From Pine View Farm

2009 archive

This Week’s Dustbiters 0

Not getting no more toasters from these folks. They’ve been nationalized and given to someone else.

Security Savings Bank, Henderson, NV

Heritage Community Bank, Glenwood, IL

You can bank on it.

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Beats Selling Plasma 3

The days of the little match girl appear to have succumbed to invitro fertilization.

Now it’s big match girls:

Drawn by payments of up to $10,000, an increasing number of women are offering to sell their eggs at U.S. fertility clinics as a way to make money amid the financial crisis.

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“Masters of the Universe” 0

’nuff said:

Banks insured by the FDIC posted a collective loss of $26.2 billion in the fourth quarter of 2008, the agency said Thursday, as the percentage of charged off loans tied a quarterly record of 1.91%.

The grim results compared to a $575 million profit during the fourth quarter of 2007.

Meanwhile,

The U.S. economy was hitting on virtually no cylinders in the fourth quarter, as gross domestic product fell at the fastest pace since 1982 on sharp declines in consumer spending, investment and exports, the government said Friday.

GDP fell at a 6.2% seasonally adjusted annualized pace in the final three months of 2008, revised from the initial estimate of a 3.8% drop, the Commerce Department reported. It was the worst decline in GDP since a 6.4% decrease in the first quarter of 1982.

Hilzoy has a thought (Via Andrew Sullivan).

BogusBonus worthy.

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Dustbunnies 0

Oh, my.

Via Gene Weingarten.

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Jindal Bells 3

Well, that was quick.

“Ask not for whom the bell tolls. It tolls for thee.”

With apologies to John Donne.

Via TPM.

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He’s Theatening To Get Unlimited Minutes 0

Be afraid. Be very afraid.

Brendan makes a phone call.

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“First Nationalized Bank” 1

I ask again, should I just make my next mortgage payment payable to the United States Treasury:

After two multibillion-dollar lifelines failed to shore up Citigroup, the government will increase its stake to 36 percent from 8 percent.

The chief executive, Vikram S. Pandit, will remain, but Citigroup will shake up its board so that it has a majority of independent directors, a move that federal regulators had already been pursuing. The moves come as the bank announced that its 2008 loss had spiraled to $27.7 billion, among the largest in corporate history.

And I still want the bozos that ran Citi into the ground to top out at a GS-15 pay rate (under “pay for performance,” they wouldn’t qualify for GS-5).

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Stray Thought 0

“Reality television” is to today as dance marathons were to the 1930s.

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Something to Which To Look Forward 0

Friday evening is when the FDIC eats banks.

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News Lead of the Day 0

I double-dog dare you to find a better lead to a news story than this:

A phony cross-dressing veterinarian already in trouble for allegedly practicing medicine without a license was indicted by a grand jury on drug charges, authorities said.

Aside: The drug charges are for having prescription-strength Ibuprofen, for heaven’s sake, for use in his allegely phony vet practice. The DA or whatever they call ’em in New Jersey is guilty of piling on.

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I Need a Drink (Updated) 0

Some Republican CPAC attendee was on Marconi’s Magic Box talking about “intellectual honesty.”

Oxy Moron.

Addendum, 11:49:

The Booman and Steve have the crazy.

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One of My Daddy’s Favorite Expressions Was “Blowing Your Top” 0

Persons who live with volcanos erupt.

All seriousness aside, Duncan summed it up here.

Moral: Republicans have no clue about what government is for.

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The Other Side 0

of this life:

And, for a sense of perspective, the other side of that life.

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Un-Be-Gideon-Lievable. 0

Who woulda thunk?

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“Whoa-Whoa-Whoa-Whoa-Those Wildwood Days” 0

Those wild-wild-wild-Wildwood Days:

. . . authorities in Cape May County say a former North Wildwood beauty queen had a talent for printing and using fake $50 bills.

Ashley Fuhrmeister, 21, a business major at Atlantic Cape Community College and Miss North Wildwood 2007, was arrested Friday along with her mother, Kelly A. Nowacky, 44, on charges of forgery and possession of forgery devices.

Via Philly Blunt.

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R2D2 USPS 0

Over at Cpaphil Vintage Postcards.

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Social Networking and Facebook 0

Yesterday’s Radio Times included a discussion on social networking websites and on Facebook in particular. From the website:

The popular social networking site Facebook celebrated it’s fifth anniversary earlier this month. We talk about how online sites like Facebook and MySpace have evolved over the years and now is attracting an older generation of users. Our guests are Time Magazine Nerd World columnist LEV GROSSMAN and MARY MADDEN of the Pew Internet and American Life Project.

Follow the link above to visit the website and search for February 25, 2009, or listen here (MP3).

(I really have to write them a letter about how lame it is that you can’t link the particular episodes at the site.)

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Dumb in the City 1

A pedestrian mall. How 1970s.

Now, a City Hall spokesman says the concept is being taken a step further. Broadway will be closed to vehicles at Times Square, from 42nd to 47th streets. A couple of blocks at Herald Square, 33rd to 35th streets, also will be closed.

The plan will provide amenities for outdoorsy types, including cafe tables and benches.

Every city that I know that has turned part of downtown into a pedestrian mall has subsequently ripped out the pedestrian mall and replaced it with streets.

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The High Price of Low Regulation 0

‘Twasn’t the fly. Nor was it Senator Schumer who killed Cock Robin. It was the failure-to-regulatory agency:

While the Office of Thrift Supervision had blamed Senator Charles Schumer for sparking a run on the bank by releasing a letter critical of IndyMac, today’s audit said the company was already headed for probable failure. The OTS, which regulates the Pasadena, California-based lender, “failed to prevent a material loss” to the Federal Deposit Insurance Corp., the Treasury Department said in the report.

“The thrift’s high-risk business strategy warranted more careful and much earlier attention” from regulators, according to the report distributed by the Treasury’s Office of the Inspector General.

IndyMac’s “nontraditional” loans and “insufficient underwriting” helped lead to its seizure by regulators in July, according to the audit. The FDIC estimated last month that IndyMac’s failure would cost the insurance fund $8.5 billion to $9.4 billion, up from its prediction in July of $4 billion to $8 billion.

Moral: You don’t just need cops. You cops who actually walk there beat.

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Nowhere To Go, Nothing To Do 0

Must be Obama’s fault:

Signaling persistent labor market weakness, first-time applications for state unemployment benefits for the week ending Feb. 21 rose 36,000 to a seasonally adjusted 667,000. The level of initial claims is the highest since October 1982 and up 86% from the same period in the prior year.

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