Bank Failure #32 in 2012: Montgomery Bank & Trust, Ailey, Georgia
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CalculatedRisk on Fri, 07/06/2012 - 5:50pm (545 comments)
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The long wait has been tiring for all of us, and still we wait.
But events look to be moving this summer to some conclusions, which will once again provide that frisson that so carries me along in this life.
Someday this war's gonna end...
Ann Harris, Akron Restaurant Owner, Dies After Serving Obama Breakfast
not O's day
km4 wrote:
Who exactly suffered losses because of the LIBOR rigging--and how?
skk wrote:
Well known to Californians who have paid attention. She is nicer than DiFi or Pelosi...
RockyR wrote:
LOL !
for me - I had a childhood gf like that - I'm still in touch with her ! so I guess I'm really venting on this harpie cos I can't bring myself to out the other one
She's a bad 'un - I mean Arianna of course - my childhood gf ? hmm the verdict is out.
How about the content?
Kauai_Kahuna wrote:
HAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHA
give ANOTHER man
lawyerliz wrote:
mmm, not quite what I meant. it's tough to make ends meet from what I could see. it's very expensive, like new york but not as bad, without the public infrastructure to support it's population. you'll end up spending a lot of your life behind the wheel of a car burning $4 gas.
THEN there is the crime to consider. I think that is secondary though.
If you are rich, you only have to play. the really rich don't have to struggle in the place to make a life and support themselves.
you get my point, now?
RockyR wrote:
It's called Satyriasis in men. Like true nymphomania it is rare.
as for Ariana H. I always thought she seemed like a fraud...
...
warm. need to leave my tent in Red Hook and get myself a cold Guinness
sportsfan wrote:
YouTube - He Ain't Heavy He's My Brother-The Persuasions-1972.
Tom Stone wrote:
link
wait mate, we knew her in England in the late 70s - totally excoriated and IMO run out of town - here's hoping we can achieve the same here with the SHAME project shining a light on her. a light like..
Gotcha, RockyR. Yes, I can see that.
I've got the money to fake it in relative comfort until I can make it.
wow, Tom, thanks. i often wonder what my condition is called.
"Pot roast, field peas, creamed potatoes with gravy, and asparagus.
That might be the real way she does away with me. "
Died and gone to heaven...yessir.
"The men and women here are well-informed and well-intentioned. Despite the petty bickering. "
Thank you Suecris. We'll take that compliment and....well, it's not 10 p.m. yet. But, thanks anyway.
PastTense wrote:
counterfeit money and who loses? Should it be legal? they ain't stealing or are they?
this is why I live where I live, hoops. because I am poor. my choices in business and in investing have not been very good ones on balance.
with money, I may do what you are doing
good luck to you.
Marlins won. Night.
" the current mood of Hoocoodanode (HCN) is very unlike its mood during an emergent financial crisis.
You mean when we were exchanging squirrel recipes and doomstead specifications? "
Now, that one gave me a good guffaw, possums.
wipes tears, really!!! (thanks, mary)...
More on Arianna Huffington :
Profile: Arianna Huffington - S.H.A.M.E. Project
PastTense wrote:
Anyone who played fair.
DiFi has always been polite when I've met her.
Boxer is weirde; wearing big movie star sunglasses so no one notices her at the grocery. Like we don't know the she troll we sent to te Senate so she a continent away most the year and not trying to run our county.
Tell it to the judge.
that was a joke, tom.
"Who exactly suffered losses because of the LIBOR rigging--and how?"
Somebody had to have taken a loss. And I'll psosit that somehow, in someway, that loss ends up coming out of our wallets.
sportsfan wrote:
well that's interesting - I've always known this version -
YouTube - THE HOLLIES - He Ain't Heavy, He's My Brother
1969.
the normal flow on this is Brits ( the Hollies in this case ) nick off / cover Southern Blacks -
this one doesn't have that flow of events. How come ? ideas ?
Just finished eating dinner. Skirt steak and two different types of Italian sausage from a local butcher. Salad out of our garden with a simple vinaigrette. French bread and French butter.
Hoopajoops LTD wrote:
Have you been reading this?
How you been Hoops?
Did your town or school district do an interest rate swap to lower its borrowing costs?
If yes, then you probably saw a LIBOR loser in the mirror this morning.
Tom, good.
Have a girlfriend who I love and who loves me. She's got a college degree in a science field, nutritional biochemistry, with no idea what she wants to do next. She is away for five weeks in a summer program. Her extended family is in LA, but she has no idea where she wants to be next, which is playing havok with my plans, because I will move wherever she goes. I'm betting she'll end up in LA, unless her pushy father smooshes her into some graduate program she doesn't really want to do in some other location.
Last girlfriend I was bragging about turned out to be very violent and crazy, but so it goes.
On Syria, it took around 6 months to form and train the fighters in Libya, I wonder if that time line can be beaten?
Tom Stone wrote:
whoah..
you know something it seems that even the Profile: Arianna Huffington - S.H.A.M.E. Project
doesn't know / state anything on this.
that would be an interesting turn up for the books - oddly enough that one I'd let her be one- you know - what one does in the bedroom stays in the bedroom - so long as its all consensual.
but is SHE ( Arianna ) a female Hypersexuality - Wikipedia, the free encyclopedia ? when I recall my gf.. no no no no .. wayyy too TMI
Kauai, there has been a rebellion underway in Syria for more than a year, with small groups of fighters gaining a great deal of experience in hit and run guerilla tactics. There are also vast defections of Syria's security apparatus; defecting soldiers will not have to be trained.
Hoopajoops LTD wrote:
Never know, people remember that kind of effort. Hope you stay in tough with the ones you liked.
Say, this afternoon,
Did anybody figure out where all the construction jobs went?
1 currency now -yogi wrote:
and the proverbial Turkish donner kebab joint owner ( small businessman ) in London who was sold interest rate swaps. O yesss they were - by of course Barclays.
Hoopajoops LTD wrote:
OC has alot going for it.
YouTube - Hillary Clinton "Post Assad Unity Government" Endorsed by International Community 6-30-12
Paradigm Lost wrote:
All true, PL. And maybe they will. But it is a very short list of the ones at the very top having a change of heart like that without a near death experience, I'm thinking. But it could happen.
skk wrote:
??? South Brooklyn?
I linked their 2010 live version in front of the Brooklyn clinic a few days ago. This is their first one:
YouTube - Buffalo Soldier-The Persuasions-1971
Isn't the big bet loss that JP Morgan going through related to spreads between Government bonds and the cash market which is set in part by LIBOR?
