An informal group blog featuring posts on a wide variety of subjects by a crew of authors in several different countries. Just sit back, have some fun, and maybe learn something.
If you've got any tips or suggestions, feel free to email us at TizonasWeblog at gmail.com, and one of us will get back to you.
In response to the assertion “Lenders created loan programs knowing that the people who bought them could never afford to pay them back.”, Mr. Bingley of the Coalition of the Swilling scribed this magnificent response. Read it in full, it’s very excellent.
But the key reason is why? That certainly makes no business sense, does it? I mean, the last thing in the world the mortgage company wants is your house. Houses are a pain in the ass and cost money to maintain and are not as ‘liquid’ an asset as a financial company wants. No, they want the easy simple route of the checks coming in. Clean and sweet.
So why did they make the loans? Because while one of the things companies like most of all is a good profit, the thing that companies, and frankly all of us, really like is a guaranteed profit, and that’s what this was. I’ll explain in a second, but first, here’s the general theory: In spite of what you hear coming out of Washington, this crisis is not a “Failure of a Free market” but in fact was created by Government regulation and interference in the free market.
“WASHINGTON (AP) – In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it.”
So, since the Democrats control the house, they should have been able to pass the bill on a party-line vote, correct? Wrong. 40% of democrats voted against the bill, and the Republican coalition fell apart, partly because of this divine gift of a speech that Nancy Pelosi gave before the vote.
This is the worst Speaker of the House in History: Remember, her approval rating has been as low as 14%. This time, however, she helped the Republicans snatch victory from the jaws of defeat. You see, the Democrats only wanted the Republican votes as a fig leaf to hide behind, and now hey have nothing whatsoever to hide their shame.
The Democrats who voted against the bill had an entirely different agenda than the Republicans who voted against it. Pelosi’s partisan beat-down forced enough Republicans to do the right thing to derail the bill, but for the Democrats, it was the lack of leftist provisions and slush money for leftist groups like ACORN that made them vote against it. Strange bedfellows, indeed.
“WASHINGTON (Reuters) – Democratic leaders in the U.S. House of Representatives are going to try to move another financial rescue bill after a $700 billion plan was rejected in a House vote, a senior House Democrat said on Monday.”
The thing nobody is talking about is that investigations are going to happen over this mess, and heads are going to roll. Almost all of those heads will have “D is for Democrat” on their foreheads. The first subpoenas have already been issued.
“NEW YORK (Reuters) – Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigation into their accounting.”
“NEW YORK (AP) – Wall Street plunged precipitously Monday, at one point sending the Dow Jones industrials down more than 735 points as investors feared that the failure of the government’s financial rescue plan in the House will force the country into a worsening credit and economic credit risis.[sic- Beef]”
This isn’t the “worst” of it, however, as I’m virtually certain that McCain-Palin have no chance of winning the election in this climate – seriously, it would take a real Deus ex Machina miracle for the Republican ticket to win now, and I don’t see it happening – but even that has long term upsides.
Let Obama and Biden preside over the hearings, commissions, investigations, prosecutions, and convictions of their fellow party members. If McCain and Palin do it, everything will be, “A RethugliKKKan Fascist, Racist, Witch Hunt” /leftard. If Obama and Biden do it, it may lead to the mighty governmental collapse I’ve been praying for for the past ten years, and then the Democrats may need a generation or more to get back into power. And, trust me, they won’t look, sound, or smell like the Democrats of today when they do. And that, my friends, would be a very, very good thing.
So, be of good cheer. I am.
UPDATE: Carl Rove, the magnificent bastard of the right, and ultimate boogeyman of the left, explains the vote to John Gibson, blow by blow.
After Kevin Rudd’s campaign slogan of “Kevin07,” I started hearing take-offs on it like “Mistake08” and “Decline09,” but I think the best one yet, given his proclivity for international travel and being anywhere but Australia, is Kevin747:
I know both Nilk and I have been dreading this day, a day we both knew was sadly coming for some time.
Paul Newman: Epitome of Cool
Being fifty, I grew up watching this guy act. To me, he was always cooler than Brando or James Dean. Only Charlton Heston and John Wayne were bigger favorites of mine, but hey, Heston did all those big Biblical epics I love and Wayne… well WTF can you say about Wayne that hasn’t been said a million, jillion times before? Bogart’s in there too, somewhere, along with McQueen.
