I thought this interview was rather informative.
*** Update ***
Not sure why the comments were turned off on this post. Never has happened before.
by John Cole| 36 Comments
This post is in: Domestic Politics
I thought this interview was rather informative.
*** Update ***
Not sure why the comments were turned off on this post. Never has happened before.
Comments are closed.
mapaghimagsik
Hmm ORLY?
robertdsc
Break the whole thing up. It doesn’t work, won’t work, and will never work. But nothing will happen and life will go on just fine for Wall Street. Yes we can. Change we can believe in. Change we need.
Face
I just figured you were finally sick and tired of all our nonstop bitching.
beabea
That was very informative, thank you. Made my head hurt a little trying to follow the intricacies, but this part made total sense:
Shorter: Let’s disincentivize loading up on crap. Amazing how this did not occur to these geniuses while they were blowing the place up.
angulimala
Ahmadinejad speaks out about the election.
MarkusB
Not sure why the comments were turned off on this post. Never has happened before.
Tunch musta hit the “right-wing blog” toggle. It’s all part of his slowly-unfolding plot against you. You know how they say cats play with their prey first. I expect Tunch is especially sophisticated in this regard.
peach flavored shampoo
Sorry for the OT, but this is soooooo for John Cole.
My apologies if this has been posted elsewhere.
arguingwithsignposts
@beabea:
Because they knew they would get paid either way. The bankers don’t give a shite about long-term stability or growth. They get paid bonuses based on short-term earnings and shuffling paper around. The giant ponzi scheme means they make money either way.
passerby
So says economics Prof. Mehrling, in the linked article. So, he either doesn’t have all of the details of shadow banking or, he knows and just doesn’t want to rock that boat. Guess they don’t call it shadow banking for nothing.
No one dare speak out against the mighty banks. Here’s his crouching phrase: “if only for future historians”. Never mind the future of the global economy much less what’s happening now with regulation. Let’s make sure the history books get it right. Like anyone who counts pays attention to history.
At any rate, I share his wish for a “big” congressional hearing. And, good luck to the both of us.
After re-reading: Perhaps I needn’t be so pessimistic.
JGabriel
John Cole:
And you missed the perfect opportunity to rename it: Wingnut Open Thread.
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KG
@4: the fact that there was any incentive to load up on crap to begin with is the major failing of this whole thing. It use to be high risk/high reward, somehow that got turned into low risk/high reward (and the accompanying attitude of “fuck it, if shit goes sideways, we’ll get get a bailout”).
I know it’s petty and cruel and how it would hurt so many, but I still wish someone in government would have had the testicular fortitude to use the old Ford to New York line. Capitalism is suppose to imply risk.
beabea
@arguingwithsignposts:
Ah, yes…as the forthcoming Goldman Sachs profit bonanza will be showing.
As if we needed another reminder of the conscienceless amorality of these people!
Just Some Fuckhead
I propose we shorten it to Walstreet.
lizzy
Wow! Anybody watching Hardball? Matthews is going to blow an artery discussing Cheney!
JGabriel
Test post. Deleted by author.
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cbear
@lizzy:
I guess that’s marginally better than his prior practice of blowing Cheney.
demkat620
@lizzy: I’m so old I remember the times when Cheney was the one giving Tweety a thrill up his leg.
Tweety used to love him. Until the war in Iraq went south.
b-psycho
@lizzy: I just wanna know why he suddenly changed how he pronounces “Cheney”. Sounds like “Cheenie” from him now.
passerby
@b-psycho: I’ve always pronounced it Chain-ee, but, in the last few months I’ve learned that Chee-nee is the correct pronunciation. Anyone here know definitively?
amorphous
@peach flavored shampoo: Actually, I think this is more “John Cole.”
General Winfield Stuck
OT
Here is another Mcardle article on how people who don’t pay their own medical bills do not add on to the rising cost of healthcare. She uses a graph by AEI to show the level of Veterinary care people pay for their pets is commiserate with what the country spends on healthcare. both of which rise at same rate.
the graph is a gross total expenditures for pets and people health care and not per capata, or doesn’t account for the fact there are more people than in 1984 with steady population growth. Maybe I’m reading it wrong, but wouldn’t more people also mean more pets and vet visits overall during this time frame and account for the lineal correlation?