The real story behind it is still unfolding through derivatives/bets and we may never know the true impact, but I agree we tax payers will most likely end up with the tab.
If enough pilots defect...
Bad Dawg Bobby wrote:
Waiting for RD to throw in the bath towel.
Hoopajoops LTD wrote:
Geez, that makes it rough when you have to sleep and all.
NorkaWest wrote:
"Waiting for RD to throw in the bath towel."
His 17" calves make that hard to pull off.
So she was a woman.
:ducks:
poic wrote:
Let's not start with that 'big boned' stuff again or Mr. Gluten Free might appear.
Very nice, thanks.
skk wrote:
Excerpt: ...Huffington Post president and chief revenue officer, bragged that the company's "sponsored content" strategy—which deliberately obscures the line between journalism and PR—had helped his company "more than double" its advertising revenue in 2010, saying "the level of interest we have in this marketing form is gigantic"
Dont scare me Bro!!
I'm hereby dropping my above claim.
Kauai_Kahuna wrote:
You are certainly most welcome.
i have read all i can on the mechanism of loss via libor. one article suggested that the end result was gaming of the central banks, hence the furor. the mechanism was not well explained at least to my feeble brain. but that explanation seems most logical to me
"..taking care of my community with the hope that my community would take care of me was a flat failure. Lots of good done and good accomplishments, ..."
Hoops: Building bridges, bro. And support networks. Will come in handy, just the knowledge. There are people (young folks like you) out on the fringes, building structures for the future. It's preparation for when the old paradigm falls in on itself. The leaders, good and bad, are out there in the crowd. Failure is a part of the experience of going forward.
Do some reading about the activists that followed FDR to DC when he swept into office. They had a rich life full of learning, experience and yes, failure, before they turned the lights on in the capitol, literally. I had a friend who lived in DC during that period of time. He said people were hopeful & happy to see all the lights burning all night long in the government buildings after FDR's inauguration. To them, lights burning the midnight oil meant they were working for Americans devastated by the Depression.
Tom in AZ wrote:
seemingly this guy did - since we were talking about AOL / Time Warner - from the where are they now category..
Former Time Warner CEO Gerald Levin Returns With a Wellness Center -- New York Magazine
Jerry Levin who ? so who remembers the AOL/Time Warner deal heh ? and looks like our la' is still doing ok no ? no sack-cloth-and-ashes - run outta town - banished from the kingdom - nope.. even doing his cult - meditation lark.
Truly these thieves don't live like us.
What's this gotta do with our local harpie Arianna - o plenty..
hey hoopajoops - if yer coming to LA - you don't have to mix in these circles but you'd better know of them - and what they are up to. for certain.
PastTense wrote:
There are a lot of articles talking about this, found this one from earlier today.
Yes, Virginia, the Real Action in the Libor Scandal Was in the Derivatives « naked capitalism
read it, lacks the nuts and bolts i am looking for i expect we will have better explanations soon
Amazon.com: The Great Depression (The Eyewitness Accounts of American History Series ; S-10) (9780844629254): David A. Shannon: Books
This is the best primary source compilation on the great depression that I've found. It has been my personal guidebook for navigating this disaster.
Hoopajoops LTD wrote:
Living to tell the tale - and have better judgement for the next round. Could have been worse. Ask Tom Stone.
this would be funny if it wasn't such an abomination - that such dreadful humans can put on a garb - their version of sack-cloth and ashes I guess.. and voila - whole again - admitted to society again. Amazing.
truly - you can fool a lot of people a lot of the time.
What's this gotta with Arianna ? errr. we've noted her cult membership, her connection with AOL, where Jerry Levin comes from, from a while back and of course the whole-sale ripoffs of the bloggers - the poor innocent, just like every cult - who thought they were in some great new start up - and the cashout - to AOL.
So the next time somebody quotes something from huffpost and I vent - y'all will know why. its a TURD of a website.
LIBOR losers will probably be as obvious as the losers from high frequency front running.
Numerous Losers of pennies; a few winners of billions.
skk wrote:
Wasn't my line, sir. But point taken. Again
kratovil1 wrote:
You are right, and I know I have read what seemed to be better, but can't remember where off the top of my head.
NorkaWest wrote:
then why the fury from central banks? or governments such as in england?
skk wrote:
And by extension, everyone that writes there, skk?
Fuck the world - I am going to work for the man, if he'll offer me a job.
kratovil1 wrote:
"Optics".
Well, Hoops, you said you have the means, and now the time. Take a long walk with your new girl.
jeez hoops you have money. just hang a shingle, thousands have done so generally no less happy than the wage slaves at biglaw
Hoopajoops LTD wrote:
Hoops, you enlisting in the military?
Hoopajoops LTD wrote:
I did that once. He made me wear green every day and people tried to kill me. You might want to think about that first.
kratovil1 wrote:
He's already rejected 'pork chop law' and probably not going to reconsider.
pork chop as in represent who the hell you want and kiss a minimum of ass?
Tom in AZ wrote:
say what ? hell no - I've already noted the number of bloggers who gave their labors for free ( for future recognition some would say ) ..
hell no.
but some who write there yeah for sure..
Arianna for one.
DSK's wife for another yeah for sure.
Fury's source.
They were freelancing it and got caught.
Market manipulation is a government monopoly.
Don't poach on the governments monopoly.
"But it is a very short list of the ones at the very top having a change of heart like that ..."
Tom: You don't have to be at the very top to be effective. You could, instead, have been near the top and been screwed. There are more and more people in this category. All you need is some very bright young'uns moving over to the "dark side" to begin a revolution in thought and deed. All revolutions had young intellectuals, activists, who joined the Russian, French, American, English reform movements because they were thrown out and cast down.
norka appreciate your comments and i think this one is "bingo"
Comrade Troyski linked to this earlier today: PERS: Unfunded liability of pension funds tightens its grip around Oregon | OregonLive.com
In order to play catch-up on pension fund commitments, Oregon PERS employer-members are going to have to increase their PERS contributions from 12% to 22% of employee wages over the next four years. That's equivalent to providing 10% wage increases, in organizations that are already financially stressed.
Can't mean a hiring increase.
Bloomberg sues Chinese firm for copying terminal design | ITProPortal.com
Tom in AZ wrote:
Ah, but now I have a good one. For which I am grateful, which I tell her at least twice a day, every day.
sportsfan wrote:
errr.. while you are reticent about it - to what degree were you on their land and ready to kill to let yourself be on that land heh ? sure sure cos the man told you to do so - that's a given.
kratovil1 wrote:
His term, not mine. I tried.
