iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,444 Blog Posts

Always Remember, You Idiots

Bush did it.

[youtube:http://www.youtube.com/watch?v=TNHLghHNUqk&feature=sub 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

186 comments

  1. Woodshedder

    Geithner is a fucking idiot. I’d like to punch his eyebrows off.

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    • Dr Fly

      WRONG JACKASS.

      Paulson and Bush did it.

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      • JakeGint

        … Said “Mr. Non Sequitor”

        (D – Obama)

        _______

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        • Dr Fly

          THERE IS NOTHING FUNNY ABOUT A 17.5% UNEMPLOYMENT RATE, SIR.

          BUSH DID IT and HE IS STILL DOING IT.

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          • JakeGint

            I DEMAND YOU RELEASE DR. FLY, AXELROD YOU ASSHAT!

            ________

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          • Dr Fly

            You Sir, are sucking up too much of that Ohio Basin air.

            Good Day to you.

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          • robert

            i agree with Fly and i am a republican – or at least i am what used to be a republican.

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          • JakeGint

            You think Bush remote controlled the jets into the Towers too?

            __

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          • lashit

            no, but he did send a jet to pick up the bin laden family out of lexington kentucky airport the next day

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          • JakeGint

            Oh fer Chrissakes….

            _______

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          • freeman in bonita

            The binladen fantasy-

            Richard Clarke, who served as President Bush’s chief of counter terrorism, and before that with the Clinton administration has claimed sole responsibility for approving flights of Saudi Arabian citizens, including members of Osama bin Laden’s family, from the United States immediately after the attacks of Sept. 11, 2001.

            In an interview with The Hill yesterday, Clarke said, “I take responsibility for it. I don’t think it was a mistake, and I’d do it again.”

            Most of the 26 passengers aboard one flight, which departed from the United States on Sept. 20, 2001, were relatives of Osama bin Laden, whom intelligence officials blamed for the attacks almost immediately after they happened.
            A synopsis of clarke’s interview in the hill.com from may of 2004.
            Clarke’s claim of responsibility is likely to put an end to a brewing political controversy on Capitol Hill over who approved the controversial flights of members of the Saudi elite at a time when the administration was preparing to detain dozens of Muslim-Americans and people with Muslim backgrounds as material witnesses to the attacks.
            Let’s also not forget that obama was representing buycks and roberson in their lawsuit against citibank in 1994, for having the audacity to only want to make loans to people who have the ability and propensity to repay.
            It is possible of course that Bush/ Cheney were paying buycks and robersons’ legal bills.

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          • eisensteisn

            No, but the f…ing idiot sat there listening to Peter Pan stories immediately after he was told what had happened. What kind of leader is that?

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          • JakeGint

            You’re correuct.

            He should have shot up from his seat and started barking orders in front of the little chillens. “Tres Presidential.”

            It was “Fuzzy Little Caterpillar,” asshat.

            ________

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      • Fly Wannabe

        Horse Sh*t! As you might recall (doubt it) Pres Elect Obama asked Bush to extend Tarp. http://www.bloomberg.com/apps/news?pid=20601110&sid=aik5Wv_K3na8 Everybody forgets this! Moreover, Timbo could let Tarp “die a natural death” if he wanted to. In fact, Rep. Burgess asked Timmy yesterday if he would let Tarp die, but Timmy just danced like an exotic dancer in goggles and snow apparrel tossing one dollar bills at Muslim Psychiatrists and didnt answer the question. Moreover, Timmy wasn’t working with night crew at KFC when the crisis began, was he? Wasn’t he Chair of Fed NY? Why yes he was! So, when you are surviving on beetle livers this winter living in the snow because your analytical skils are gay and wear ’80s parachute pants, make a snow angel for me. Oh, do you think Obama’s budget and desire to socialize every McDonalds in America has anything to do with our predictament?

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    • PoorOkie

      someone beat you to it – he has no eyebrows

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    • omfgitsjd

      Those truly responsible will never reveal themselves to you. All you get is the planned fall guy. Sorry.

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    • mrsbuttons

      Doesn’t Geitner look like one of the keebler elves only more demented? I think it’s the ears…

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  2. Mr. President

    I burned my toast. Bush’s fault!

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  3. Dr Fly

    Bush was good for the economy like I am good with the emergency room surgical team.

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    • JakeGint

      There’s two reasons employment sucks, for those of you without the benefit of an economics degree from a top quality Marxist school like me:

      1) Employers know the Bush tax cuts are going bye bye next year, thanks to Socialism, Inc. (ie, Congress and the Chicago Hittah). Investment moneys are being allocated away from bidnesses.

