower prices.

I hope the lessors have 2 year shut-in clauses.

And if it were high you'd report that he was an elitist Ivy League law professor. We know that numbers racket....

hunh?

What did koop do?

km4 wrote:

the other 67 addresses written by his 12 predecessors

They think Reagan wrote his addresses??? Who's the "smart" guy at the U. Of MN Politics?

1 currency now -yogi wrote:

And if it were high you'd report that he was an elitist Ivy League law professor.

If it were high, I'd suspect he was an investment banker. From the cocaine he'd share with his baby on the changing table.

let alone peering into the energy efficient windows of their neighbors

I see what you did over the last 72.

?Care to expound on that?

I got a mole on my foot looks like Nixon

Basel Too wrote:

That brown sugar really IS shit.

m m m MOLE

I suspect NorthStar is a naked rat mole.

Elvis wrote:

naked rat mole.

naked mole rat:

Naked mole rat - Wikipedia, the free encyclopedia 

....you brutes won't have Timmeh to beat up next year......I hear he's going to be doing some work for H&RBlock.......

pavel.chichikov wrote:

naked mole rat:

I stand corrected.

I step on the mole tunnels to crush them down.

I really do.

lawyerliz wrote:

I step on the mole tunnels to crush them down.

Baby killer.

This has got to be the ugliest animal on this or any other planet.

What's a mole and how do you find out if you have them?

lawyerliz wrote:

The loans being made now CAN be paid.

I hope so. But after that radio ad I heard last week, looking for 'participants' in house flipping ( no money required ! ), I'm really wondering what is lurking out there just under the surface, waiting to strike again.

Back when I was a rattlesnake wrangler and a part-time mystical fortune teller, I used to tell my patrons that they should fear a bald man with a beard. The hell if I wasn't right.

Outsider wrote:

What's a mole and how do you find out if you have them?

The upraised mounds in my front and back yard strongly suggest I have them. Well, that and the fact I found one dead in the back--I think the only torrential rain last summer did a shock and awe on him and he either drowned or the cat got him.

Outsider wrote:

Wouldn't want to miss any good recipes.

Please find out what cleans personal lubricants out of car seats while you are at it.

volker the viking wrote:

finally, after more than 15,000 comments, you post something worthy

Elvis has probably ruined more s single handedly than any other collection of people here.
(I'd actually swear Elvis is employed as a comedy writer, somewhere...)

they should fear a bald man with a beard.

Barry Diller?

Outsider wrote:

What's a mole and how do you find out if you have them?

moles are vaguely like field rats. They live underground, burrow around, chew on whatever tempting root they come across, and generally leave 6-10 inch piles of dirt behind (that mysteriously appear between sunset and sunrise).

Mook wrote:

PastTense wrote:

Mish's Global Economic Trend Analysis: CalPERS Earned 1.1% on Investments in 2011, Plan Assumptions are 7.75%

Nothing a little 7:1 leverage can't solve, right?

Don't you think that 1.1% was already at 11:1 leverage?

Hey, just thought I'd ask: did Greece make a deal?

Basel Too, " i wonder what percentage have poop residue?"

IMO, That is why they use the diaper tables, adds to the cocains flavor and appeal.

1 currency now -yogi wrote:

Where's that damn hyperinflation again?

Oh.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/ECB%20Balance%20Sheet_0.jpg 

No, yogi, don't go spoiling our apocalypti with charts and stats and such-like. This is a faith-based community.

robj wrote:

This is a faith-based community.

Well I share the Fed's faith that 2 = 0.

KnotRP wrote:

I'd actually swear Elvis is employed as a comedy writer, somewhere

if by somewhere, you mean a small room just outside Saint Louis (Illinois side) where the police have their GPS on speed dial, and the clientele have a severe reaction to peanuts, and the room is in Cahokia, but not the one the ballers frequent, then perhaps so

“He’s not going to ask me to stay on, I’m pretty confident,” Geithner said in an interview with Bloomberg Television today. “I’m confident he’ll be president. But I’m also confident he’s going to have the privilege of having another secretary of the Treasury.”

Did the Chinese students crack up when he said "privilege"?

Unintentional double irony is the best kind...

Mars, bitches!

Gawker

I wouldn't vote for him no matter if I knew for sure he was multiplying NASA's budget by 10.

Better check the ballot really carefully....

Gary wrote:

Mars, bitches!

Oh, Gary. It's just too much. Now they're just pulling stuff to say out of a bag, randomly.

The only positive is that it's provoked a lot of free-flowing wit (and intelligence!) today. I was laughing whenever I looked at comments today.

lawyerliz wrote:

Can you explain this in a clear understandable way for a computer imbecile?

push back from the keyboard, reach down and unplug the connection

But then it would turn off. . . . wouldn't it?

Yancey Ward wrote:

His forehead is needed for the revival of drive-ins.

It's a fivehead.

Ah, a bug report about site search. Nothing nefariously intentional - I did upgrade the underlying search technology as part of the transition to the new server, so wouldn't be surprised if something's a-whack.