Ahhh, jeez, skk! You pulled MOF out of his lair so he can lament and pull his hair out about that lefty conspiracy pseudo-journo Huffpo. Gahhhh!
So, let's discuss Faux News....(stirring the boiling cauldron, here)
Hoopajoops LTD wrote:
Dyncorp, Steele and Academi are all hiring, take a few classes. They all had recruiters out big time after 9-11, ran into them at some of the places I studied.
Paradigm Lost wrote:
Understood, and I think we're talking past each other when we agree, I think. Those under the top are more likely to witness the sociopathic behavior than commit it.
skk wrote:
I was on their land and more than a little prepared to kill to stay alive on their land until the day I got out of their land.
BTW, the Hollies were a great combination of mid 1960s British irrelevance with a late sixties awakening from somewhere.
YouTube - THE HOLLIES - He Ain't Heavy, He's My Brother
I invested heavily in Dyncorp before it was bought out and turned private. I knew where we were going.
Good night all. Nice to talk in real time for a change.
Paradigm Lost wrote:
sheeetttt.. I dinnae know till now that MOF had a thang about Huffshit.
My BFF !
I've always had a thang about Arianna of course - we knew of her from the '70s in England - a classic harpie - we thought she'd been run out of town. as she was in 1980. imagine my surprise when
I'm run out of townchoose to come to the USofA in 1992 - to LA at that.. and we go to some do, me doing a Dennis to wife's Margaret Thatcher -ARGHHHHHHHHHHHHHHHHHHHHHHHHH -
the witch is THERE !
its all actually quite amusing to me of course - not so to the poor bloggers who got their living nicked from them.
skk wrote:
The choices were leavenworth, the green machine or canada. I knew people who chose all three. The neighbors who chose the green machine did not fare well. 3 went, 1 died there, one lasted a day in 'Nam and 3 years in hospitals, the third suicided 2 years after returning.
Tom Stone wrote:
I am totally fucking alive. Today. There is no doubt 'bout it.
addon: Hey, no kidding. It's not about geezers. It's all about Iraq and Afghan. Be kind.
"then why the fury from central banks? or governments such as in england? "
LIBOR scandal wakes up the proles???
20 dead in drone attack in Pakistan - CNN.com
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NorkaWest wrote:
If you or I put together a consortium to fix prices without a government partner, we would spend the rest of our lives in jail. The government can put together a private-public agency that fixes the price of money. When OPEC does it, it is called a cartel, when our government does it, it is called a Central Bank.
sportsfan wrote:
Didn't I just link to that ? and asked how come it predates the Persuasions version you linked to ? would appreciate any bg you have on how that comes about.
the Hollies and that song are iconic to my gen . I remember visiting a buddy in Moraga ( poshish part of S.F. ) - elder sister of a (Scottish) buddy and as we talked about the exasperation with their younger bro' - who'd she'd put so much effort onto putting on the straight and narrow and I had - had him stay with us for 9 months - before I concluded it wasn't working. then SHE took over over 6 months in the USofA ..
And I said to her - I give up - at some point you just have to give up and she simply said.. Nope..
stuck with me as a way to live - not a style I choose - but its stuck with me - her bro' is of course dead now - accidental death by liver failure from too many paracetomols - bad toothache that he didn't take care of ? --.. who knows.. but.. mann there's a failure we all feel.
sportsfan wrote:
yahhh for some reason I thought sportsfan wasn't of that gen of green wearers but the more modern kind. - who are all volunteers - for some reason I thought sportsfan was a volunteer in this.
YouTube - Earth And Water Song - Humble Pie
Well, now ya done it, skk. Anytime now we'll get a thread like last nite's disaster. Huffshit and Faux News...civilization (if we ever had it here in 'Merica) is dying. Yeeehaw! (That's a Dr. Dean scream there).
skk wrote:
The Persuasions had several medleys. It's an art form that takes advantage of the a capella style. To state it conversely, it's hard to do an entire song a capella while ignoring the break and the bridge and so on. By the time of Street Corner Symphony James Taylor had recorded Carole King's You've Got a Friend. I think the Brits might call it a mashup.
Would that any of us could live up to that ideal every single day of our lives. I doubt the saints could and I'm a sinner.
Al Fin Energy [James Stafford Interviews Jim Rogers on Oil Etc.]
Oilprice.com: I read a report by the Economist Phil Verleger who thinks that the Saudi’s massive increase in oil production along with other economic problems could cause oil prices crash to $40 a barrel oil and $2 a gallon gasoline by November. Do you think this is a reasonable forecast and we could see oil at these levels?
==> YouTube - The Police: Synchronicity II live
Jim Rogers: U.S. natural gas is somewhere near its bottom, in my view. The problem is I expect to see serious economic problems in 2013 and 2014 in the U.S. If and when that happens, we're going to see a final panic in the markets and the economy and everything will have a crescendo and a selling climax.
Niters, possums. Sweet dreams...the Eurythmics say goodnight from me to y'all...
YouTube - Sweet Dreams (Are Made Of This) ♫ Eurythmics ♫ Lyrics
Doc Holiday wrote:
Citizen AllenM wrote:
I am not so sure these dramas here and around the world will play out to anything that looks like conclusions that soon.
I imagine the Europeans will be able to drag these negotiations out until a great deal more unrest in the streets manifests -- more troop carriers in the streets, but not until next summer, I think. The fear of the abyss just isn't there yet. And the Olympics will take up some of the oxygen.
I think the Chinese can coerce and juggle their way through the excesses being rebalanced over the coming few years, and the landing not necessarily be a hard one, but rather a long bruising skid.
After the US election, the winners will get fiscal religion and go for the brass ring of generational dominance. Your panicky petty rentiers will be calling for the jobs programs increasingly over the next year or so, and maybe the crappy recovery edges up a bit faster.
So, my friend, I believe you have some more waiting ahead of you. But plenty of material to work with -- which I greatly appreciate and look forward to.
sportsfan wrote:
with absolutely no comment whatsoever -
YouTube - James Taylor - You've Got A Friend
Hey I didn't like Sweet baby james, nor Leonard Cohen.. but if Juliet liked them.. forget this heavy metal shit, underground rock, progressive rock crap -
then james' yer leonard. shameless wot ? nahhh just good taste.
Hmmmm
The truth behind Monday's planned FBI Internet blackout (according to conspiracy nuts) | ITworld
DNSChanger: Internet blackout for thousands coming Monday - Jul. 6, 2012
The Hindu : News : Tensions in Libya ahead of first post-Qadhafi vote
I should run for President of Libya ... nobody there hates me.
