Monthly Archives: October 2008

Common Ground

Posted on October 8, 2008 by B Psycho

Larison, summarizing the real cause of the current slow-motion meltdown: The trouble arose because of the effective collusion between government agencies and investment banks on the one hand (allowing the latter to become horribly overleveraged), and because of large-scale government involvement in the housing … Continue reading →

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Posted in economics, philosophy/life | 1 Comment

Simple question for Matt

Posted on October 8, 2008 by B Psycho

Considering that, contrary to your portrayal, defecit spending has been with us for decades anyway, when does all that debt ever get paid off?

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The lucrative art of Bluff-Calling

Posted on October 7, 2008 by B Psycho

It’s not exactly a quiet time, but this still comes out of nowhere: A federal judge today ordered that 17 Chinese Muslims held at the Guantanamo Bay military prison be released into the United States by Friday, agreeing with the … Continue reading →

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Posted in law | Leave a comment

One Word

Posted on October 6, 2008 by B Psycho

Chutzpah: In the first Congressional hearing into the financial crisis, the former CEO of the bankrupt Lehman Brothers, Richard Fuld, became the poster boy for Wall Street greed today as he defended the $484 million he received in salary, bonuses … Continue reading →

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Posted in economics, fevered barking | Leave a comment

Ease up on the caffeine, please…

Posted on October 6, 2008 by B Psycho

Sullivan found listed examples of some creepy old advertizing, and this one in particular caught me for its blatant endorsement of “traditional values” troglodytism: Goddamn, dude if it’s that important go get it yourself!  Funny the things we used to … Continue reading →

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Posted in random shots | 1 Comment

You Got Served

Posted on October 5, 2008 by B Psycho

While the sham argument about the bailout bill was still going on, I had a pet hope in my mind for it, solely for my amusement: that somehow, Bernie Sanders would actually have a substantial hand in the legislation, resulting … Continue reading →

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Posted in economics | 2 Comments

The closest thing to live-blogging the debate I feel like doing

Posted on October 2, 2008 by B Psycho

The next time someone brings up taxes without acknowledging that a) the capital gains rate is lower than the income rate & b) many people pay more on payroll than income anyway, I’mma slap somebody. Is this a debate, or … Continue reading →

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Whizzing on the electric fence

Posted on October 1, 2008 by B Psycho

Shorter Harold Meyerson: “The government-arranged increase of centralization in the finance sector proves the need for further government involvement.  For the little people, y’know?” The more statements like that from the pundits of the soft, pudgy middle of elite consensus … Continue reading →

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Posted in fevered barking | Leave a comment