      2) Obamacare promises to make new hiring feel like hot lava poured down one’s gullet for employer.

      __________

      IOW — nice due diligence, Obama-Pelosi voters.

      _______

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      • Dr Fly

        Keep punching in that GOP card Jakey. I am certain, one day, you will find another Reagan.

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      • Dr Fly

        About those Bush tax cuts:

        They did a marvelous job in helping the stock market advance this decade.

        Oh, yeah, I forgot, WORST DECADE SINCE GREAT DEPRESSION.

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      • Purdy

        You’re a idiot. Employment sucking has nothing to do with our beleaguered balance sheets and the Bush bubbles bursting – eh?

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        • JakeGint

          You’re a (sic) idiot?

          ____________

          (the defense rests)

          Assuredly, Framingham, you are an idiot.

          _____________

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          • Purdy

            Pretty lame Jake.

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          • Spooky

            More than pretty lame. Stick to grammar, my boy, and you’ll do fine, but stay out of economics!

            Let’s make this simple for you: There was capitalism before the Bush tax cuts and there will be capitalism after they expire. Idiots like you, sir, lose immediate credibility by throwing the word “socialism” around meaninglessly. China is socialist–and it’s givin it to you and your children in the ass every single day… How do you like dem apples?

            The minute Bush stepped into office, the economy started to dive. He had Greenspan drop the rates to save the economy, offered free fake money to everyone creating a bubble that peaked in 2007-08.

            The only way conservatives can come off the ledge–which is where they’ve been standing for more than a decade, as far as I’m concerned–is by recognizing the simple historical truth. “capitalism” and “socialism” are silly fictions that ayn rand likes to throw around. The US has been a state-capitalist society since the depression. There was the WPA in the 30s, WWII in the 40s, the Cold War military-industrial complex in the 50s and 60s, and Reagan’s re-militirization in the 80s. Nuf said. Notice which decade is missing? the happy 70s. Hmm, wonder why? NASA couldn’t carry the demand load?

            Jakey, my boy, you’re a decent chart reader and market guy. Stick to what you know.

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          • JakeGint

            Moron:

            The market crashed while Slick Willie was in office.

            Do you know why?

            Hint, it had nothing to do with Bush, retard.

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  4. arch

    still pimpn large in my poker tourney and im in the money

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  5. Dr. Incognito

    Bush should have vetoed more of that stupid legislation. Maybe all of it. He let them pass all those bills and give out all those loans.

    Only in Venezuela does the President run the economy, FYI.

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    • Dr Fly

      Dr.

      I concur.

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    • JakeGint

      Correuct, and Obama is in love with that Venezuelan model, no mistake.

      The farthest left Congress in history (in the guise of Madame Pelosi) is now married to the farthest left (by a long shot) POTUS in history.

      We’re about to see just how truly phucked up that can be for us.

      Nice goin’, Bread and Circuses lovin’ People Magazine readin’ America.

      ________

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      • Dr Fly

        Perhaps you live in la-la land. But, last I checked and I do have a good memory, all of this started under Bush, including the bailouts and other things you Tea Party types are against.

        Why stoop down to a liberal level and have selective memory disorder?

        Maybe you have NPD?

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        • JakeGint

          Because I remember the ridiculous prime the pump policies of Alan Greenspan all througout the late eighties and the nineties right into the first bubble pop in 2000, from which we have never recovered, and have been in a secular bear since.

          As I mentioned… you might want to do some study. Remember y2K?

          _______

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          • Dr Fly

            It’s amusing to see such an intelligent person, such as yourself, believe in the rouse of a two party system. Tell me something, do you really believe your vote counts for something? Do you really believe that if Mccain got in office, things would be different.

            Sure. If I ran a 14 trillion dollar a year business, I’d let some jackass take it over every 8 years. Makes perfect sense.

            Long live democracy.

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          • MOOBS

            We would have had a hot VP, which is nice.

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          • Purdy

            Yes things would be different under McCain …we’d be flushing even more money down foreign rat holes instead of flushing it domestically where at least is circulates in OUR economy.

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          • JakeGint

            Wrong, we are still flushing, just as rapidly. Fly is right about that much.

            Where he’s wrong is in the socialization of medicine combined with a near unprecedented (planned) increase in marginal tax rates.

            In other words, a disaster we most assurely would not see under either McCain Presidency or a GOP Congressional leadership.

            Back to Framingham CC with ye.

            ______

            _________

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          • Purdy

            What is Framingham CC?

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          • JakeGint

            Community or Communist College.

            In your case — obviously interchangeable.

            ________

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          • JakeGint

            A little deep into the conspiracy weeds tonight, aren’t we?

