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Take A Number

Wednesday, September 17, 2008 | 07:00 PM | Permalink | Comments (56) | TrackBack (0)
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Where's the bailout today? No emergency rate cut? No bridge loans? No stimulus? Sheesh, could it be they're tapped out?

Posted by: Rob P | Sep 17, 2008 7:04:25 PM

Need to add the car companies...talks with Ms. Pelosi today were discribed by the car companies as "very encouraging"

Bruce in Tennessee

Posted by: Bruce | Sep 17, 2008 7:09:53 PM

What the hell is 'New Orleans' doing in that line? Was the cartoonist pressed to show some sort of 'balance' between large for-profit corporations, on the one hand, and an American city devastated by Army Corps of Engineers malfeasance?

Posted by: ambivalentmaybe | Sep 17, 2008 7:13:39 PM

This reminds me of the simplified 1040 joke:

Line 1: How much did you make last year?
Line 2: Send it in.

Posted by: leftback | Sep 17, 2008 7:13:41 PM

Anyone else think that the emergency auction by the Treasury to fund the Fed because they were "tapped out" was a bit, let's say, Interestinggggg? (Sorry Sgt. Schultz)

Nah, couldn't be that Uncle Same is getting in a little too deep for comfort. Surely the Chinese will continue to buy our long term treasuries...

Bruce in Tennessee

Posted by: Bruce | Sep 17, 2008 7:13:59 PM

your New Orleans dud, needs to have a wider nose and thicker head! If they are going to take the credit on the up-side, lets not let them be niggerly on the down-side! I use to live there and the fact is that they (we do know who they are, right? Ok, those that have a propensity not to be able to fit into an average chair.), people collectively need to be culpable...

Posted by: JustinTheSkeptic | Sep 17, 2008 7:25:47 PM

Bruce! Damn, I hadn't heard anything about this, of particular note: (quote: The program will consist of a series of Treasury bills, apart from Treasury's current borrowing program, which will provide cash for use in the Federal Reserve initiatives.) Beginning to think I shouldn't have closed out those SPY puts today. http://www.ustreas.gov/press/releases/hp1144.htm

Posted by: Rob P | Sep 17, 2008 7:29:13 PM

...and that goes for all the people on Wall-Street that can't fit into the average chair also! Yes, them fat-asses like Fuld, Pandit, etc., etc....

Posted by: JustinTheSkeptic | Sep 17, 2008 7:29:20 PM

There is NOTHING going on that The People didn't repeatedly endorse at the ballot box and by their own wasteful ways.

Ergo, The People have nobody to blame but themselves.

Protect yourselves.

Posted by: Paul Jones | Sep 17, 2008 7:30:13 PM

Bruce,
Exactly. Our creditors (the Chinese) are in the driver's seat. They ARE pressuring our government to honor it's commitments to foreign bond purchases by giving a realistic yield AFTER inflation. The Chinese aren't stupid. They are not going to throw good money after bad. If our government tries to massively inflate out of it's debt obligations, the treasury auctions will look like Boot Hill.

Posted by: AGG | Sep 17, 2008 7:37:39 PM

Should have had a printing press instead of a taxpayer although it will be my grandchildren paying for this disgrace.

How about China owning Morgan Stanley? Not believable. How about that Wall Street Moxy now? Assholes!

Posted by: Ken H. | Sep 17, 2008 7:43:33 PM

Hilarious but quite sad.

Posted by: Pat G. | Sep 17, 2008 7:49:46 PM

Why is JustinTheSkeptic allowed to post his racist bigoted illiterate comments?

Posted by: BT | Sep 17, 2008 7:50:53 PM

Paul Jones, that's like saying that the people in the stands at a baseball game should understand what the pitch-count is and what to throw next. In fact, when you come to think about it, with our political system, unless you have money, or some other kind of influence you really can't even get into the game! Do me a favor, take a count of all those people in washington, from the Senators to the Aids and tell me how many of those people are not connnected to the "A MACHINE," of somekind?