Bubblisimo Gerkinov wrote:
They were all terrorists or future terrorists,...like the rest of the Muslim world. It was a drone strike, therefore it's legal, moral, and All-American.
MSM wrote:
I completely agree. Next year soonest and lots could happen between now and then.
Oh, this is fun:
3.1 Million Workers Join Disability Ranks Vs. 2.6 Million That Got Jobs In Obama Recovery - Investors.com
More workers joined the federal government's disability program in June than got new jobs, according to two new government reports, a clear indicator of how bleak the nation's jobs picture is after three full years of economic recovery.
The number of long-term unemployed — those out of work 27 weeks or more — is still 5.4 million — almost 1 million higher than when the recovery began, and almost twice the level it ever reached prior to Obama's recovery.
skk wrote:
The Hollies were experienced hit-pickers. Their lead guitarist, Tony Hicks, routinely made the rounds of the music publishers. He found the song during one of those rounds, presumably a demo version. According to Wiki, the song was first recorded--also in 1969--by somebody named Kelly Gordon. It is an American song, written by Bobby Scott and Bob Russell.
sdtfs wrote:
skk linked:
Like it or not, forty years later he can still do it, and folks still pay to hear him do it. (Cf. numerous links to that effect.)
Nice to see you drop by, and I do agree with much of what you say.
I do think China will leave a bigger mark than anticipated, and accessory suppliers like Aussieland are going to be smashed flat.
Slowness is a major factor, as you correctly point out the euromess is going to take a while.
Last call for me, out for bed- I will read any further responses in the am.
Someday this war's gonna end...
Doc Holiday wrote:
do you really have to ? how many internet inhabitants are there ? thousands affected ? versus by a certain reckoning 2billion ( say wot - how many people are there on this planet heh ? ) - besides how OLD is this story.. sorry bro' we chased it for its nefarious angle - trust me it would be have out of the frying pan into the fire if the traffic was being diverted to a FBI site as opposed to a spammer one - so this was chased since last Nov. and decided ( or the FBI backtracked ) that the diversion was being done all kosher like 'n' all.
I thought it was
then - and suspected nefarious reasons ( and STILL do ) - thank god this stupid particularly stooopid episode of
SOAPinternet comes to an end."Bubblisimo Gerkinov wrote:
Fri, 07/06/2012 - 10:01pm
The Hindu : News : Tensions in Libya ahead of first post-Qadhafi vote
I should run for President of Libya ... nobody there hates me."
Don't they have oil? And don't you work for a Mullah from Alberta?
I'd be careful. You might run into clan difficulties.
Putin’s July 4th Message | Washington Free Beacon
The U.S. defense official called the latest Bear H incident near the U.S. West Coast “Putin’s Fourth of July Bear greeting to Obama.”
Retired Air Force Lt. Gen. Thomas McInerney, a former Alaska commander for the North American Aerospace Defense Command, said the latest Bear H intrusion appears to be Russian military testing.
“It’s becoming very obvious that Putin is testing Obama and his national security team,” McInerney told the Free Beacon. “These long-range aviation excursions are duplicating exercises I experienced during the height of the Cold War when I command the Alaska NORAD region.
skk wrote:
It's in the east bay and there are better towns. piedmont, tiburon, atherton...
How about that Fed?
Is a gluten-free diet behind Djokovic's smash success? - Tennis - Sport - The Independent
skk wrote:
==> They really don't know what will happen, because these little bugs have been going out for years and they all have clocks that are set to do something; it was somewhat contained, but they really don't know what happens next ...
Extreme Heat Breaks More Than 3,000 Records This Week
Meanwhile, I'm wearing a winter jacket ....
The experts did not predict this in the Spring, because they said the record heat in places like Wisconsin was just a short-term thing ...
Doc Holiday wrote:
Excuse me, but when an ordinary guy like me is more than a little prepared to kill to stay alive, there isn't much of a point to be made in testing a guy like Obama for whom drones are an instrument of national policy. That guy is stone cold.
Or, as Jim Croce said, "You don't tug on Superman's cape . . ." YouTube - Jim Croce - You Don't Mess Around With Jim (Live) [remastered 16:9]
poic wrote:
Good point.
Doc Holiday wrote:
You would think that the Russians already know this information since ti was a visual identification. They must be really really stupid.
Tom Stone wrote:
I'm definitely not telling her that ! - her kids grown up there "I've walked round their lake etc often " - herhubbie - paediatrician. -very late 80s - ( we still visit them btw ) - for some reason - something said about american life as a Brit/Indian must have sparked it ( and perhaps my ( to him BS ) about the usual left-wing stuff ) - sez to me at 11 pm or so at night - I'm full of JD ( ahhhh those daze ) - c'mon I'll show you some of the wards I volunteer at - took me down to Oakland and wowwwwwwwwwwwwwwwwwwwwww !
these tiny tiny babies - born of "something" addicted women and by skin color of the babies absolutely the ones he showed me - they were AA.
I was amazed. He's a hell of a guy. as is his wife - even if they live in poorer Moraga (
) - they do definitely have pretensions about Moraga / Lafayette mate, for sure. know the opera scene there ? I have to stop here to preserve anonymity.
Cops Follow Potato Chip Trail To Collar Man For Burglary Of Subway Restaurant | The Smoking Gun
3.1 Million Workers Join Disability Ranks Vs. 2.6 Million That Got Jobs In Obama Recovery - Investors.com
The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.
net 160+K new paying positions is
sdtfs wrote:
Maybe they don't know that?
Doc Holiday wrote:
yer being idiotic doc. this particular issue is very well defined.
yer talking like my nieces in India to whom I had to explain about viruses in computing in the early '90s. they really believed this was like germs and wot'not.
skk wrote:
Moraga is nice, as is Lafayette. New money and not old big money like the towns I mentioned. I remember skinny dipping in a private lake in Piedmont in the late 60's. Sweet memories. And those were crack babies, it wiped out a generation and more in Oakland. It did fund the Contra's, read Gary Webb's book when you have a chance.
The concert was freezing. Where's summer? I think I'll go looking for it. Zion tomorrow.
skk wrote:
As long as they don't break the cupholder on their computers...
Rob Dawg wrote:
Dare I crack a joke about you becoming a Zionist?
No--it's too dangerous.