            And it’s “ruse.”

            ________

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          • Teahouse On The Tracks
            Teahouse On The Tracks

            So then it’s Reagan’s fault for replacing Volker with Greenspan, right?

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    • Generational BOTTOM Picker
      Generational BOTTOM Picker

      Does he run the fuckin’ money-siphoning MILITARY which is sucking the life blood out of America like it did in Russia in the 80’s?

      I say he does, and he should cut that friggin’ Department of Attack budget in HALF.

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      • JakeGint

        Gotta love the Generational Bottom Picker.

        He is a treu (sic) hippy.

        Represent yo’ old ass, ruined-the-damn-country-with-your-spoiled-self-centered- boomer generation, Gen Bottom Pickah!
        ________

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        • Dr Fly

          True

          I am sure we actually “need” to spend 750 billion per year in military weaponry and services. All those damned terrorists out there. You know, freedom isn’t free.

          Hell, with 750 bill per year, we can send troops to do door to door searches.

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          • Dr Fly

            I’m sorry. I misspoke. We only spend 1.1 trillion.

            Those devilish Chinese, with their 50 billion per annum, are catching up!!!!

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          • JakeGint

            We are subsidzing the rest of the world with our defense policies.

            We are doing the same with our healthcare policies.

            Both should end, agreud.

            _______

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          • Dr Fly

            Yes and no.

            Have you seen the absurd contracts doled out to contractors, for weapons that we will never use? It’s criminal. But because it’s “the military,” no one talks about it.

            From my perch, the military corporations make too much money, while the men who actually do the fighting make far too little. Let’s have us a little socialism in the military, since we’re into that sort of thing now.

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          • Steve Place

            Funny how many retired military are against socialized medicine whilst they pay less for subsidized tricare.

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          • JakeGint

            The difference is — they actually deserve it.

            Everyone who hasn’t born arms in defense of their country can buy their own freaking healthcare.

            _______

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          • Hammy

            yeah!

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          • DPeezy

            lol, yeah, but sticks & stones don’t cost much. Especially when I’m sure we supplied it to them at some point or another. (Well, maybe not the Chinese, but you get the metaphor.)

            Surround Hammy & his rifle with a 1000 Chinese with sharp sticks and I think Hammy will go down. He’ll take 500 with him, but the Chinamen will prevail…

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          • Hammy

            hahaha

            500 to 1 aint a bad kill ratio

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          • JakeGint

            Like Korea, basically.

            __

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  6. Vijay

    Shut up jelly belly

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  7. arch

    pimped 6th made some $$$

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  8. masterpain

    FX margins changing……next week

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  9. Woodshedder

    Fly, why are you sporting such an effeminate avatar?

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  10. Fook

    LOL @ the republicans today. Palin/Beck in 2012! YEE HAW!

    http://www.politicususa.com/en/Palin-Beck-2012

    Good luck with that.

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  11. gappingandyapping

    This is still Bush’s stock market and it appears to be roaring.

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  12. Bill

    Everyone should know that the health care takeover plus all the other social programs are beyond the means of the economy to pay for ever – like Nick Cage, the pols have used the credit far beyond the means to pay. The real obligations of the federal government are approximately $115 trillion dollars.

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  13. arch

    why cant the govt sell alaska for everything we owe to every body, plus make a profit .in fact lets have a world wide settlement all the govts settle up wipe the slate clean ..cause i am tired of hearing all the shit day after day and im sure it will go on for years …we bought alaska its worth more now, sell it ..man up and dont pass on this shit to the future generations

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    • Bill

      Who is the buyer or buyers? Japan is the country to watch since it might be our fate. Japan is close to a point of no return – the interest on the debt is close to dominating the the Japanese economy. Only the low interest rates are delaying the day of reckoning.

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      • JakeGint

        Chiner, of course.

        They’d drill the shit out of that oil and barbecue every elk within 1000 klicks of a mineral deposit.

        They’d make a profit, likely.

        _________

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  14. arch

    i dont care who buys it ….they can sub divide it if they want ..its an asset and it needs to be sold ….as long as its sold for enough to cover everything ..and we wipe our slate clean …if i was in trouble and needed to straighten out my money issues i would sell something ..as im sure you would also

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  15. Bill

    My prediction is default – the government is going to say F you on social security and a lot of other programs and debt – Uncle Sam says F you! You get nothing,. sir!

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  16. Steve Place

    This is devastatingly simple.

    When you fight a two-front war financed on foreign debt, nothing good can come of it. And when the Fed is under political pressure to keep rates artificially low in order to finance these wars, bubbles happen.