Today is my niece’s 7th birthday, and in good aunt practice, I gave her a bagload of presents. Her mother was “thrilled”. She got a Barbie doll (Barbie is evil), a pencil case loaded with cool stuff because she’s just learned to read and write and she loves doing it, a notebook (pink of course, with princess stickers on the front), a puzzle (got a bear and a dog, and only 1000 pieces, about 990 of which I’ll get to put in), an mp3 player (preloaded with acceptable music), and a bicycle.
Stupid planning on my part to buy so much: the dear child has one sister, and two twins on the way. These children will cost me a fortune!
Little Possum Used To Be So Cute
Oh, and just a quick question. Can someone remind me to call her and wish her a Happy Birthday? She’ll hurt me if I don’t. She pounces, out of nowhere. It hurts, it’s sudden, and usually she leaps out from places I don’t think she can fit. It’s evil!
Keep in mind that this is what was said of the McCain/Obama bracelets back in February:
Mrs. Jopek [who gave her dead son’s bracelet to Obama in February ’08] said she’s a “political junkie” who was once watching a press conference on television and noticed likely GOP nominee John McCain wearing a similar bracelet. McCain’s was given to him in August [’07] by the mother of Cpl. Matthew Stanley, also killed in Iraq, and the Arizona senator’s been wearing it regularly ever since.
So Mrs. What’s-her-name only gave her son’s bracelet to Obama as a political me-too stunt, anyway.
UPDATE: Apologies. The Time Magazine piece from February I linked to above with Mrs Jopek’s comments is now “expired.” I had originally cut ‘n’ pasted it into my comment here, the day after it appeared, but now the original is disappeared.
I like the United States, however, it appears that more sneaky techniques are being employed, and for some sad reason, I don’t find it hard to believe this stuff is being pulled. Via Tim Blair’s blogroll, I found the Environmental Republican. I also found this post on democracy.
The Environmental Republican is quite right. Good on him.
I’ve been away for a couple of days, and I appear to have missed some drama here. I really have no clue as to what’s been going on lately, as I’ve been busy doing a bit of study as well as working 11 and 12 day fortnights on top of parenting.
So for something a bit different, and as proof that I still have a sense of humour, I’ve finally put up a self portrait for my army of admirers!
As the post title says, follow the link at your own risk!
Living in Korea and especially teaching ESL, one has to endure some rather strange, let’s say ‘adaptions’, of the English language. However, I just hope my students are paying more attention to me than to the pop music they listen to!
And I'm so damn hot, they call me vampire.
More examples can be found here at allkpop.com which I stumbled upon whilst looking for a South Park picture for WOZ.
Of the many challenges, one of largest is finding a cable that can support the carriage, which must be “180 times stronger than steel”, according to Yoshio Aoki, director of the Japan Space Elevator Association.
While it still feels a bit farfetched, Japan is a fine place to attempt the project. As the Times points out, Japan is “a global leader in the precision engineering and high-quality material production without which the idea could never be possible.”
This is really and truly unbefuckinglievable. There’s an abject idiot at Politico named Scott Lilly(-Liver) who actually thinks he understands why Sarah Palin was away from the Alaska State Capitol so much: She was playing hookey from her Governorship, and bagging the big bucks doing it.
Hey Scott, take a look at this, you fucking moron.
DOUGLAS — A celebration of life for James William “Jim” Adams, 53, will be held at a later date.
He died Tuesday, Sept. 9, 2008 at Memorial Hospital of Converse County in Douglas.
Jim, who had tired of reading obituaries noting other’s courageous battles with this or that disease, wanted it known that he lost his battle. It was primarily as a result of being stubborn and not following doctor’s orders or maybe for just living life a little too hard for better than five decades.
He was born June 8, 1955 in Garrison, N.D. the son of James William and Ruby Helen (Clark) Adams.
He was sadly deprived of his final wish, which was to be run over by a beer truck on the way to the liquor store to buy booze for a date. True to his personal style, he spent his final hours joking with medical personnel, cussing and begging for narcotics and bargaining with God to look over his loving dog, Biscuit, and his family.
He would like to thank all “his ladies” for putting up with him the last 30 years.
During his life, he excelled at anything he put his mind to. He loved to hear and tell jokes and spin tales of grand adventures he may or may not have had.
He is survived by five sons, Jeremiah Adams and his wife, Nicole, Mica Olivas, Wade Olivas, Brice Simpson and Cole Adams; sister, Jerri Giegerich; two ex-wives, Vickie Harrison and Marilyn Williams; four grandchildren; two nieces; and two great-nieces.
He was preceded in death by his parents and a brother-in-law.
In lieu of flowers, he asks that you make a sizeable purchase at your favorite watering hole, get rip roaring drunk and tell the stories he no longer can.