When reading posts like the FT Alphaville commentary on the slumping TIPS yield curve analysis by UBS, I not only enjoy seeing these dots being connected in such a more prominent forum, but I also get a little chuckle out of the thought they have been rummaging through some of your own comments of a couple of years ago -- comments brought to life by your stories of deleveraging and downsizing a la eBay.
I will raise a glass to you and have a good laugh when I read phrases next year out there about the liquidating rentiers.
skk wrote:
But, but, but I read a book on this: I think I even read the whole thing: Amazon.com: Worm: The First Digital World War (9780802119834): Mark Bowden: Books Oh well ...
It was entertaining and helped me doze off ...
"Users are still struggling and battling with Conficker," Tim Rains, a director in Microsoft's Trustworthy Computing group, said in an interview earlier this week. "It's surprising that it has this kind of staying power."
==> The current size of the Conficker botnet -- those PCs now infected -- is approximately seven million, Microsoft claimed.
Last week, IID said that its scans showed 12% of Fortune 500 firms, or about one out of every eight, harbored DNSChanger-compromised computers or routers. And two out of 55 scanned U.S. government departments or agencies -- or 3.6% -- also had failed to scrub all their PCs and Macs.
Final Word: Detect | DCWG
dawg going zion sunday with brother do i need to sweat reservations?
S'okay we are staying in St George.
Van Halen's Legendary M&M's Rider | The Smoking Gun
The rider's "Munchies" section was where the group made its candy-with-a-caveat request: "M&M's (WARNING: ABSOLUTELY NO BROWN ONES)." While the underlined rider entry has often been described as an example of rock excess, the outlandish demand of multimillionaires, the group has said the M&M provision was included to make sure that promoters had actually read its lengthy rider. If brown M&M's were in the backstage candy bowl, Van Halen surmised that more important aspects of a performance--lighting, staging, security, ticketing--may have been botched by an inattentive promoter.
seriously is it sold out?could delay till monday. i have been there before first time for bro
Probably out of luck. We struggled for these reservations last week. Keep in touch we will be in Zion early Sunday as well.
Rob Dawg wrote:
Utah's Dixieland. (I'm told they grew cotton down there.)
last time there i bought a book about the early history quite readable and interesting
A dozen dunkin donuts in south las Vegas then a buffet all yOu can eat deal on the striP then St George. Big driving day.
Rob Dawg wrote:
Now about that heart...
Tom Stone wrote:
thanks TS. that's the sort of knowledge I'd never have. whereas in the UK I'd automatically know this - so Heseltine - erstwhile rival to Margaret Thatcher - throws a shindig for the local Tory Grandees ( he was MP on henley, HENLEY - the Regatta mannn ) - seems to go pretty well - but two grand dames as they leave are heard saying :
as opposed to inherited. this is a true story. I was told it at the White Hart on Crazies Hill which is just above Henley - no really.
Rob Dawg wrote:
Did it in June, on the way to Kanab, sans the Vegas, plus the Tom's Farm south of Corona on I-15. Friend said he was through Zion and Bryce a couple weeks ago and saw Bighorn Sheep.
Yogi might get his wish. Buffets for me mean veggies and seafood. And life without Boston Creme from dunkins once a year isn't worth living.
skk wrote:
Ahem. You should know better than to trust Tales from the White Hart.
Tales from the White Hart - Wikipedia, the free encyclopedia
skk wrote:
Is that just down river from Reading. I believe I stayed there a few decades ago. About this time of year. Temp was in low 90's (F) and folks were goin' crazy.
LT. GEN. TOM MCINERNEY, FOX NEWS MILITARY ANALYST:
General: 'We've Been Snookered' on Libya - Politics - Fox Nation
just another right-wing dumbass.
Rob Dawg wrote:
O c'mon yer on vacation - start the day with a crappy EggMcMuffin with Sausage ( don't forget to argue about the price of the coffee if you want big rather than the all-in-priced menu coffee size - they don't just replace, they tack on ( at LAX) - then try and pass it off as "the system made me do it " - sheesh ) ..
Have some decent steaks -that's what vacations are for man.
Comrade Troyski linked:
March 21, 2011? Doesn't that qualify as history by now?
YouTube - Creedence Clearwater Revival - BAD MOON RISING
History proved how wrong the General was on Libya.
I think -- I haven't been following what's happened since Col Q met his sticky end.
Comrade Troyski wrote:
I can't help but notice you've drunk the
.
Comrade Troyski wrote:
They've been pumping lots of
... it's a good sign at least.
Comrade Troyski wrote:
He was identified as a Fox Military Analyst. I suspect real analysis is difficult to find there what with the amount of political content in everything from the news to not-the-news, if you can tell the difference between the shows.
Who exactly suffered losses because of the LIBOR rigging--and how?
Massive Furor in UK Over Libor Manipulation; Where’s the Outrage Here? « naked capitalism
MONDAY, JULY 2, 2012
First, Libor is the basis for pricing over $10 trillion of loans. As the CTFC noted:
US dollar Libor is the basis for the settlement of the three-month Eurodollar futures contract traded on the Chicago Mercantile Exchange, which had a traded volume in 2011 with a notional value exceeding $564 trillion.
The Wall Street Journal puts total in contracts affected at $800 trillion.
Second is that price fixing is a criminal violation under the Sherman antitrust act. The Department of Justice stressed that Barclays had been the first bank to cooperate with the investigation and had been extremely forthcoming, and for that reason it would not be prosecuted if it complied with the settlement terms for two years. The implication is that the DoJ will not be as generous with other banks involved in the price-fixing scheme.
Yes, Virginia, the Real Action in the Libor Scandal Was in the Derivatives « naked capitalism
As the Libor scandal has given an outlet for long-simmering anger against wanker bankers in the UK, there have been some efforts in the media to puzzle out who might have won or lost from the manipulations, as well as arguments that they were as “victimless” or helped people (as in reporting an artificially low Libor during the crisis led to lower interest rate resets on adjustable rate loans pegged to Libor; what’s not to like about that?)
As the Economist points out:
The sums involved might have been huge. Barclays was a leading trader of these sorts of derivatives, and even relatively small moves in the final value of LIBOR could have resulted in daily profits or losses worth millions of dollars. In 2007, for instance, the loss (or gain) that Barclays stood to make from normal moves in interest rates over any given day was £20m ($40m at the time). In settlements with the Financial Services Authority (FSA) in Britain and America’s Department of Justice, Barclays accepted that its traders had manipulated rates on hundreds of occasions.