    Remember, the first classic blunder is never start a land war in Asia (specifically Afghanistan). The second is never go up against a sicilian when death is on the line.

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  17. justme

    Does anybody know what is up with Aracruz Cellulose? TDAmeritrade not showing ARA even exists today and I own some. What’s up with that?

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    • JakeGint

      FBR.

      Probably a bad sign, as that’s the old ticker for a real pizza crap firm.

      _____

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      • DSB

        Votorantim Celulose e Papel S.A. (VCP) NYSE, Name and Symbol Change

        Commencing November 18, 2009 NYSE Ticker Symbol (VCP) Votorantim Celulose e Papel S.A., American Depositary Shares (Each represents one Common Share) at Post 6 Panel O will change to NYSE Ticker Symbol (FBR) Fibria Celulose S.A., All orders under the old symbol expired at the close of business, November 17, 2009.

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        • justme

          Still not sure that you know what I am writing about. It was not called “VCP”. But ARA. This was /is a pick on this site. Did it go from ARA to VCP to FBR?

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  18. Bill

    The Afghan situation is simple to exit but will the Taliban claim victory and take back over and then bin Laden is back in business? You know a used jet liner can be purchased for a few million and loaded with explosives or nuclear material or even a small nuke and flown across the Atlantic by these crazy freaks. Most of the federal budget is entitlements – not military – the interest on the debt will soon eclipse the military. Hey, the fools are still funding the public radio tv and arts – it is like Nero fiddling.

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    • Steve Place

      Sunk cost fallacies aside, what happens historically to countries that invade Afghanistan?

      Also, if a jet liner is that cheap, then you don’t need a soverign nation to do it.

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      • Bill

        It’s not about sovereign nation – it’s about bin Laden being occupied with looking over his shoulder and other matters. We have military people who are supposed to handle this shit – I am not going to do their thinking for them.

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    • Generational BOTTOM Picker
      Generational BOTTOM Picker

      Bin Laden (he’s DEAD, ya know) can get “in business” anywhere he wants to.

      And if a nuke is delivered here, it will be by BOAT at our poorly secured ports.
      We spend $10 billion a month in Iraq and Afghanistan (for NOTHING) while
      we never consider spending that much PER YEAR on port security.

      Our military, Homeland Security, and Congress are three screwed-up outfits.

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  19. PhorexPhucker

    Im with Fly on this one. If you study the major pairs, the USD began this most recent decline in Oct. of 2004.

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  20. arch

    look we could sell alaska pay off all our bills ..we own a car company …start making electric cars and just do a swap out …get every car owner ( over 47.5 yrs old ) a new one for free if need be.. make our car company a non profit organization >>>>>jobs out the ass….govt says it doesnt want to be a car company >>>tuff shit do it anyway …fuck the world trade ..every country for itself as long as there is food on their table i say leave them to fend for themselves

    ,we tried to get along and look what happened …we need to take care of our mess and our people and fuck the world for now ..we need to get strong ,take our medicine and pay our doctor bill…thats my idea of a country that leads into the future…not this stupid shit thats going to go on for years

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    • arch

      glad to hear it .. im sure i will hear alot of new stuff labeled ” the truth” that will fall just short of that when all is said and done

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  21. Hammy

    I’m going to honor President Bush by enjoying thanksgiving dinner at his old country club. Anyone else going to be in Greenwich on thursday?

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    • JakeGint

      Stanwich?

      _________

      I will be in the Island of Lawng, Atlantic Beach, specfically.

      _

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    • mrsbuttons

      pick me up some fresh blueberries at the Harvest market will ya?

      And don’t forget to hold the nice policeman’s hand when you cross the street!

      haven’t been slumming that way in years…pee on some rich hedgie homies for me too..

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  22. Dr Fly

    Rofl@ “sell alaska, it’s an asset.”

    To hell with that, alaska is too nice. Sell california to China, so nike can open slave prison factories on continental US. They need jobs.

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    • Diamond Jim Brady

      Get to the choppa…

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    • yeomps

      California is a liability. We would have to pay someone to take that debt ridden state from us. Maybe the fed can negotiate a deal this weekend with JP Morgan buying out California for a 95% discount.

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  23. arch

    fly ,
    cant sell california , there is a robust wine and herb trade there ..even though there are a few illegals living there they still are our illegals….

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  24. Bill

    Alaska may not be worth as much as you think. Many states are not worth a trillion based on market prices. North and South Dakota plus maybe Montana and Wyoming may not add to a trillion.

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  25. Damon

    So, let me get this straight…..

    1) U.S. investment banks are borrowing massive amounts from the Fed, paying 0% on the loan, then investing in stocks…er, I mean “equities?”