I don’t know, maybe I shouldn’t have posted this. But I am genuinely curious as to what she is talking about, cause I can’t figure it out.
JGabriel
OT, from DKos: Do you think empathy is an important characteristic for a Supreme Court Justice to possess or not?
White Y: 41 N: 39
Black Y: 81 N: 4
Latino Y: 79 N: 4
Other Y: 79 N: 5
Wankers of the Day: White People. We’re the fucking assholes of the world.
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JGabriel
@passerby:
I don’t know if it’s definitive, but I’ve always pronounced it: Ee-vil Bas-terd.
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passerby
@JGabriel:
uhm, you meant bas-turd, right?
Montysano (All Hail Marx & Lennon)
@General Winfield Stuck:
As J. Peterman once said: “Well, that certainly is a lot of words”. She’s incomprehensible. But I can help you with her basic message: “I hate the thought of poor brown people getting free insurance”.
JGabriel
@passerby:
No, it’s more a schwa sound, “terd”, than a short u, “turd”, sound. Though, really, they’re so close that either version pretty accurately conveys the correct pronunciation. I’m not gonna be nitpicky about it.
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Sarcastro
I could swear I loaded the page and the headline read “Shado Banking Q&A” and the comments were active, but by the time I found a good link for Shado The Brain Thief the headline was corrected and comments were off.
harlana pepper
@peach flavored shampoo: Oh man, I feel like such a frickin rube, now
PeakVT
@General Winfield Stuck: She’s saying little of merit. The graph gave her an excuse to trim reality to fit her glibertarian worldview. But it’s obvious the numbers are meaningless, so she just ends up making herself look like a lazy hack.
jenniebee
@General Winfield Stuck: Personally, I think Meghan’s graph is missing lines representing the total number of Simpsons episodes in production and the annual count of reticulated splines as a percentage of Net Simoleans. Because really, that graph was about as meaningless as it could possibly be.
General Winfield Stuck
@jenniebee:
I figured it was something like that.
DougL (frmrly: Conservatively Liberal)
Tweety talked with Liz Cheney awhile back and she said the proper pronunciation is Chee-nee, not Chay-nee. I always thought it was pronounced So-ule-ess Eee-vil Bass-turd.
Mike
I thought the comments remark was talking about McCardle’s site. When I read the post on Taibbi yesterday, there were many, many more comments and while many were critical, few were genuine trolls. She powerwashed that thread of legit criticisms of her post.
Anne Laurie
@General Winfield Stuck: What McArdle is trying to say, in her own patented hamfisted Glibertarian fashion, is that people will pay what they have to for the things they really care about. She believes her graph “proves” that Real Americans(tm), meaning those with money, care quite a lot about their pets, but about their fellow citizens with less money? — not so much. Ergo, in McArdleWorld, it would be Logically Rational to turn disadvantaged Americans into gourmet pet food, if only those lazy poor folk could be forced to convert to a better diet in order to provide high-quality nutrition.
Maus
From people I knew that grew up in his vicinity and knowing/hating the family, it’s definitively Chee-nee.
Wile E. Quixote
@General Winfield Stuck
Jesus I hope that she and Suderman are sterile. The thought of this pair of narcissistic morons spawning progeny who are as stupid as they are is too depressing to contemplate.
I was over at Taibbi’s blog and he promises a response to McArdle later this week, I can’t wait. Watching Taibbi beat the shit out of a lazy, ignorant, self-centered moron with a massive sense of completely undeserved entitlement like McArdle is going to be a real treat.
That’s because it’s in glibertarian code, which is as densely impenetrable as wingnutspeak. Remember A Beautiful Mind where we find out that Ed Harris’ character was just a figment of Russell Crowe’s paranoid imagination? Well this is the same thing. If you start understanding it seek help immediately, before it’s too late.