And the idea that one party’s loss from the manipulation was another’s gain is irrelevant to those on the losing side:
….banks will be sued only by those who have lost, and will be unable to claim back the unjust gains made by some of their other customers. Lawyers acting for corporations or other banks say their clients are also considering whether they can walk away from contracts with banks such as long-term derivatives priced off LIBOR.
I expect the firms involved to face a locust swarm of litigation. Lawyers may accomplish what regulators and politicians refused to do: strip the banks of ill gotten gains and bring their preening CEOs and “producers” down a few notches. A day of reckoning may finally be coming.
picosec wrote:
googling to remind.. I have to correct what I said
Its the HORNS, not White Hart - The Horns - Crazies Hill
The White Hart was in Wargrave - totally true story - sitting in their beer garden - a prop plane flies overhead, then lands in the field beside the pub - two of us walk over to lift the barbed wire so the pilot and companion ( girl OF COURSE ) can duck under the wire and get into the garden - they settle down for a beer - not too much said..
So given what you said about down river from Reading, that sounds more like it. the Horns was more uphill.
But the Horns . you know it ? you'd know if I told you it was run by an ex-Malaya rubber plantation retiree and his kiwi ( hmm Antipodes to the rescue I'm sure ) wife. Amazing couple. we learnt a lot off each other over several years of twice a month visits to their pub.
Bubblisimo Gerkinov wrote:
Ask yourself: When did the Bubblisimo happen? Who was doing the Gerkinov while it happened?
Let me know when you come up with the answers.
General: 'We've Been Snookered' on Libya - Politics - Fox Nation
just another right-wing dumbass.
The question is: Once you break the pottery, what do you do to rebuild it?
What's wrong with that question?
What's for dinner? Home-Made Tagliatelle w/ Mushroom Duxelles and Caprese Salad.
skk wrote:
Can't honestly say, but it was a business trip, probably mid-80's that took me to Aldermaston and a colleague and I spent two nights in a tiny hotel a short walk to a Thames lock, about 20 minutes drive down from Reading. I believe it was Henley but then, I don't even remember what I had for dinner yesterday,
merchants of fear wrote:
It's an analogy, and maybe not a good one. Maybe a country isn't as rigid and brittle as a ceramic pot. Maybe it's like an egg; hard shell on the outside, gooey on the inside. After you break it, you scramble it up and eat it.
Not our problem. Libya was the right model for liberating, or trying to at least, a nation under a dictatorship.
Our role was similar to France's in our own revolutionary war, mostly over the horizon and logistics support, plus some key military strikes when necessary or opportune.
edit: I need to admit that I'm undoubtedly horribly naive about the realities of Qaddafi's regime. Bunch of dirty interconnectedness with our own subrosa state with that no doubt.
Comrade Troyski wrote:
you truly are .. ok let me calm down..
Rebuilding Libya a low priority for Swiss firms- swissinfo
July 6, 2012
Eight months after the death of former Libyan dictator Moammar Gaddafi and the downfall of his regime, Swiss companies still have little appetite for doing business in the North African state.
While some firms may be coy about revealing their interests, it appears that others have been put off by the arrest and imprisonment of ABB workers in 2008 and the continued unpredictability in the country ahead of this week’s elections.
Not even the lure of lucrative contracts to rebuild Libya’s war-torn infrastructure and the presence of trade missions from other countries has been enough to persuade Swiss executives to travel to Libya in appreciable numbers.
French, Italian, British and even Danish trade missions have for months been active in the country in the race to secure future business, with the United States also eager to get a piece of the action.
Unstable situation
But the political and security situation in Libya is still far from obvious, with several competing clans eager to fill the power vacuum left empty by the deposed Gaddafi. Elections to vote in a government were initially scheduled for mid-June, but were put back to July 7.
Libya faces daunting security challenges: Swiss action.- swissinfo
Nov 9, 2011
Vast unguarded weapons stockpiles, armed militias and urban areas contaminated by munitions and mines – Libya’s interim leaders face a formidable security situation.
edit: I need to admit that I'm undoubtedly horribly naive .
that will be a good start. tell me what do you think of Comrade Arianna ?
Federal Judge Richard Posner: The GOP Has Made Me Less Conservative : It's All Politics : NPR
I just beat the rush.
goldigger milker of an apparent dailykos-like market opportunity
Help me here someone - I have a long work-weekend - my pressie to prepare - I can't be getting so engaged - there's definitely something about Comrade Troyski's posts that cries out for a .. well lets be adult here.
Comrade Troyski wrote:
whoah.. ok one more - what do you think of Obama ?
sportsfan wrote:
It can be traced back to at least the S&L debacle in the 80s ... various
power sharing ever since ... I don't have much hope for change these days.
gooey on the inside
Is that the
Comrade Troyski wrote:
... we didn't like with lots of
. 
I like his backstory of coming from a single-parent household through Occidental to Harvard Law.
Real (apparent) meritocratic story there, refreshing to not have yet another fucking legacy rise to power.
Somewhat unwise in his initial entry into politics, tough to tell how smart he really is about things.
Given a complete catastrophe-in-motion of a situation in 1Q09. I couldn't have done any better.
Undoubtedly too green, too reliant on Democratic power blocs like Rubinites.
Didn't understand how f-ing screwed everything was in 2009, he and 250 million other people.
After the 2010 election he's still at the tiller but it's no longer connected to anything.
merchants of fear wrote:
wd ya believe it ? all these high-falutin' principles bandied about when its all about
Comrade Troyski's posts that cries out for a .. well lets be adult here.
It's partisan-itis or one dimensional-ism.
merchants of fear wrote:
Wish I had thought of that. Mainly I was just looking for a different analogy (can't make an omelet w/o breaking eggs) to show that it forces the discussion down different lines.
u r alright skk.
merchants of fear wrote:
A shame that I must abed, but what do you find unconvincing in his data?
Too green. Well I wonder.
I've read Yergin's first book, it covered the history a bit there, but that book is really sanitized all to hell.
The place was turning into a DPRK-quality police state due to the simmering rebellion, and that was affecting the spiceflow.
After the events in Tunisia, the Arab Spring thing naturally heated up.
I wish the Libyans well and good luck on their journey of political development.
Tough road, I don't think we have the national maturity to retrace the path we blazed 1790-1820.
Actually it was pretty bumpy at the time, too, and only got worse before it got better.
Comrade Troyski wrote:
welllllll.. okkayy - one lasttttt favor - when you talk about taxes, pensions give a nod to accounting equalities heh ?
Accounting identity - Wikipedia, the free encyclopedia
As Butch Cassidy said - "you don't have to mean it or anything like that " - just give a passing nod to the fact there is a paradigm about their existence..