    2) Taking the profits, and then slowing paying back the Fed (with shrinking dollar value) principle in interest on their free carry-trade?

    3) The U.S. government is allowing our to economy to completely collapse on purpose, per the “Rules for Radicals” playbook.

    I suggest reading the “Coming Global Economic Collapse Over the Next Two Years” report from those friendly Euro-bankers:

    http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html

    Perhaps there is a lesson here for us to learn?……remember that in the 1980s-2000, Japan could export their way out of their lost decade(s), via a booming global economy.

    We are so completely f-cked!

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  26. thegreeks

    This hole mess started with no money down access to home mortgages… ginnie mae and fannie mae pass through securities were a great idea.. a marvel of human invention. Shit, I loved the idea when studying in university. Asset backed securities of varying risk packaged into a nice risk managed security…. all with the dems (and repubs) pushing policy that undermined the perceived risk profile of said security. If blame is the game point your crocked finger at the congressional finance committee – all cock suckers.

    Bush and his admin lacked the balls to get it done….
    http://gatewaypundit.firstthings.com/2008/09/bush-called-for-reform-of-fannie-mae-freddie-mac-17-times-in-2008-alone-dems-ignored-warnings/

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    • JakeGint

      Careful son, you’re ruining the thesis.

      _________

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    • Generational BOTTOM Picker
      Generational BOTTOM Picker

      Fanny and Freddy had next to nothing to do with it. It was commodity speculation, derivatives,
      and overleveraging by the banks and brokers – out of GREED.

      Put the blame where it REALLY lies. They owed these derivative obligations to each other.
      We should have let them all EAT IT and bar all lawsuits pertaining to it.

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      • j

        you’re a fucking idiot if you think that Bottom. Fred and Fan right in there. From 2005 to 2007 they were the no-money-down mortgage market maker. These two and the Community Reinvestment Act in all it’s forms and disguises were at ground zero distorting the market and leveraging up to 125:1 with shit mortgages with Barney Faggot and the rest were right behind them (pun intended)

        Here’s a scholarly piece that does a good job of explaining.

        http://www.gsb.columbia.edu/whoswho/getpub.cfm?pub=3182

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        • DMG

          I concur. General bottom picker is a dolt.

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        • Generational BOTTOM Picker
          Generational BOTTOM Picker

          That guy is as full of shit as you are. The USA has $1.3 trillion in
          subprime mortgages. If they averaged 20% in the shitter (they were LESS than
          that on average) the problem could be solved with a cash infusion of $260 billion.

          The fuckin “derivative” bank-broker problem was at least a $4 TRILLION
          problem, and some say SIXTY trillion.

          As I said – Freddie-Fanny-Subprime had next to NOTHING to do with
          greedy banker-broker derivative / overleveraging GREED-BASED fuckups.

          http://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Mortgage_market

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          • j

            Oh so Fred and fan are not in administration at present. That’s just bullshit, right?

            STFU, bottom as you don’t have a fucking clue what you’re talking about, you moron.

            And DON’T send people to shitty sites lie Wiki as some sort of authority when idiots like you can edit the page at will. Fuck off.

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  27. The Fly

    In closing, mister jake has convinced me through his superior debating skills, the democras did it and bush had nothing to do with it. Actually, this whole mess started when Obama was elected. Moreover, the current healthcare bill is a disgrace, especially since we have a perfect system as is, for only $1400 per month.

    In closing, bush and the GOP are gods children an the demoncrats are spawned from hell.

    I think I got the rush talking points down.

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    • Woodshedder

      Fly, the insurance is still going to cost the same. A family of four is still going to pay 600/month on insurance that costs 12-15K a year. The gov’t (read TaxPayer) will cover the half that the citizen is not paying, just as the employer does now.

      It will still cost the same!!! The only difference is that the taxpayer is paying the half that the employers used to pay.

      That is why any idea that this is reform is bullshit.

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      • JakeGint

        Wrong again, Le Fly. The mess started with the election of the Pelosi-Reid Congress. Recall, it’s our Legislative Branch that controls the purse.

        The Pelosi-Reid abomination is only exacerbated (ie, there are no brakes whatsoever on the compulsion to spend blindly) with the ascension of your personal choice, Obama.

        Seriously, I bet there’s a civics review you can pick up at your local library.

        ________

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  28. Dr. Braveflaps

    I like the Doctor’s moxie but I disagree with the diagnosis; if the cure is 10,500, the only way the old Fly comes back this decade (7 weeks to go?) is if EVERYONE blames the elf. Firing THAT Timmay should be good for at least a 300 point pop on the Dow.