Can you give me a click-by-click-for-dummies, to help me reproduce it?

kcoop wrote:

Can you give me a click-by-click-for-dummies, to help me reproduce it?

that's what she said

That's why Citi can legally charge me a 29% rate if I miss a payment, despite borrowing from the window at 1 or 2 %. Gotta keep up with inflation, and all that.

Hey Princeton beard:

I'll give you ten trillion dollars at the end of two months. Just give me a penny today, two pennies tomorrow, four the next day....

Hmm... it looks like search doesn't filter by author anymore. Is that what you were talking about? I'll look into it. Is there anything else?

lawyerliz wrote:

I step on the mole tunnels to crush them down.
I really do.

I had a mole in my newly sodded rear lawn. Pissed me off. I got a long knife and followed the furrows until I could see new digging, and then stabbed that area dozens of times. No more mole. I felt like a star of Psycho.

greenchutes wrote:

The funny thing in the political discourse is the idea that the deficit is somehow "paid for" with real taxpayer "money", instead of just being imaginary electrons spontaneously generated at 33 Liberty and moved around faster than a credit card transaction.

We've been in MMT territory ever since electronic transfers. To think otherwise is living in the Matrix.

Now the question is how to deal with it, mitigate the worst of it - because you aren't going to change that easily or move back - not until the computers are all turned off. Literally.

kcoop wrote:

Hmm... it looks like search doesn't filter by author anymore. Is that what you were talking about? I'll look into it. Is there anything else?

Nood wimin...

I locked in a 30 year rate at 3.85, no points. Sure hope I don't regret it.

I just stomp on my tunnels.

My theory is that if it's green, it's grass. There's plenty of yard I don't care about. Too bad I can't tell them to go there.

You killed all the babies tooooo.

Guillllt.

Yes. No.
You're the shiznit, yo.

JimPortlandOR wrote:

If you have them, you will see raised earth in a track across your lawn. A mole is an underground rat.

I have dozens of them digging up the yard. I don't put pesticides on the lawn so it is grub heaven - they dig around looking for grubs. They likes'em bunches.

some suggestions an a credible tat parlor for yogi

It says as much about Rahm as it does Summers.

A Chief of Staff who would allow such a piece of crap to reach a President-elect's in-box is a moron.

Get rid of the grubs, get rid of the moles. I don't like to use pesticides though and the cats aren't catching moles
like they used to.

Thanks for pointing this out. Yes, it's screwed up. Bummer - missed a major module upgrade. Ugh.

It may take me a bit to get to this. I don't think it's a quick fix.

Rule of atty#3: Avoid creating one's documentation.

My deceased Fred was very good at catching small rodents--he'd like them up at the back patio door. Good Fred, good .

He got too many ticks and we forced him to stay in.

's all good. Sooner rather than later. Know what I'm sayin?

" A Chief of Staff who would allow such a piece of crap to reach a President-elect's in-box is a moron. "

You expect to much mp, after all they are only public servents.

And IMO, Corrupt ones at that.

Damn, with all the new regulation banks may only be able to skim .01% off a simple interest-rate swap (provided as god's work for the sewer-using unwashed). Good thing the market's in the hundreds of trillions...

I still want to know roughly, the value of all the 2nd mtges outstanding.

Well, Bobby, they may be corrupt.

Even if they are corrupt, one could at least expect them to be thorough and efficient.

They couldn't even manage that.

ap·o·dic·tic   [ap-uh-dik-tik]
adjective
1.
incontestable because of having been demonstrated or proved to be demonstrable.
2.
Logic . (of a proposition) necessarily true or logically certain

Came home the other night to find a coon eating out of our cats bowls. All three cats watching on top of the garbage can.

Yeah, with you know who on public sax.

Gotta take a radio call.

Laterol.

Came home the other night to find a coon eating out of our cats coon bait bowls.

Well the dissenting judge didn't like it because there was a case directly on point with the same plaintiff--Chase I think--doing the exact same crappy stuff in a different judicial circuit.

There is a motion for rehearing. Decision not finalized. Hot off the press, Jan 12th of this year.

Bob Dobbs wrote:

And they're working for a guy who wouldn't lay down the law for his underlings; let them fight it out for supremacy. That means I know more about management than BHO. Terrifying.

There's that. Also, if I'd been chief of staff, Summers would have been emasculated if he'd attempted to go around me.

Crazy. Just crazy.

Bob Dobbs, " That means I know more about management than BHO. Terrifying. "

They were probably Forced on him when he became President, by the " Chicago Machine" that got him elected.

There are cases on both sides of no proof of asgnt, no foreclosure.

The dissenting judge ripped the judges that agreed that the lack of asgnt no problem a new one.

Eventually this will be decided by the Florida Supremes.

Yeah, them.

will be decided by the Florida Supremes

I hear Tallahassee is lovely this time of year.

mp wrote:

They don't know shit from shinola about running a staff and making it happen.

That was obvious from day one even without the expose.