http://www.marketwatch.com/news/story/research-markets-how-carlyle-fund/story.aspx?guid=%7BCC7AB341-931F-4ACF-ACBD-BD0DD3FE2422%7D&dist=hppr

This means ‘financial’… but ‘well being’ is most important therefore F NO is the answer. Never before have I felt so embarrassed, ashamed over what our country has done.

Wolf Blitzer called on financial expert Glenn Beck to explain the problem. Beck said there is nothing wrong with capitalism, the problem is GREED. I thought capitalism was supposed to run on greed.

The problem with asking Glenn Beck to talk about economics is that he’s the Sarah Palin of money matters. It’s like asking a drunk who isn’t off the sauce what’s wrong with drinking…and it’s all the bottles fault for being there and going in the drinker’s mouth.

Senator Glenn wants to blame every entitlement program that could be fixed with just a tenth of that bailout money, but blames those programs instead of his buddies he’s enabled, drank with and played grab a$$ with. It’s everyone else who screwed up and Glenn wants to make sure all the elderly and incompetent racist kool aid guzzlers and bible thumpers who watch his show don’t hang a$$ clowns like Darrell Issa from a tree.

In Glenn’s world, if you’re a minority who defaulted on a home loan it’s the minority family who is homeless and not the mortgage company, real estate agent, credit policies, slash and burn percentage cuts to “stimulate” the markets or the rampant deregulation that has gone unchecked. No. It’s those crazy people of color and their home loan default pyramid schemes! If Glenn was any sharper, he’d be cutting playdough in a kindergarten class.

Keith Says:

McCain campaign said it was all Obama’s fault. From Salon.com:

“Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill,” McCain senior policy advisor Douglas Holtz-Eakin said in an e-mail to reporters. “This bill failed because Barack Obama and the Democrats put politics ahead of country.”

Yes, I believe Grampy said this immediately before he said it wasn’t time to cast blame.

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092802218.html?sid=ST2008092800943&s_pos=

And leverage, can you look that up as well? Publicly traded Carlyle Capital Corporation specialized in mortgage backed securities. They leveraged their equity 39 or so to 1. When trends turned unfavorable, that sharp edge turned inward.

Funny, their rollup has a chance of garnering more if the Treasury plan passes. Yes, that’s the same Carlyle Group, Bush and his daddy once worked for. George W. was on the board of CaterAir, a Carlyle affiliate.

If I tried to make sense of Ms. Palin, even with the help of a troll translator, it would cause me deep psychological harm. Merely hearing, or reading, her words makes my brain cells threaten suicide.

If the problem is restricted to sub-prime securitized mortgages as you suggest, then why is the Treasury bailout taking an “all of the above” approach to buying back distressed assets?

And why are they buying back credit default swaps? They’re supposed to be the “peace of mind coverage” for securitized debt. The credit derivative market is unregulated.

Poor people didn’t package and sell credit “coverage” and then bail on their commitments. The big money boys did.

Worldwide central banks pushed $200 billion into the markets today. But that money won’t move around with the big money boys scared to loan to each other.

Pay day loan rates aren’t just for poor people anymore. Goldman, Morgan, and Merrill now get their turn.

oh no bob,

it’s palinese.

and only the glue sniffing

right wingnuts respond to it.

*

i wish chucky was still here.

i want him to translate this for me.

from sarah:

“Yeah, well especially in that region, though, we have to protect those who do seek democracy and support those who seek protections for the people who live there. What we’re seeing in the last couple of days here in New York is a President of Iran, Ahmadinejad, who would come on our soil and express such disdain for one of our closest allies and friends, Israel … and we’re hearing the evil that he speaks and if hearing him doesn’t allow Americans to commit more solidly to protecting the friends and allies that we need, especially there in the Mideast, then nothing will.”

anybody want a crack at it?

*

http://hosted.ap.org/dynamic/stories/P/PALIN_PAKISTAN?SITE=PASCR&SECTION=HOME&TEMPLATE=DEFAULT

the guilty

climbing the gallows

scream in impotent rage

at those who sought to save them from

their folly

the republican party

is no more.

just as chucky.

*

chucky?

#

see?

*

good luck.

!

They try to pin bank collapses, banks who trade in billions of dollars a day, on people who are a few grand behind. Then they try to blame the failure of a bad piece of legislation on the Dems when they can’t get half their own delegation to support it. And it’s positively bizarre for the McSpin campaign to fault Obama’s efforts when Flippy’s own party voted against it in bigger numbers.

Another day in the United Surreal States of America.

“Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill,” McCain senior policy advisor Douglas Holtz-Eakin said in an e-mail to reporters. “This bill failed because Barack Obama and the Democrats put politics ahead of country.”