    Now pass me the scotch and my scalpel with the Ringers and the D5W and transport to Ramparts STAT!

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  29. TA

    Again with the fucking politics

    Can’t we all just agree they all suck and move on?

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  30. The Fly

    Dr.

    I concur.

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  31. The_Real_Hmmm

    Everyone get into the OCTOBOX and argue about bullshit politics. Loudest voice wins. Bottom line, you’re all irrelevant.

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    • JakeGint

      That’s what they’d like you to think.

      I guess you can keep quiet if you don’t think it’s that important.

      Not me.

      Fuck that.

      ___________

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      • Diamond Jim Brady

        Two men enter , one man leave.

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      • The_Real_Hmmm

        After watching some C-SPAN questioning of bank executives by politicians earlier this year I realized how clueless they, the politicians, were and are.

        My time is better spent devising ways to earn income to combat or exceed their policies than to try and enact change to their policies. Mr. Cain Thaler wrote an excellent piece on time management that applies to this situation. Either the bills will pass or they won’t, but time is running out. Instead of arguing about what will happen at every turn now, what will you do when the predominant vote prevails?

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    • DPeezy

      As the great Dave Barry once said:
      “The Democrats seem to be basically nicer people, but they have demonstrated time and again that they have the management skills of celery. They’re the kind of people who’d stop to help you change a flat, but would somehow manage to set your car on fire. I would be reluctant to entrust them with a Cuisinart, let alone the economy. The Republicans, on the other hand, would know how to fix your tire, but they wouldn’t bother to stop because they’d want to be on time for Ugly Pants Night at the country club.”

      __________

      Didn’t we segregate all this political nonsense to Jake’s tab (and to the PG, to a lesser extent)?

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  32. Diamond Jim Brady

    Pass the buck.

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  33. JakeGint

    Unemployment since the beginning of the Pelosi Congress.

    Yeah, it’s a conspiracy theory… it doesn’t matter who’s in charge of the purse strings.

    _________________

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    • Cuervos Laugh

      That’s a nice graphic there with little context.
      The areas of the US that are still under 9.9% are the ones where there are very little folk in comparison with the rest of the US.

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  34. Damon

    My own brother is now an air-force colonel, and a desert storm veteran, (F4-G wild weasel pilot), but I have to say since becoming a doctor, he has become a little odd.

    Doctors, love ’em or leave ’em.

    There will not be enough of them to go around soon!

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  35. Indie

    GIT ‘ER DONE!!

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  36. ThePrez

    Geithner’s testimony moved me to tears…. our little boy is all growns up!

    Best line: “I agree with almost nothing in what you’ve said.”

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  37. 308

    and right back at it with the Semi’s tonight comes BMO… (only place I see this is on Betweenthehedges)

    BMO Capital Markets tonight:

    – Rated (INTC) Outperform, target $26.

    – Rated (TXN) Outperform, target $33.

    – Rated (MRVL) Outperform, target $23.

    – Rated (BRCM) Outperform, target $37.

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  38. The Fly

    sell canada and someone get our southern boy jake a nice life size card board cut out of his favorite politician Sarah “the dogsledder” palin.

    Or, we can all go to tbe library and read about all of the great things the GOP doMinated congress did.
    Before pelosi

    Sorry jake, you will never, ever convince me that the GOP is any good, ever. So just leave it for your blog.

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    • JakeGint

      Lesser of two evils, perhaps, but giving up to the socialist is not an option.

      And give me a break with “leave it for my blog.” You put the damn “j’accuse” thing up, not me.

      ___________

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  39. Panda Bear

    Reposting something I had posted on another thread a while back.

    So whats the alternative? The previous administration was no better. They did the same shit in a different way (Medicare/Medicade, bailouts, etc). All current politicians are corrupt. Whether it be dems or reps.

    I personally think the country choose what was given to it. Sarah Palin would have been no better. While free speech and criticism is all good and shit after a while its whether your part of the solution or the problem. If you want change, go vote the incumbents out. Just make sure you don’t vote the same assholes in a different color in.

    The biggest problem that I see developing in this country is folks have stopped thinking for themselves. They blindly follow whatever the media tells them. Yes I specially mean the Limbaugh and Oberman crowd.

    Why is everyone still arguing about dems vs reps? At what point did it stop being about the wellbeing of the country and start being about whose in office so we can screw them over? The republicans have the best chance they have had in years to take back control and all they can do is complain about how we are becoming a socialistic state. When was the last time any republican offered a solution to anything?

