From Pine View Farm

2010 archive

The Entitlement Society 0

Knock down, drag out.

“Empty boxes.” Heh. Sounds like “boxes of air” to me.

See the comments at Rising Hegemon.

Via Eschaton, which wonders when a US television network would air a discussion like this one.

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Twits on Twitter 0

The Boston Globe offers a “How To Twit.”

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The Wolf’s Wardrobe 0

Where is the sheep’s clothing kept?

In the sacks of Goldman.

Bloomberg (emphasis added):

Such securitization enabled debt with the lowest investment-grade ratings to be transformed, in part, into AAA securities that turned out to not be as safe as that ranking suggested. At least $5 billion of Abacus slices now carry junk ratings, below BBB-, from Standard & Poor’s, or have defaulted, Bloomberg data show.

Follow the link to see the shell game explained.

As I’ve been saying, Wall Street called them bags of gold, but they were bags of air.

All label, no gold.

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Seen on the Street 0

I don’t want to know:

Read more »

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The President’s Weekly Address 0

As an extra added attraction, a song about Wall Street:

Transcript here.

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Freedom of Screech 0

According to the lady in yellow, “Nothing’s better than a dead liberal.”

Via DelawareLiberal.

Afterthought:

No more self-awareness than a ceramic floor.

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QOTD 0

John Milton, via the Quotemaster:

Those who danced were thought to be quite insane by those who could not hear the music.

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Constituent Service 0

Dan Wasserman

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Fly-on-the-Wall Dreamin’ 0

Not during, but before and after this meeting, and on both sets of walls. The meeting itself will no doubt be oh-so-proper:

Members of a black fraternity at the College of William and Mary plan to meet with Gov. Bob McDonnell to discuss the contentious issue of Confederate History Month.

The Williamsburg college’s Alpha Phi Alpha chapter cited McDonnell’s proclamation that April is Confederate History Month in declining to attend an awards ceremony. McDonnell honored several recipients of statewide community-service awards at Thursday night’s event.

Chapter President William B. Morris III said Friday that fraternity members were honored to be among the winners of the Governor’s Volunteerism and Community Service Awards for their work as mentors of underprivileged middle-school students. But he says they respectfully chose to sit out the ceremony because McDonnell’s decision to honor a cause that harmed black people is insulting and improper.

Underlying the whole thing is generations of white folk who want to return to a time that is gone with the wind, not realizing that that time never existed except in Southern wishful thinking–wishful thinking to deny that the “Cause” of the “Lost Cause” was chattel slavery.

Full disclosure:

When I attended that college back in the olden days, there were not enough black students there to make up a fraternity.

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LCS-2 0

LCS-2 Independence

More here.

Official website here.

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Dustbiters 0

Six banks blanked:

For a complete list of failed banks since the turn of the century, go here. There are 20 from 2000 through 2007. I didn’t bother to count the ones from 2008 on.

One (the top one in the list above) appeared as I was writing this.

Yes, this is an industry to whom we should clearly turn for guidance in crafting financial policy and consumer protections.

Now, pardon me, I think I saw a winged pig.

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Swampwater 0

The swamp is starting to bubble. From the BBC:

The former president of the US private security firm, Blackwater Worldwide, and four other former workers have been indicted on federal weapons charges.

Gary Jackson, who resigned last year, denies conspiracy to violate firearms laws, making false statements and possession of an unregistered firearm.

(snip)

In addition to Mr Jackson, Blackwater’s former general counsel Andrew Howell, former executive vice-president Bill Mathews, former procurement vice-president Ana Bundy, and former weapons manager Ronald Slezak were indicted on Friday.

They are charged with using “straw purchases” to stockpile automatic weapons at the company’s headquarters in Moyock, North Carolina, and filing false documents to cover up gifts given to the king of Jordan.

It appears that at least some of the deceptions and underhanded dealings related to, but not restricted to, the Great and Glorious Patriotic War for a Lie in Iraq are starting to head for hearings in open court.

It will be interesting to see how great, how glorious, how patriotic they appear in the cold text of court stenography.

I suspect that it is not uncommon for mercenaries to think that they are a law unto themselves. That is part of the problem with using mercenaries; they know no loyalty other than to the name on the paycheck.

Follow the link for more.

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I Write Mail 0

My letter to my elected representatives incongruously assembled:

Dear Mr. [name]:

This is to urge you to support the strictest possible reform of the financial industry, including reinstitution of Glass-Steagall.

The banking and investment industry has shown over the past decade that it cannot be trusted to exercise fiduciary responsibility, restraint, or sound business practices. It is time to (re?)create a regulatory structure to minimize their abuses and to hold them accountable for misconduct.

Thank you.

Feel free to paste this into your word processor and adapt it to your congresscritters.

Afterthought:

SEC goes after Goldman-Sachs.

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Down Is Up 0

Dick Polman analyzes the Republican Wall Street spin cycle:

In his ’07 book, entitled Words That Work, Luntz warns Republicans that Wall Street “is seen as global and cold, with sterile glass structures and office cubicles filled with numbers crunchers concerned more with profits than people.” The problem, of course, is that Republicans have traditionally been close to Wall Street, vacuuming up more of its donations than the other party. (According to a massive ’08 study by the nonpartisan wallstreetwatch.org, the GOP collected 55 percent of the financial sector’s political donations in the 10 years between 1998 and 2008.) But (Frank–ed.) Luntz had a solution: Republicans, in their messaging, should take care to identify themselves with Main Street. In Luntz’s words, “Wall Street is about profit. Main Street is about people…Wall Street is about buyouts and takeovers. Main Street is about family.”

Which brings us to the current efforts on Capitol Hill – led by Democrats, with a few participating Republicans – to crack down on Wall Street abuses. Earlier this year, when Republican leaders realized that they would have to serve their Wall Street friends by opposing reform, without somehow appearing to side with Wall Street against the little guy, Luntz went to work on the thorny problem. He came up with a solution. He suggested some talking points that made it sound as if the Republicans, by opposing reform, were actually sticking up for the little guy – and that the Democrats, by pushing reform, were sticking up for Wall Street and screwing the little guy.

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Horse Gone. Leave Barn Door Open. 0

John Cole dissects Republican opposition to banking reform so I don’t have to.

The Republican Party: Now and ever the Party of Privilege.

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Rejoining the Union 0

Ruben Navarrette, Jr. in the San Jose Mercury-News:

As someone who writes often about immigration issues, I’m accustomed to hearing readers complain about those who insist on looking backward and obsessing over their heritage. They have little tolerance for those who seem intent on separating themselves from the rest of us by defiantly maintaining their culture and customs rather than blending into the mainstream. And they have even less patience with those who would dare wave a foreign flag in public — especially if it happens to be the colors of a republic that was, just 150 years ago, literally at war with the United States.

I have to agree. All of which leads me to ask: When exactly are Southerners going to assimilate?

Not anytime soon if Virginia Gov. Bob McDonnell has anything to say about it.

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Banksta Rap 0

Oh my goodness.

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“I Got Mine” 0

Auth

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Nuclear Disparagement 0

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
A Farewell to Arms
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

Via TPM.

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“World’s Dumbest” Candidate 0

Watch for it soon on Court TruTV:

A would-be burglar was easily captured early today after getting stuck in the ventilation system of the Maryland convenience store authorities say he was trying to burglarize.

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