Ab't from that. hell yer cool. I think he's quite a shit myself, Obama I mean, but my frame and your frame overlap enough.
... was just looking for a different analogy (can't make an omelet w/o breaking eggs) to show that it forces the discussion down different lines.
Lead the way... can Libya be saved?
LOL. I'm a left-libertarian by inclination. The foremost cancer I see in the world is the maldistribution and rent-seeking from land, which is the weath-bearing fabric of the universe.
This goes back to the very real and ongoing violation of some important first principles.
Lockean Proviso
for one
Comrade Troyski wrote:
hey very good.
After the 2010 election he's still at the tiller but it's no longer connected to anything.
Almost everybody he picked for his advisors seem to have bailed... figuring there might be what... an inquiry.
picosec wrote:
Not sure if I understand the question, but that never stopped me before.
It seems irrelevant to discuss
what ifs and if onlys when it's painfully clear that they are complicit in the same regulatory capture abetted by the 
... imo.
merchants of fear wrote:
I'm not willing to take a stand on that. I don't have anywhere near the knowledge of the people and the problems to do more than say: I hope the Libyans form a society they're happy with.
Oversimplifications are oversimplifications. I don't know anything, but I don't like the way things have been going since 1980.
People say the Japanese have one quadrillion yen in savings.
Too bad it's all in JGBs.
edit: and USTs!
It's partisan-itis or one dimensional-ism.
A shame that I must abed, but what do you find unconvincing in his data?
Some of the Fed charts Troyski has posted have been interesting... my comment was geared tonight to the partisan namecalling against a General who commented on rebuilding Libya...
Comrade Troyski wrote:
Libertarian?!? You're pushing the envelope on that one, comrade.
As Churchill that old racist rascal said - o bugger it, to bed-
me.. I can put myself to bed with George Mosse - ( lecture 9 for the 10 th time - I get as far as the Fairchild novel bit ( FAIR CHILD geddit , no really ) and pietism ) - by the way thank you HCNers for helping me move past hand-waving on Lutheranism ( I even know not to call it LutherISM ) - some great feedback 3 weeks or so ago - and Zzzzzz - works every time. but fURST -
YouTube - Sunta Hai Mera Khuda - Pukar (HD)
sdtfs wrote:
They do have the benefit of not having their economy taken over by neocon zealots. Unlike Iraq, the priority of the varied interests seems to be getting
production up to prewar levels. However, even that has been a bit shakey ... Armed federalists shut down Libya oil terminals ahead of vote - Africa - World - The Independent
but what do you find unconvincing in his data?
just another right-wing dumbass.
This was why I brought up the partisanship comment...
I'd like to think Geolibertarianism - Wikipedia, the free encyclopedia is both necessary and sufficient to order a just society.
I'm certain about the former, somewhat skeptical about the latter.
I believe there's enough wealth-creation for everyone to have access to that which is necessary to become and remain a productive member of society.
Hence my rants about the economic rents in land, health care, and energy. We're getting robbed of trillions of our own damn wealth every year, and it's only getting worse.
Forecast: O.C. rents to rise 5% by ’13 - Lansner on Real Estate : The Orange County Register
Armed federalists shut down Libya oil terminals ahead of vote
Sounds destabilizing.
I'm a progressive. I think our military is about twice the burden it needs to be. And Fox and their stable of bullshitters are a large part of that.
National Defense Consumption Expenditures & Gross Investment (FDEFX) - FRED - St. Louis Fed
Comrade Troyski wrote:
I don't necessarily disagree with that, and I wouldn't mind clawing back a great deal of ill-gotten wealth. As a libertarian type myself, though, I can't reconcile that with confiscatory taxation of the masses.
Comrade Troyski wrote:
I think most here would agree with that, too.
Federal Government Current Receipts (FGRECPT) - FRED - St. Louis Fed
Taxman has tough competition from the Rentman.
Thing is, the Taxman actually creates useful wealth and is democratically responsive to the people..
Rentman by definition does not create useful wealth. He just owns it.
And he doesn't hold any elections.
Ok then... I'm not a fan of Fox BS either... but not ready to totally broad brush everybody on there yet either... the endless wars are a drain on the deficit which some may figure doesn't have to be paid maybe... or isn't real debt... so go for it... live in the now...
That's the thing (right) libertarians don't understand.
Land values will eat every penny of savings of the minarchy state.
What the taxman doesn't take, the rentman will.
more cracks in the system.
Looks like major settlement pressure... will there have to be 'emergency' intervention to save these enterprise entities...
Actually personal current taxes are now LESS than rents in healthcare ($1.5T) and maybe land ($1.5T ?)
Personal current taxes (W055RC1) - FRED - St. Louis Fed
Comrade Troyski wrote:
Um, you just MASSIVELY contradicted yourself, since that is exactly what the Taxman hasn't been. Libertarians aren't statists.
If I have to choose, I'll take the taxman over the rentman. Big Government over the libertopia of the Kochs and Olins.
National Defense Consumption Expenditures & Gross Investment (FDEFX) - FRED
Really took off in 2001 when the U.S. couldn't respond to being attacked all day to the point that the Pentagon was literally defenseless.
Comrade Troyski wrote:
False dilemma.
Not hardly.
The Path to Prosperity - Wikipedia, the free encyclopedia
I'll take the taxman over the rentman
Ok, how about a 50-65% tax to begin with for you. The money will be put to good productive use, right?
TJ and The Bear wrote:
let me help with an older term - Morton's Fork.
I tell ya I look forward to eating a decent steak - on another company's vast expense - at Mortons and when the steak arrives complaining to the waiter..
Where's the Fork, where the's fork and putting my best Brit accent on - where's the effin' FORK ? I wonder if they are aware of this connect ?
I really really really look forward to doing that. so far. not yet. I'll post sound and vid when I make that happen.
Already payin' it, LOL.
And no, Leviathan is not putting its $5.5T/yr revenue stream to good use. Not at all.
$5.5T is $50,000 per household of government expense. Bigger than the rent, LOL.
We need single payer. We need to cut the DOD expense in half. Trillion or two in savings with that.
We need to tax resource rents more and incomes less.
Problem with that though is the less we tax incomes, the higher housing rents (and values) will go!
F'in treadmill. Only way to stop it is to tax all economic rents and let $deity sort 'em out.
That's the way it is done in those socialist hellholes up in Scandinavia. The ones with the AAA credit ratings still.
You want your contract enforced you come to court with 'clean hands'.