    This countries going down a sad path of entitlement, xenophobia and hate. Instead of fixing problems, everyone likes to blame others so they can save their own ass. Jake, in all your post you havent suggested a single constructive suggestion on how to fix even one of the problems. Neither have you constructively criticized in an analytical way either the wrong doings of the previous or present administration.

    I am not a democrat or a republican. My personal instincts might be on the conservative side but I considered the last administration to be no better than the current one. If the folks on this blog truly are supposed to be the “smarter”, “richer” and “self critical” but won’t ever question the people they support blindly, this country is in for some really dark days ahead.

    Maybe Bobby Jindal is a ray of light for the republicans in 2012, but I doubt they will ever feel comfortable voting for a brown guy.

    Good day!

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    • JakeGint

      You are completely full of horse shit, peckerwood.

      I’ve offered solutions multiple times to these problems– both on the healthcare and fiscal/monetary arenas both on my blog and here.

      So either read more closely, or STFU. Nice racist crack at the end, too. If anyone is going to stop a brown man from becoming a Republican President, it will be the plantation owning liberal media that will not stand for it, not the GOP base.

      Take a look at what those phucks did to Condoleeza Rice, Clarence Thomas and to a lesser extent Colin Powell before you start with your People magazine analysis.

      _________

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      • Panda Bear

        Jake, why don’t you enlighten us with those solutions instead to calling everyone names … There are real problems here in healtcare. The only real solution I ever saw was from John Mackey when he posted his op-ed in the journal.

        Do you really think that Condy Rice and Colin Powell compare to the position of the president? Would you support him today and vote for him? Don’t blame everything on the media again. The longer one plays the blame game, the longer we are going to be no where with progress.

        Dude the plantation owning liberals are dumber than the mansion owning conservatives. Think to win and not to blame.

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        • JakeGint

          As I said, I have enumerated very useful solutions many times on my own blog. I will not repeat them ad nauseum here.

          I blame the socialists for cobbling together a 2000 page bill full of bullcrap just because they know “this is the time” when they might have the votes.

          If they really cared about fixing anything, rather than stealing power, which is their #1 priority, they would study ALL the possible solutions, and not try to ram through more government-oriented, non-market respondant bee-ess that will only make matters worse, and destroy millions of more jobs in this country.

          “Ready, Fire, Aim” is typical of the Dems, but in this case it’s constitututionally dangerous. They could tear the country up with this power grab.

          __________

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  40. Will

    My two cents at three am (Chicago time). Bush was the ultimate puppet, blame chaney rumsfeld all the old guard if you have any issues, I don’t care. In the meantime, political party doesn’t matter, as long as we figure out how to gain from any changes taking place. WE have the time machine, should we be wasting time on anything else?

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  41. j

    Some serious dumpling or risk positions in favor of the buck at the moment.

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  42. DEVILDOG

    Hey j, You and your global economic recovery and new bull market are going to get fucked today. Tuff shit dumb ass.

    Fly, looks like my GMCR SHORT will make more BIG coin today. I’m still holding this one long term for $15 or lower.

    Have a great day! Oh sorry, I guess you can’t since you bought at the close yesterday since we will gap down and not fill. Better check your PPT readings again.

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  43. j

    dog, I may lose some money, but I won’t be fucked..

    What’s a dumbass, Devildog is you for running FAZ from18,16,14,12,10,8, averaging with a certain aplomb and it’s down to a couple of bucks. That’s dumb, you dumb arse. It also means you have no capital left so good luck living on social security.

    Fly, looks like my GMCR SHORT will make more BIG coin today. I’m still holding this one long term for $15 or lower.

    Dog, you can’t make any money because you don’t have any left, as it was taken away from you with the short in FAZ. You’re paper trading, which isn’t the same thing.

    Dog gets angrier as the market goes higher.

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  44. needle dick the bug fucker
    needle dick the bug fucker

    DRYS is getting rocked, on a secondary offering @ holy shit $5.75…. Looks like this trading stock is done for awhile…

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  45. Dr Fly

    Bravo panda bear. My thoughts exactly.

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  46. justme

    Fly, referred back to you by Jake about ARA. Did it go from ARA to VCP to FBR?

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    • chivo

      Dude, use the internet. ARA and VCP merged to form FBR if I recall correctly. You get like 1.3 shares of FBR for every ARA share you had.

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  47. arch

    taking the FAZ mobile for a spin today @20.12

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  48. Ponch

    CHiPs team has officially declared GW Bush an asshole

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  49. Slim Whitman

    DELL is forming a two-girls-one-cup-and-handle pattern

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  50. j

    Well I disagree with some of what panda said.

    Why is everyone still arguing about dems vs reps? At what point did it stop being about the wellbeing of the country and start being about whose in office so we can screw them over?