Posted by: JustinTheSkeptic | Sep 17, 2008 7:53:02 PM

JustinTheSkeptic:

The correct word is "niggardly". I think that's what you wanted to use. Not the "N" word. Look it up. Buy a dictionary.

Posted by: fluent english speaker | Sep 17, 2008 7:55:07 PM

JustinTheSkeptic:

The correct word is "niggardly". I think that's what you wanted to use. Not the "N" word. Look it up. Buy a dictionary.

Posted by: fluent english speaker | Sep 17, 2008 7:57:18 PM

The main problem with Wall Street - NO ONE EVER TELLS YOU WHEN TO SELL!! I am so sick of watching the parade of experts this week saying "stay on the sidelines". Why couldn't they have said "GET OUT OF THE MARKET NOW" 2 or 3 weeks ago? Why not? Because it's in their interest to keep us fully invested so they earn their management fees, incentive fees and can point to a chart that says "look, more Americans bought stock this year than last". They're all a bunch of idiots. I mean this with utmost seriousness. This is a worthless profession. I hope Microsoft invents a computer program that can invest for me because listening to the "experts" sure ain't working.

Posted by: CHB | Sep 17, 2008 7:57:58 PM

ashington Post - 49 minutes ago
By Michael D. Shear and Karl Vick Hackers said they took over
a Yahoo! e-mail account of Alaska Gov. Sarah Palin
Wednesday, publishing some of its contents on the
Internet and exposing the Republican vice presidential
nominee's private communications ...
Palin’s E-Mail Account Hacked, Published on Web Site FOXNews
Hackers break into Sarah Palin's e-mail account The Associated Press
ABC News - AHN - ZDNet - CRN

Dow 5000..the worst is yet to come

Economy in Toilet...America Is Doomed...

http://www.forbes.com6ggr%rgsiteid=story

Remember President Bush's strong economy? Now it's strong Los Angeles Times - 2 hours ago
It has been the mantra of the White House this

Posted by: Biden | Sep 17, 2008 8:03:14 PM

BT, because JustinTheSkeptic, happens to know reality. And I would bet that Marc Morial, Bill Crosby, etc., would line up right behind me if they could do so without being ostracized. The fact is my friend, it is time to start looking at each other and calling a saint a saint when they deserve to be called one, and point out indiscretions, when they are present among us.

Posted by: JustinTheSkeptic | Sep 17, 2008 8:04:23 PM

Barry,
The bail out meme comes from that famous fascist - John Maynard Keynes.

Robert Higgs on the Fannie/Freddie Commie take over

Posted by: ONO | Sep 17, 2008 8:05:49 PM

Justin, inre fluent english speaker's comment: Dic-tion-ary. It's a book. With words in it. And definitions. Lots of words and definitions. You can find one in a library. You know, a li-berry.

Posted by: Mitchn | Sep 17, 2008 8:08:52 PM

I second the justintheskeptic ban vote. Justin, you are as clueless as you are arrogant.
Register the vote and delete this post if you like.

Posted by: RichardN | Sep 17, 2008 8:08:55 PM

The Worst Financial Crisis Since Dawn of Humanity?
guardian.co.uk - 48 minutes ago
Barack Obama and John McCain spent
millions of dollars in an unprecedented
advertising spree yesterday hoping that the Wall
Street meltdown would give them a lift in the opinion poll

Posted by: J0n | Sep 17, 2008 8:11:39 PM

Hey, its better than what the credit card companies tried to do to me.

Where is Mr. Gramm to squelch these whiners?

kent

Posted by: Kent | Sep 17, 2008 8:12:34 PM

Maria talking to Ailman on CNBC. Ailman's an idiot. Going after the short sellers. The only reason they hate short sellers is because they do due diligence before taking a position. They scour the earnings reports, proxy statements, footnotes, etc. If it's not adding up then they take a short position. They refuse to drink the kool aid. Anyway, if someone is selling then someone is buying. Quit assuming that stock prices always have to go UP. Rant over.

Posted by: Juhuti | Sep 17, 2008 8:13:32 PM

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