Comrade Troyski wrote:
World-systems theory
World-systems analysis argues that capitalism, as a historical social system, has always integrated a variety of labor forms within a functioning division of labor (world-economy). Countries do not have economies, but are part of the world-economy. Far from being separate societies or worlds, the world-economy manifests a tripartite division of labor with core, semi-peripheral, and peripheral zones. In core zones businesses, with the support of states they operate within, monopolize the most profitable activities of the division of labor.
Overall, Wallerstein sees the development of the capitalist world economy as detrimental to a large proportion of the world's population.[5] Similar to Marx, Wallerstein predicts that capitalism will be replaced by a socialist economy.[2]
The following is a theoretical critique concerned with the basic claims of world system theory: "There are today no socialist systems in the world-economy any more than there are feudal systems because there is only one world system. It is a world-economy and it is by definition capitalist in form." (Wallerstein 1979)[20]
World-systems theory - Wikipedia, the free encyclopedia
And good faith, disclosure, and fair dealing.
Comrade Troyski wrote:
I'm with you here on this. Good thing we aren't running for the highest office.
'Modern Capitalism Has Reached the End of Its Rope’ | Common Dreams
Published on Tuesday, October 4, 2011
There is barely a corner of the globe that has not been touched by the current financial meltdown. But a senior sociology scholar at Yale University thinks the crisis is far wider than the economic crash - it is capitalism itself which is collapsing.
Immanuel Wallerstein explained his theory to RT.
“Modern capitalism has reached the end of its rope. It cannot survive as a system,” Wallerstein said. “And what we are seeing is the structural crisis of the system. The structural crisis goes on for a long time. It really started more or less in the 1970s and will go on for another 20, 30, 40 years. It is not a crisis of a year or of a short moment, it is the major structural unfolding of a system. And we are in transition to another system and, in fact, the real political struggle that is going on in the world that most people refuse to recognize is not about capitalism – should we have or should we not have it – but about what should replace it.”
Rate rigging probe escalates in UK and Germany - Yahoo! News
Excerpts...
Reuters – 9 hrs ago
LONDON/FRANKFURT (Reuters) - A global investigation into manipulation of interbank lending rates widened on Friday with Britain's fraud squad taking up the case and sources telling Reuters that Germany's markets regulator had launched a probe into Deutsche Bank.
Germany's BaFin regulator has initiated a "special investigation" into Deutsche Bank, a process which is more severe than a routine investigation initiated by a third party, two sources said on Friday. The sources included a banker and a regulator, both of whom spoke on condition of anonymity.
News of a "special investigation" in Germany also raises the stakes. Deutsche Bank said earlier this year it was cooperating with authorities investigating accusations of manipulation of Libor, the only German bank to make such a disclosure so far.
Deutsche Bank has disclosed that it is cooperating with the U.S. Department of Justice, the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, and the European Commission on Libor. These inquiries relate to periods between 2005 and 2011.
YouTube - Toiling Midgets - Faux Pony
YouTube - Toiling Midgets-Big Surprise.wmv
YouTube - Toiling Midgets - Trauma Girl
Hoopajoops LTD wrote:
Hell, only time I think of Syria is when I want falafels or gyros. Or was that Greece?
Comrade Kristina was asking about you. Said she hadn't seen you around for a bit.
Thanks Rajesh.
I had some unexpected and pressing priorities that took me away for a bit. Then we had a nasty storm which required clean up and postponed my return. Then I found out about Steve's untimely death and that made my heart too heavy. He was always very kind and supportive towards me.
Oh, Nanoo! I was worried about you. Glad you are back. I thought maybe the storms had caused you some issues. Very sad about nova.
YouTube - Ella Fitzgerald and The Inkspots - Into Each Life Some Rain Must Fall
German Bonds Surge as ECB Cuts Rates Without Supporting Spain - Bloomberg
"Germany’s two-year note yield fell 13 basis points this week to minus 0.01 percent at 4:26 p.m. London time yesterday, the biggest drop since the week through Dec. 2. It reached a record-low minus 0.018 percent yesterday. The zero percent securities due June 2014 gained 0.265, or 2.65 euros per 1,000- euro ($1,230) face amount, to 100.025."
..Morning...this is interesting, in that I would think the only way this could happen is if all the purchases were from outside Germany. Otherwise why not just hold the currency for two years? But the old folks in Germany are probably getting the "full Bernanke" from the result...
Also, Nanoo has
Bruce in Tennessee wrote:
By having the note, you have collateral for secured lending transactions. You can borrow against it with the ECB if you need cash overnight.
I did manage to catch some of Bob Diamond's testimony. He said the LIBOR manipulation made him sick to his stomach. I say HE and his ilk make me not only sick to my stomach but feeling dirty and slimy after listening to them speak about how wonderful they are and how much they LOVE each other. oh ICK.
I am not appeased by the calls for criminal investigations in London, Germany, the US. It will be as it always has been, a show and that is ALL. The paltry punitive sums against the gains made by graft, by stealing and manipulation, is INSULTING. Do these 'leaders' really think we are impressed? What contempt they all must hold for everyone except themselves.
Rajesh wrote:
OK...but if you were a German holding the currency, wouldn't you just spend the currency for what you needed...I mean, assuming you had a grand in currency or a grand in two year bunds that paid -.18%...wouldn't you have the same collateral?
(I am not an economist, so maybe I don't see it clearly)....
Yep, Nanoo. They really don't understand that the little folks don't love and adore them. Their reality is not the same as ours.
Good to see you Nanoo. A number of people were worried about your absence.
Thank you vtcodger. Real life trumps online life sometimes.
Did you weather that nasty storm ok?
Bruce in Tennessee wrote:
Cash doesn't work well as collateral because once it is in a bank account, it's mixed with all the other money. It's easier to segregate the securities. (Unless they get rehypothecated)
In the past, you also got the interest from the collateral. If rates are going to stay at zero they might start allowing cash as collateral but it would require updating their procedures to handle that.
Comrade Kristina wrote:
Well, I have a life-sized mural of Tim Geithner in the living room...does that count against me??? It is next to the dogs' bowls...
Bruce in Tennessee wrote:
I'm calling the Humane Society, that is overly cruel treatment.
Actully we use it for attack dog training...
Hey Bruce, I saw you too got horrible storms this past week. I hope you didn't see any damage.
You should use it as a fire hydrant cover.
I don't know. The UK investigations of Murdoch have resulted in 50 plus arrests and (I bellieve) shutting down New of the World. Maybe UK investigation have teeth.