    The reason is that there are competing political and economic philosophies at work here. I think for the most part the current prez and the congress are absolutely sincere in what they are trying to do even if the tactics are seriously questionable. They want to steer the nation left, into a more statist universe. The GOP less so.

    The republicans have the best chance they have had in years to take back control and all they can do is complain about how we are becoming a socialistic state.

    It’s true and the GOP wouldn’t be an effective opposition if they didn’t highlight this to the voters and seeing the country is essentially center right in its lean, it is an important facet of their dialogue with the people.

    When was the last time any republican offered a solution to anything?

    Bush actually did propose a more market based reform package that would have worked, however the Dems turned it down as they prefer a more statist solution.

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    • Panda Bear

      J, my point exactly. Both the sides are playing politics. Everyone treats voters like preschoolers and wants to spoon feed them this information (Of course with their own agenda).

      This country is inherently more conservative than liberal. If the right can’t exploit that fact, well its no one else’s fault than their own.

      Also Bush had a majority from 2002 to 2006. What great reform did he achieve? I see morons all over the place. One can’t turn a blind eye to them just because they wave a red flag. They got 8 years to basically achieve whatever they wanted, and they did nothing. Now its the other guys and they actually want to do stuff regardless of how screwed up the agenda might be. After everyone’s done blaming them, lets go back and look at what we could have also done in the last 8 years or more importantly in the next 8 to get the country back on track.

      I am sure Fly or I for that matter would support a smart GOP candidate that had the well being of the country in his thoughts.

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  51. mrkcbill

    Jed, has read “Going Rouge” 3 times already

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  52. Curly

    Wow! All this over one little comment from Geithner…
    I’m exhausted!

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  53. j

    J, my point exactly. Both the sides are playing politics. Everyone treats voters like preschoolers and wants to spoon feed them this information (Of course with their own agenda).

    Well of course they have their own agenda as that is what politics is all about. The middle road is bullshit as there is no middle road. It’s either statism or freer markets.

    This country is inherently more conservative than liberal. If the right can’t exploit that fact, well its no one else’s fault than their own.

    The public is a little wary of this as they think unbridled markets caused this mess when in fact it was anything but.

    Also Bush had a majority from 2002 to 2006. What great reform did he achieve? I see morons all over the place.

    Bush played all his chips on Iraq and forgot the rest. Bad move.

    They got 8 years to basically achieve whatever they wanted, and they did nothing. Now its the other guys and they actually want to do stuff regardless of how screwed up the agenda might be.

    That’s a pretty silly statement to make especially if their agenda is a disaster.

    After everyone’s done blaming them, lets go back and look at what we could have also done in the last 8 years or more importantly in the next 8 to get the country back on track.

    How about removal of farm subsidies, closing down all distortions in the housing market from the government. Removing moral hazard from the banking system. Taking away subsidies. Creating a healthcare insurance system where individuals buy their own. Getting the fuck out of Iraq. Reaffirming the tax cuts and cutting spending with a plan that the budget will be in surplus in a decade. Promising the federal government will take no more than “x” as a % of GDP. Yea there’s a lot of shit they could do. Cutting military spending.

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    • DMG

      I concur. Although you forgot to mention ending this silly little ‘war on drugs’. Billions are wasted on this farce every year and we have more ‘illegal’ drugs in this country than ever before.

      Take a really big bite out of crime, McGruff and legalize it.

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      • j

        Yep.. sorry and ending the “war on drugs”

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      • Generational BOTTOM Picker
        Generational BOTTOM Picker

        Republicans = Party of GOD. Guns, Oil, and Drugs.

        If some country isn’t involved in those we don’t bother. Those are the items
        that make American Republicans, Generals, Police, and politicians RICH.

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    • Panda Bear

      When do you run for office J? 🙂

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    • Fly Leech

      J,

      You said it perfectly. Including the part “…there is no middle road.” This was one of Bush’s problems, he desperately wanted to bridge between the two parties as he did when he was Gov. (and lost his veto pen). Unfortunately, the Dems saw this as a weakness and took full advantage of it. We are now experiencing the exact same phenomenon here in California with Schwartzeniconpoop.

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  54. toptick114

    At a glance:

    http://dunwalke.com/

    Indeed!

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  55. barkbarkbark

    The way I see it just driving by is.

    The Democrats are the party of tax and spend.

    The Republicans are the party of just spend,
    with a large amount of busybody tendencies related to sex.

    Both parties shore up narrow entrenched interests that are not good for anyone long term.

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  56. TA

    OMG, it’s still going on

    Opinions are like assholes. Everybody’s got one and everyone thinks everyone else’s stinks

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